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There has been considerable discussion lately of the concept of open systems, which has revealed that different participants are using the terms 'openness' and 'closure' in different ways. The purpose of this paper is to address issues of meaning that arise in this particular discourse, with a...
Persistent link: https://www.econbiz.de/10005462931
In my 1983 book, Macroeconomics after Keynes, I claimed that much that was original in Keynes was to be found not at the level of theory but in his method. Shortly afterwards, Sheila Dow's book Macroeconomic Thought (1985) introduced those of us who are not specialist methodologists to what she...
Persistent link: https://www.econbiz.de/10005462997
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The purpose of the paper is to explore the potential for using fuzzy logic to analyse economic decision-making under Keynesian uncertainty, and in particular in circumstances where variety of opinion is important. Fuzzy logic is shown to apply where expectations may differ because the nature of...
Persistent link: https://www.econbiz.de/10004966912
The purpose of this paper is to consider how far the notion of schools of thought is compatible with methodological pluralism. Should economics instead be categorised simply as pluralist or non-pluralist? The notion of structured pluralism is developed, where categories, connections and...
Persistent link: https://www.econbiz.de/10005496134
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