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Successes and failures in the transformation of economics

Lipsey, Richard - In: Journal of Economic Methodology 8 (2001) 2, pp. 169-201

While acknowledging the successes of modern economics, this paper concentrates on some shortcomings. Many are traced to a single source: the great insights of economics are all qualitative. Economics does not have a theoretical structure that is tightly related to a rich body of data and those...

Persistent link: https://www.econbiz.de/10005496091

Persuasion: Reflections on economics, data, and the 'homogeneity assumption'

Fforde, Adam - In: Journal of Economic Methodology 12 (2005) 1, pp. 63-91

gender and culture. The paper argues that a central issue in economic methodology and pedagogy should be, as North implicitly …

Persistent link: https://www.econbiz.de/10005496094

A positivist tradition in early demand theory

Serrano, David Teira - In: Journal of Economic Methodology 13 (2006) 1, pp. 25-47

In this paper I explore a positivist methodological tradition in early demand theory, as exemplified by several common traits that I draw from the works of V. Pareto, H. L. Moore and H. Schultz. Assuming a current approach to explanation in the social sciences, I will discuss the building of...

Persistent link: https://www.econbiz.de/10005496102

Natural economic quantities and their measurement

Reiss, Julian - In: Journal of Economic Methodology 8 (2001) 2, pp. 287-311

This paper discusses and develops an important distinction drawn by Jevons, viz . that between natural and fictitious quantities. This distinction provides a basis for a theory of economic concept formation that aims at picking out families of models that are phenomenally adequate, explanatory...

Persistent link: https://www.econbiz.de/10005496111

Evaluating the historiography of the Great Depression: explanation or single-theory driven?

Szostak, Rick - In: Journal of Economic Methodology 12 (2005) 1, pp. 35-61

Following James Rule and Colin Clark, a single-theory-driven approach to scientific inquiry which focuses on testing particular theories can be distinguished from an explanation-driven approach which is open to all observations and whose results do not cease to have value with the passing of a...

Persistent link: https://www.econbiz.de/10005496123

Rationalism and mainstream economics

Viskovatoff, Alex - In: Journal of Economic Methodology 10 (2003) 3, pp. 397-415

It is generally agreed that mainstream economics follows John Stuart Mill's economic methodology. Since Mill …'s deductivist methodology was explicitly anti-empirical, this raises the question of to what degree economics is an empirical … instances of research programs in which intuition is privileged over experience. From this it is concluded that economists …

Persistent link: https://www.econbiz.de/10005496124

Experiments in economics: External validity and the robustness of phenomena

Guala, Francesco; Mittone, Luigi - In: Journal of Economic Methodology 12 (2005) 4, pp. 495-515

External validity is the problem of generalizing results from laboratory to non-laboratory conditions. In this paper we review various ways in which the problem can be tackled, depending on the kind of experiment one is doing. Using a concrete example, we highlight in particular the distinction...

Persistent link: https://www.econbiz.de/10005496135

Methodological criticism vs. ideology and hypocrisy

Boland, Lawrence - In: Journal of Economic Methodology 10 (2003) 4, pp. 521-526

Milton Friedman's famous methodology essay is one of the most cited in economics literature. There was a time when it … was usually cited as a prime example of positivist methodology. But since the publication of my 1979 critique of the … economists, who when questioned about their views of methodology, will agree with Friedman's instrumentalism but only if Friedman …

Persistent link: https://www.econbiz.de/10005496144

Economics in the lab: Completeness vs. testability

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

Two important arguments in the methodological literature on experimental economics rely on the specification of a domain for economic theory. The first one is used by some experimenters in their skirmishes with economic theorists, and moves from the assumption that theories have (or ought to...

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

What does tacit knowledge actually explain?

Perraton, Jonathan; Tarrant, Iona - In: Journal of Economic Methodology 14 (2007) 3, pp. 353-370

The concept of tacit knowledge has come a long way from its origins in Michael Polanyi's work and its championing by Hayek and other Austrian economists. It is now widely, even routinely, cited not only in Austrian economics, but also in institutional economics work, industrial economics and...

Persistent link: https://www.econbiz.de/10005496158