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economics and reality. More precisely, it asks how reality in the form empirical evidence does or does not influence economic … from general to specific. For the general perspective, I examine the following four points of view. First, economics is a … science. Second, economics is an art. Third, economics is a competition. Forth, economics politics. I then examine four …
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This paper argues that history of economics has a fruitful, underappreciated role to play in the development of … economics, especially when understood as a policy science. This goes against the grain of the last half century during which … economics, which has undergone a formal revolution, has distanced itself from its ‘literary' past and practices precisely with …
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The financial crisis has fuelled a heated debate about the responsibility of financial economists. Critics such as Paul Krugman, Robert Shiller or David Colander argue that financial economists have developed useless or even harmful theories. This is an important debate, but it suffers from the...
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