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The rational expectations hypothesis (REH) is the standard approach to expectations formation in macroeconomics. We discuss its compatibility with two strands of Karl Popper´s philosophy: his theory of knowledge and learning, and his "rationality principle" (RP). First, we show that the REH is...
Persistent link: https://www.econbiz.de/10013060421
I argue that economists have reasons internal to the way that evidence works in the sciences to re-discover the importance of the history of their own discipline. For it is a constitutive element of science - here conceived as an ongoing research practice (as opposed to as an explanatory...
Persistent link: https://www.econbiz.de/10012733284
The rational expectations hypothesis (REH) is the standard approach to expectations formation in macroeconomics. We discuss its compatibility with two strands of Karl Popper's philosophy: his theory of knowledge and learning, and his "rationality principle" (RP). First, we show that the REH is...
Persistent link: https://www.econbiz.de/10014149542
Persistent link: https://www.econbiz.de/10010342092
Persistent link: https://www.econbiz.de/10012181938
1. Understanding, Explaining and Knowing -- Part 1: Knowledge as classification, judgment, mensuration -- 2. Problems … ambiguity -- 12. Understanding Complex Phenomena -- 13. The Resolution of Surface and Deep Structure Ambiguity -- Part 5: The … Constraints -- Part 6: Appendix: The Abject Failure of Traditional Philosophy to Understand Epistemology -- 15. Induction is an …
Persistent link: https://www.econbiz.de/10013504641
The very diversity of cultures impels the economist to respect a principle of modesty when it comes to specifying the degree of universality to which the science of economics can lay claim. In considering this issue, this paper: a) criticizes the ambition of certain forms of economic thought to...
Persistent link: https://www.econbiz.de/10010752114
Marx's critique of Hegel is used to derive a demarcation criterion that sharply separates scientific knowledge from ideology, and interprets Hegelian methodology as fundamentally ideological. Economic theory is considered according to this demarcation criterion, and the paper argues that...
Persistent link: https://www.econbiz.de/10014181593
Building on an overview of various kinds of dual systems/process theories in psychology and economics, the paper proceeds with a methodological assessment in terms of the mechanistic or constitutive explanations framework that has gained prominence in philosophy of science recently, especially...
Persistent link: https://www.econbiz.de/10014118492
manner, how their intersections and how they can be useful to better understand the epistemology of Economics. …
Persistent link: https://www.econbiz.de/10014418082