Showing 1 - 9 of 9
the truth of their assumptions. Unrealistic assumptions are frequently imposed because the effects are taken to be …
Persistent link: https://www.econbiz.de/10005496162
comparison of the relative costs associated with each strategy. The classical discussion about the 'realism of assumptions' in …
Persistent link: https://www.econbiz.de/10009215341
The models Feldstein and Rothschild, on the hand, and Jorgenson on the other adopted in 1974 to highlight the replacement ratio are identical. Yet, the authors reached opposite conclusions and the latter's view prevailed, which is weaker in terms of theoretical and empirical foundations. This...
Persistent link: https://www.econbiz.de/10009219436
critics of his essay, almost everyone now recognizes his essay as a prime example of what I called instrumentalism. Most … economists, who when questioned about their views of methodology, will agree with Friedman's instrumentalism but only if Friedman …'s name is not mentioned. But many of those same economists will claim to disagree with instrumentalism when it is explicitly …
Persistent link: https://www.econbiz.de/10005496144
Exposition and defense of postmodernism in regards to epistemology and language in economics. Centers on truth versus … tools and truth versus story while emphasizing social constructivism, methodological pluralism, and multiplicity of truth …. Affirms quest for confident knowledge but emphasizes limitations with regard to results understood as truth. Defends and puts …
Persistent link: https://www.econbiz.de/10009219393
It is argued that rather than a well defined F-Twist, Milton Friedman's 'Methodology of positive economics' offers an F-Mix: a pool of ambiguous and inconsistent ingredients that can be used for putting together a number of different methodological positions. This concerns issues such as the...
Persistent link: https://www.econbiz.de/10005282261
This paper focuses on economists' aspirations to apprehend the reality of the economy that they seek to study, while economic processes are largely beyond the boundaries of perception. It is recognized that engaging in dialogue with each other and with policymakers forces economists into...
Persistent link: https://www.econbiz.de/10005462928
This paper investigates the varieties of reductionism and realism about causal relations in macroeconometrics. There … is argued that there is a continuum of possible positions between realism and reductionism for both the questions, but …
Persistent link: https://www.econbiz.de/10005282245
inseparable from predominant social activities contra critical realism. For example, the predominance of commodity exchange … alternative analyses to critical realism of event regularities ('closures'), of 'depth', and of 'tendencies'. …
Persistent link: https://www.econbiz.de/10005640108