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a theory disregarded because of an apparent disconfirmation. In economics there is, broadly speaking, nothing like a … use of mathematics, the relationship between economic theory and applied economics as well as other methodological issues …The aim of this article is to review some central ideas on economic methodology. Many people doubt whether economics …
Persistent link: https://www.econbiz.de/10013213731
methodology of Law and Economics. We start by discussing the mainstream economic approach to law, including the topics of … rationality, the use of (sometimes unrealistic) assumptions, the distinction between positive and normative Law and Economics … costs. Next we discuss insights from Behavioural Law and Economics and in our conclusion state why Law and Economics is …
Persistent link: https://www.econbiz.de/10014158414
in nature. Moreover, while drawing on the history of economics and the history of physics, I argue that the history of a … the history of economics and economic history. I distinguish my approach from two closely related positions that emphasize … learning from the past for scientific purposes. In my conclusion, I argue that that if economics departments continue to …
Persistent link: https://www.econbiz.de/10012733284
This chapter examines the nature of ethics and economics as a single subject of investigation, and uses a complex … economics as a single subject of investigation …
Persistent link: https://www.econbiz.de/10014114234
judge heterodox economics, and the relationship of ideology and economic theory, are also raised by these criticisms as well …The renowned institutionalist Geoffrey Hodgson has claimed inter alia that heterodox economics has failed to define its … strategies: the creation of heterodox economics academic departments; for heterodox economists to enter non-economics academic …
Persistent link: https://www.econbiz.de/10012156265
, a little progress has been made in developing theory of Islamic economics. The paper proposes a methodology for making a …Islamic economics has its roots in the divine sources of Islam. Despite a respectable body of literature on the subject …. The paper argues that the Muslim economists can proceed toward developing theory by translating human understanding of the …
Persistent link: https://www.econbiz.de/10012935766
would be the first step toward building a theory of Islamic economics. The next step would be testing of the hypotheses and … paper as well the previous one was that the Muslim economists, if they are serious about developing Islamic economics as a … Islamic economics, which could be called a social science, would develop. The previous paper presented examples of 15 …
Persistent link: https://www.econbiz.de/10012985635
This paper examines the implications of Chicago School economist Edward Lazear's 2000 defense of economics imperialism … using standard trade theory. It associates that defense with interdisciplinarity or the idea that the sciences are … operating in a contrary way. I argue that the solution to this dilemma was for neoclassicism to rebuild economics imperialism …
Persistent link: https://www.econbiz.de/10013013048
. Thus two methodological strands in economics disagree with each other: the objectivistic approach favors the methods of … adequately, then both rational choice theory and bounded rationality theories become compatible, as they differ in their degrees …
Persistent link: https://www.econbiz.de/10013076818
My purpose is to appraise the recent critique of theoretical economics by applying the methodological perspective …. Therefore, I start by identifying the main lines of criticism raised against theoretical economics in the aftermath of the post …-2008 global economic crisis: namely, the voices criticizing economics for its unrealistic models, excessive mathematization …
Persistent link: https://www.econbiz.de/10012995221