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Econometrics labours under the same limitations as economics: it rests on unrealistic hypotheses (and non … art for art’s sake: econometrics becomes abstract mathematisation.  …
Persistent link: https://www.econbiz.de/10014862948
Purpose – The purpose of this paper is to explore extant distinctions between plausibility and probability in scenario …. Design/methodology/approach – The paper surveys the history of both terms in both the English language and more narrowly …
Persistent link: https://www.econbiz.de/10014743657
Describes the methodological ideas of Eucken and points to the actual significance of them. Eucken is, in his thinking on philosophical and methodological problems, related to Husserl. The theory of the economic order ( Ordnungs‐theorie ) is interdisciplinary. All kinds of modern directions in...
Persistent link: https://www.econbiz.de/10014863449
According to a widely accepted view, the Methodenstreit between the historical and Austrian school was the result of misunderstandings. Argues that it was rather the outcome of different solutions to genuine philosophical and methodological problems, in particular to a demarcation problem....
Persistent link: https://www.econbiz.de/10014863881
Outlines the difference between the attitude of Menger and that of Böhm‐Bawerk to Roscher′s economic system. Argues that this difference symbolizes the difference in their theoretical contributions in the field of interest theory. Contrasts Menger′s use of theoretic assumption with...
Persistent link: https://www.econbiz.de/10014863884
Investigates the economic methodologies of Carl Menger, William Stanley Jevons and Gustav Schmoller with respect to the issue of whether mathematics is or is not an adequate language to express economic relationships. First, Menger’s and Jevons’s respective methodologies are identified as...
Persistent link: https://www.econbiz.de/10014862958
Many of the early debates about economic methodology, marginalism versus discontinuous change, stasis versus turbulence …, co‐operation versus competition, were at base questions of general scientific methodology. During the past 20 years or so … analyse some past controversies in economic methodology in the light of recent developments in evolutionary biology.  …
Persistent link: https://www.econbiz.de/10014806749
Economics, as one of the cultural and historical sciences, is responsible for the investigation of the meaningful relation between the whole and the parts, based on organic linking and not on the mechanical‐causal relationship. The relevant contributions of the leading holistic school of...
Persistent link: https://www.econbiz.de/10014806753
Contrasts the methodologies and policy implications of the respective theories of John Maynard Keynes and Alvin Hansen. Keynes used a rationalistic epistemology and deductive logic to deduce a pure theory of employment which implied that monetary policy would be an appropriate remedy for...
Persistent link: https://www.econbiz.de/10014806001
methodology.  …
Persistent link: https://www.econbiz.de/10014806004