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The role of first principles in economics is examined through the lens of dominant methodological approaches of the classical and neoclassical periods. First principles are most clearly displayed in pure deductive systems. The tension between first principles as the basis for deductivist...
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Economics needs a set of agreed facts to create a scientific economic paradigm, without which economics remains trapped in the rationalist-scholastic tradition with many rival schools of conflicting theories. Physics and other natural sciences are shown in this paper to be based on an empiricism...
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The present essay investigates F.A. Hayek's epistemology and his methodology of sciences of complex phenomena for …
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The paper contends that neoclassical ideology stems, to a great extent, from mathematical analysis. It is suggested that mainstream economic thought can be comprehensively revisited if both histories of mathematical and economic thought are to be taken collaboratively into account. Ideology is...
Persistent link: https://www.econbiz.de/10012617505
In this review essay of Medema's and Waterman's collection of some of Samuelson's writings in the history of economics, the author argues that Samuelson's claim to have written "Whig History" is spurious. Moreover the author argues that Samuelson's own writings on modern economics are , whether...
Persistent link: https://www.econbiz.de/10011600526
Over the past twenty-five years the Duke history of economics faculty, together with the collection development librarians in the David M. Rubenstein Rare Book and Manuscript Library, have been gathering the papers of notable (mostly) twentieth century economists in what is now called The...
Persistent link: https://www.econbiz.de/10011617485