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Coase 1930 endures through the decades as one of the most-cited papers in economics due to the fact that it highlights a fundamental and equally enduring problem: "Economic theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have...
Persistent link: https://www.econbiz.de/10005260243
Persistent link: https://www.econbiz.de/10009396507
Two abstract and computational models of the long-term process of science are proposed: AMS and HAMS. An outline specification of each model is given and the relationship between them explained. AMS takes an Olympian (\"artificial world\") view of science and its processes. HAMS is simpler and...
Persistent link: https://www.econbiz.de/10009358520
The extinction of polar bears by the end of the 21st century has been predicted and calls have been made to list them as a threatened species under the U.S. Endangered Species Act. The decision on whether or not to list rests upon forecasts of what will happen to the bears over the 21st Century....
Persistent link: https://www.econbiz.de/10005836045
This essay examines the role of data and program-code archives in making economic research 'replicable.' Replication of published results is recognized as an essential part of the scientific method. Yet, historically, both the 'demand for' and 'supply of' replicable results in economics has been...
Persistent link: https://www.econbiz.de/10005462985
The eighteenth-century introduction of the scientific method of the natural sciences to the study of social phenomena draws a line between moral philosophy Ethat aspect of ancient and medieval philosophy that dealt with social issues Eand the social sciences as known today. From the onset, the...
Persistent link: https://www.econbiz.de/10005412537
This paper introduces Karl Popper's approach to problem solving in the social sciences. These methods fundamentally represent the scientific method of the natural sciences. Popper's problem solving technique is outlined in six steps, including an introductory treatment of his solution to Hume's...
Persistent link: https://www.econbiz.de/10005621798
In reply to Graham, Johnson and Schnabel (1977), we point out that they have raised a relatively difficult question in scientific method. Provided our earlier work is accepted as operating in the context of the two-period model, we reassert that it revealed no anomalous evidence.
Persistent link: https://www.econbiz.de/10010769565
Green and Shapiro have argued that rational choice theory has produced virtually no new propositions about politics that have been carefully tested and not found wanting; and that an empirically successful rational choice theory would be no more universal than the middle-level theories that they...
Persistent link: https://www.econbiz.de/10010778058
The goal of the article is development of conceptual and theoretical grounds of the scientific method of the economic theory and also analysis of its essential characteristics and functional specific features. In order to clarify the essence of the scientific method, the article analyses and...
Persistent link: https://www.econbiz.de/10010713938