Institutionalist economists have always been criticizing the neoclassical way of studying the economy, especially because of its obsession to a very strict and flawed formalism. This formalism receives critique also from advocates of agent-based computational economic (ACE) models. The criticism...

Boldizzoni's attempted resurrection of a realist, non-abstract, historical approach to economic history is learned, rhetorically rich, and largely persuasive but lacks some crucial dimensions. The continuing dominance of orthodoxy in ‘official’ economic history after the institutionalist...

This paper assesses Joseph Schumpeter's agenda for the integration of theory and history. On the basis of a critical realist conception of the nature of historical theory it is argued that Schumpeter's aims are at odds with his analytical strategy: his implicit ontology cannot be reconciled with...

An adequate conceptualization and measurement of unemployment should express the reality of employment. Designing theoretical concepts that adequately express reality requires appropriate methodological foundations. This paper uses critical realism to demonstrate that the deductive method...

Ecological economics has been repeatedly described as transdisciplinary and open to including everything from positivism to relativism. I argue for a revision and rejection of this position in favour of realism and reasoned critique. Looking into the ontological presuppositions and considering...

Ecological economics has been repeatedly described as transdiciplinary and open to including everything from positivism to relativism. I argue for a revision and rejection of this position in favour of realism and reasoned critique. Looking into the ontological presuppositions and considering an...