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This paper examines the implications of Chicago School economist Edward Lazear's 2000 defense of economics imperialism … operating in a contrary way. I argue that the solution to this dilemma was for neoclassicism to rebuild economics imperialism … sciences can have transformative effects on one another. This latter conception can be associated with a complexity economics …
Persistent link: https://www.econbiz.de/10013013048
role of theory in economics and in recent economic events is considered in light of two recent books: the sociologist … Economics" …
Persistent link: https://www.econbiz.de/10013003038
biology and extending itself to others areas. In light of the origins and main characteristics of the evolutionary economics …, this article discusses whether it is possible to recognize the emergence of a new paradigm in economics. The evidences …
Persistent link: https://www.econbiz.de/10014133287
role of theory in economics and in recent economic events is considered in light of two recen t books: the sociologist … Economics. …
Persistent link: https://www.econbiz.de/10011600520
Milton Friedman is usually regarded as an instrumentalist on the basis of his infamous claim that economic theories are to be judged by their predictions and not by the realism of their assumptions. This interpretation sits oddly with Friedman's empirical work - e.g., Friedman and Schwartz''s...
Persistent link: https://www.econbiz.de/10012727084
matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …
Persistent link: https://www.econbiz.de/10012949113
The history of modern economics abounds with pleas for more pluralism as well as pleas for more unification. These seem … particular, Samuelson's Foundations is invariably presented as a key text in the unification of modern economics during the … derivational unification was pluralist in spirit: not to narrow scientific economics into one single theory, but rather to allow …
Persistent link: https://www.econbiz.de/10012823640
Pluralism in economics appears to be a double-edged sword: we need more than one theory to grasp and explain the entire …
Persistent link: https://www.econbiz.de/10012251920
This paper considers the role of theory in our understanding of economic phenomena. While theoretical findings are sometimes claimed to have direct, real world relevance, this is based on rhetoric rather than logic. Theory can and has been considered as analogy, metaphor or framing. These...
Persistent link: https://www.econbiz.de/10013117922
Economics as a discipline is currently in disarray. In the aftermath of the global financial crisis, academic experts …, students, commentators, practitioners and politicians all questioned the status of academic economics and many called for a … teaching. Furthermore, economic policy based on mainstream economics is still prevalent. It is therefore necessary to consider …
Persistent link: https://www.econbiz.de/10011799756