The Inexact and Separate Science of Economics
- Author: Daniel M. Hausman, University of Wisconsin, Madison
- Date Published: February 1992
- availability: Temporarily unavailable - available from TBC
- format: Paperback
- isbn: 9780521425230
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This book offers a comprehensive overview of the structure, strategy and methods of assessment of orthodox theoretical economics. In Part I Professor Hausman explains how economists theorise, emphasising the essential underlying commitment of economists to a vision of economics as a separate science. In Part II he defends the view that the basic axioms of economics are 'inexact' since they deal only with the 'major' causes; unlike most writers on economic methodology, the author argues that it is the rules that economists espouse rather than their practice that is at fault. Part III links the conception of economics as a separate science to the fact that economic theories offer reasons and justifications for human actions, not just their causes. With its lengthy appendix introducing relevant issues in philosophy of science, this book is a major addition to philosophy of economics and of social science.
Read more- One of the most important books to appear in economic philosophy/economic methodology
- Daniel M. Hausman is a leading authority in the field, and co-editor of the Cambridge journal Economics and Philosophy
- Includes numerous case studies illustrating the author's arguments
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×Product details
- Date Published: February 1992
- format: Paperback
- isbn: 9780521425230
- length: 388 pages
- dimensions: 227 x 150 x 21 mm
- weight: 0.539kg
- contains: 8 b/w illus.
- availability: Temporarily unavailable - available from TBC
Table of Contents
List of figures
Introduction
Part I. Introduction, Structure and Strategy:
1. Rationality and utility theory
2. Demand and consumer choice
3. The theory of the firm and general equilibrium
4. Equilibrium theory and economic welfare
5. Models and theories in economics
6. The structure and strategy of economics
7. Overlapping generations: a case study
Part II. Theory Assessment:
8. Inexactness in economic theory
9. Methodological revolution
10. Karl Popper and falsificationism in economics
11. Imre Lakatos and economic methodology
12. Economics as an inexact and separate science
13. On dogmatism in economics: the case of preference reversals
Part III. Conclusion:
14. Economic methodology
15 Conclusions
Appendix: an introduction to philosophy of science
Bibliography
Index.
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