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Marshall, who plays an outsized role in Friedman’s self-conception of economics and economic theory. I also show that Stigler …
Persistent link: https://www.econbiz.de/10014196420
It is argued that Schumpeter's widely accepted judgment that Pareto's work is "completely rooted in Walras's system" constitutes a misreading of Pareto. In fact, already during the period 1892-1900, Pareto traces the methodological outlines of an economic science profoundly different from that...
Persistent link: https://www.econbiz.de/10014074469
Following up on the suggestions of Adolph Lowe, the paper investigates the potential contribution of pragmaticist philosopher Charles Sanders Peirce's concept of "retroduction" (and especially Norwood Hanson's elaborations of that concept), mathematician George Polya's work on heuristics,...
Persistent link: https://www.econbiz.de/10014066900
Following up on the suggestions of Adolph Lowe, the paper investigates the potential contribution of pragmaticist philosopher Charles Sanders Peirce's concept of "retroduction" (and especially Norwood Hanson's elaborations of that concept), mathematician George Polya's work on heuristics,...
Persistent link: https://www.econbiz.de/10014069424
Market behavior is the central topic of economics. Yet while economists have a good understanding of the behavior of well-functioning markets, we have little to say about market fragility, market resiliency, and market collapse. Research emerging at the frontier between computer science and...
Persistent link: https://www.econbiz.de/10014179975
provide workable solutions for real problems. Empirical research in economics is not free from this problem, because theory … influence theory. It has maybe by now become clear that this essay aims at sketching a framework for research and theory. My aim … economics. The idea to give a remedy for the seeming separation between economic theory and reality. This is a necessity for a …
Persistent link: https://www.econbiz.de/10014045340
The paper examines two conflicting views that have emerged within the recent methodological literature regarding the relationship between Friedman's famous essay and the formalist revolution. I focus on three influential contributions to this ongoing debate: Mark Blaug, Terence Hutchison, and...
Persistent link: https://www.econbiz.de/10014049364
Persistent link: https://www.econbiz.de/10014136881
, and 2) that by Mises's own theory, standard economic propositions are not a priori propositions …
Persistent link: https://www.econbiz.de/10014136883
The contribution of economic analysis to the study of transformations is complicated by difficulties concerning both subject matter and method. The subject may be a grand social transformation or it may be a transformation of a more narrowly defined economic system. The method may be derived...
Persistent link: https://www.econbiz.de/10014140842