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Does economic theory need more evidence? A balancing of arguments

Anand, Paul - In: Journal of Economic Methodology 10 (2003) 4, pp. 441-463

This article seeks to provide a characterization of theory prevalent in economics and found in many areas of social and natural science, particularly those that make increasing use of rational choice perspectives. Four kinds of theoretical project are identified in which empirical evidence plays...

Persistent link: https://www.econbiz.de/10005282260

The rhetoric of policy relevance in international economics

Milberg, William - In: Journal of Economic Methodology 3 (1996) 2, pp. 237-259

This paper addresses the link between the generation of economic knowledge and economic policy conclusions. Focusing on the case of research in international trade, It establishes a taxonomy of rhetorical practices used to make such a link. The flexibility observed in these practices contrasts...

Persistent link: https://www.econbiz.de/10009215379

Vague language and precise measurement: the case of poverty

Qizilbash, Mozaffar - In: Journal of Economic Methodology 10 (2001) 1, pp. 41-58

Economists have often attempted precise measurement of phenomena which involve vague predicates. Difficulties emerge in such attempts if vagueness is not explicitly acknowledged at the methodological level. In this paper, various accounts of vague concepts are used to think about the economics...

Persistent link: https://www.econbiz.de/10009215384

Interpersonal comparisons of utility: positive, normative or value-laden?

Rosenbaum, Eckehard - In: Journal of Economic Methodology 2 (1995) 2, pp. 239-258

The paper examines whether interpersonal comparisons of utility have to be interpreted as positive, normative or value-laden. It suggests first that recent arguments advanced by John Davis which appeal to the functional role of utility comparisons neither suffice to characterise utility...

Persistent link: https://www.econbiz.de/10009219361

Feminist economics: an Austrian perspective

Horwitz, Steven - In: Journal of Economic Methodology 2 (1995) 2, pp. 259-280

This paper attempts to assess the recent literature on feminist economics from the perspective of modern Austrian economics. Feminists and Austrians share many epistemological and methodological criticisms of neoclassical theory, although Austrians have never linked those criticisms to gender....

Persistent link: https://www.econbiz.de/10009219367

Is Milton Friedman an artist or a scientist?

Colander, David - In: Journal of Economic Methodology 2 (1995) 1, pp. 105-122

Most economists will agree that Milton Friedman is a brilliant economist. Yet, the majority assessment is that his work is ideologically flawed, and that the Marshallian economics he advocates has been superseded by Walrasian economics. In this paper I argue that the reason for this negative...

Persistent link: https://www.econbiz.de/10009219370

Acceptance of unsupported claims about reality: a blind spot in economics

Rogeberg, Ole; Melberg, Hans Olav - In: Journal of Economic Methodology 18 (2011) 1, pp. 29-52

Do economists accept absurd and unsupported claims about reality, and if so, why? We define four types of claims commonly made in economics that require different types of evidence, and show examples of each from the rational addiction literature. Claims about real world causal mechanisms and...

Persistent link: https://www.econbiz.de/10009219402

The methodology of macroeconomics

Backhouse, Roger; Salanti, Andrea - In: Journal of Economic Methodology 6 (1999) 2, pp. 159-169

This paper outlines some of the main methodological issues to arise in macroeconomics, making the case that the methodological issues arising in macroeconomics are just as important as those arising in microeconomics and that they merit more attention. Focusing on the symposium to which it forms...

Persistent link: https://www.econbiz.de/10009219470

Exploring different visions of the model-empirics nexus: Solow versus Lipsey

Goldfarb, Robert; Ratner, Jonathan - In: Journal of Economic Methodology 16 (2009) 2, pp. 159-174

Does empirical work in economics both provoke and test theoretical models, or does model development proceed according to a theory-oriented research program, with little interaction with empirics? Robert Solow and Richard Lipsey have articulated different visions of this relationship. This...

Persistent link: https://www.econbiz.de/10004966915

Pragmatic methodology: a sketch, with applications to transaction cost economics

Williamson, Oliver - In: Journal of Economic Methodology 16 (2009) 2, pp. 145-157

I address the topic of pragmatic methodology as a practitioner in applied microeconomics who has been working in the … still nascent field of the 'economics of organization'. My purpose is both to make explicit the methodology out of which … will develop in the process, maybe even a consensus. At a minimum, it will be useful to have each implicit methodology made …

Persistent link: https://www.econbiz.de/10004966921