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Structure and change: Douglass North's economics

Brownlow, Graham - In: Journal of Economic Methodology 17 (2010) 3, pp. 301-316

Douglass North is a pivotal figure in the development of the 'new' economic history as well as the 'new' institutional economics. However, the relationship between these two aspects of his thinking remains undeveloped in previous critical assessments of North's work. The relationship is...

Persistent link: https://www.econbiz.de/10008691577

A logical critique of mathematical formalism in economics

Dennis, Ken - In: Journal of Economic Methodology 3 (1996) 1, pp. 151-169

Mathematical economic theory is lacking in logical rigour. Even if the mathematics used in constructing formal economic … theory is rigorous as pure mathematics, economic theory possesses both mathematical and non-mathematical components. But … mathematical reductionism fails to formalize the non-mathematical components of economic theory, and the method of numerics …

Persistent link: https://www.econbiz.de/10009219429

Models and theories

Leijonhufvud, Axel - In: Journal of Economic Methodology 4 (1997) 2, pp. 193-198

Economic theories are systems of beliefs about the world. Models formalize parts or aspects of theories but leave much of their content out. An example of a component of theories not contained in models are the instructions for how to proceed when a model fails (in Lakatos' terms the 'positive...

Persistent link: https://www.econbiz.de/10009219466

A logical critique of mathematical formalism in economics

Dennis, Ken - In: Journal of Economic Methodology 2 (1995) 2, pp. 181-200

Persistent link: https://www.econbiz.de/10009219473

Is the tatonnement hypothesis a good caricature of market forces?

Vroey, Michel De - In: Journal of Economic Methodology 5 (1998) 2, pp. 201-221

Three points are made in this article. First, it is argued that general equilibrium theory should not be limited to the …

Persistent link: https://www.econbiz.de/10009219475

Economics in the lab: Completeness vs. testability

Guala, Francesco - In: Journal of Economic Methodology 12 (2005) 2, pp. 185-196

domain for economic theory. The first one is used by some experimenters in their skirmishes with economic theorists, and … assumption that the domain of economic theory is more limited than a literal reading of its assumptions would suggest. Of course … point in the direction of the incompleteness of economic theory. Some remarks on the role of methodological arguments …

Persistent link: https://www.econbiz.de/10005496153