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Appraising Economic Theories

Studies in the Methodology of Research Programs

Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 1st Jan 1991
Dimensions: w 234mm h 156mm d 38mm
Weight: 961g
ISBN-10: 1852785152
ISBN-13: 9781852785154
Barcode No: 9781852785154
The methodology of economics has long been dominated by the writings of Karl Popper and Imre Lakatos, two outstanding philosophers of science in the post-war period. This major new book focuses on the application of Lakatosian principles of appraisal to modern economics. An international group of distinguished economists have applied Lakatos's methodology of scientific research programs to a variety of economic theories, such as game theory, demand theory, consumption analysis, job search theory, equilibrium unemployment theory, the new classical macroeconomics, experimental economics, Austrian economics, Walrasian stability analysis and Sraffian economics. The introduction and afterword by the editors place the papers in the context of the recent rapidly evolving methodological controversy in economics. Taken as a whole, the book makes a powerful statement of the case for assessing rival economic theories with the aid of an explicit philosophy of science.

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`. . . everyone with a serious interest in economic methodology will want to read the many fine papers it contains.' -- Daniel M. Hausman, Methodus `There is no doubt that this major collection. . . . represents an important addition to the recent literature on economic methodology. . . . It is to be warmly recommended as a volume deserving to become compulsory reading for all scholars (and students) interested in economic methodology. . . ' -- Andrea Salanti, The Economic Journal