The methodology of economics: or how economists explain
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Press
1992
|
| Edition: | 2. ed. |
| Series: | Cambridge surveys of economic literature
|
| Subjects: | |
| Online Access: | Publisher description Table of contents Inhaltsverzeichnis |
| Physical Description: | XXVIII, 286 S. |
| ISBN: | 0521430615 0521436788 |
Staff View
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Record in the Search Index
| _version_ | 1804138150903152640 |
|---|---|
| adam_text | The methodology of economics
OR HOW ECONOMISTS EXPLAIN
Second Edition
MARK BLAUG
Professor Emeritus
University of London
Consultant Professor
University of Buckingham
Visiting Professor
University of Exeter
CAMBRIDGE
UNIVERSITY PRESS
CONTENTS
Preface page xi
Preface to first edition xxv
Part I: What you always wanted to know about the
philosophy of science but were afraid to ask
1 From the received view to the views of Popper 3
The received view • The hypothetico-deductive model • The
symmetry thesis • Norms versus actual practice • Popper s falsifi-
cationism • A logical fallacy • The problem of induction • Immu-
nizing stratagems • Statistical inference • Degrees of corro-
boration • A central conclusion
2 From Popper to the new heterodoxy 27
Kuhn s paradigms • Methodology versus history • Scientific re-
search programs * Feyerabend s anarchism • Back to first princi-
ples * The case for methodological monism
Part II: The history of economic methodology
3 The verificationists, a largely nineteenth-century story 51
The prehistory of economic methodology • Mill s essay •
Tendency laws • Mill s Logic • Mill s economics in practice •
Caimes s Logical Method • John Neville Keynes sums up •
Robbins s Essay • Modern Austrians
4 The falsificationists, a wholly twentieth-century story 83
Ultraempiricism? • Apriorism once again • Operationalism • The
irrelevance-of-assumptions thesis • The F-twist • The Darwinian
survival mechanism * Naive versus sophisticated falsification-
vii
viii Contents
ism • Back to essentialism • Institutionalism and pattern model-
ing • The current mainstream
5 The distinction between positive and normative economics 112
Hume s guillotine • Methodological judgments versus value
judgments • Value-free social science? • A sample of the attack on
VJertfreiheit • Solutions to the impossibility of Wertfreiheit • A
brief historical sketch • Positive Paretian welfare economics • The
invisible hand theorem • The dictatorship of Paretian welfare eco-
nomics • The economist as a technocrat * Biases in assessing em-
pirical evidence
Part III: A methodological appraisal of the neoclassical
research program
6 The theory of consumer behavior 137
Introduction • Is the law of demand a law? • From indifference
to revealed preference • Empirical work on demand • The impor-
tance of Giffen goods • Lancaster s theory of characteristics
7 The theory of the firm 150
The classic defense • Situational determinism • Competitive re-
sults despite oligopoly
8 General equilibrium theory 161
Testing GE theory • A theory or a framework? • Practical rele-
vance
9 Marginal productivity theory 170
Production functions • The Hicksian theory of relative
shares • Testing marginal productivity theory
10 Switching, res witching, and all that 178
Measurement of capital • The existence of a demand function
for capital • The empirical significance of reswitching
11 The Heckscher-Ohlin theory of international trade 185
The Heckscher-Ohlin theorem • Samuelson s factor-price-
equalization theorem • The Leontief paradox • The Ohlin-
Samuelson research program • Further tests • The Heckscher-
Ohlin-Vanek theorem
12 Keynesians versus monetarists 192
Fruitless debate? • Friedman s successive versions of monetar-
ism • Friedman s theory • Phase HI of monetarism • Recovering
the message of Keynes • The rise and fall of monetarism • New
Contents ix
classical macroeconomics • Macroeconomics seen through Laka-
tosian spectacles
13 Human capital theory 206
Hard core versus protective belt • Methodological individual-
ism • The scope of the program • The screening hypothesis • A fi-
nal appraisal • Afterthoughts
14 The new economics of the family 220
Household production functions • Adhockery • Some re-
sults • Verificationism again • In retrospect
15 The rationality postulate 229
The meaning of rationality • Rationality as sacro-
sanct • Criticisms of rationality
Part IV: What have we now learned about economics?
16 Conclusions 237
The crisis of modern economics • Measurement without the-
ory • Falsificationism once again • Applied econometrics • The
best way forward
Glossary 249
Suggestions for further reading 253
Bibliography 255
Name index 275
Subject index 281
|
| adam_txt |
The methodology of economics
OR HOW ECONOMISTS EXPLAIN
Second Edition
MARK BLAUG
Professor Emeritus
University of London
Consultant Professor
University of Buckingham
Visiting Professor
University of Exeter
CAMBRIDGE
UNIVERSITY PRESS
CONTENTS
Preface page xi
Preface to first edition xxv
Part I: What you always wanted to know about the
philosophy of science but were afraid to ask
1 From the received view to the views of Popper 3
The received view • The hypothetico-deductive model • The
symmetry thesis • Norms versus actual practice • Popper's falsifi-
cationism • A logical fallacy • The problem of induction • Immu-
nizing stratagems • Statistical inference • Degrees of corro-
boration • A central conclusion
2 From Popper to the new heterodoxy 27
Kuhn's paradigms • Methodology versus history • Scientific re-
search programs * Feyerabend's anarchism • Back to first princi-
ples * The case for methodological monism
Part II: The history of economic methodology
3 The verificationists, a largely nineteenth-century story 51
The prehistory of economic methodology • Mill's essay •
Tendency laws • Mill's Logic • Mill's economics in practice •
Caimes's Logical Method • John Neville Keynes sums up •
Robbins's Essay • Modern Austrians
4 The falsificationists, a wholly twentieth-century story 83
Ultraempiricism? • Apriorism once again • Operationalism • The
irrelevance-of-assumptions thesis • The F-twist • The Darwinian
survival mechanism * Naive versus sophisticated falsification-
vii
viii Contents
ism • Back to essentialism • Institutionalism and pattern model-
ing • The current mainstream
5 The distinction between positive and normative economics 112
Hume's guillotine • Methodological judgments versus value
judgments • Value-free social science? • A sample of the attack on
VJertfreiheit • Solutions to the impossibility of Wertfreiheit • A
brief historical sketch • Positive Paretian welfare economics • The
invisible hand theorem • The dictatorship of Paretian welfare eco-
nomics • The economist as a technocrat * Biases in assessing em-
pirical evidence
Part III: A methodological appraisal of the neoclassical
research program
6 The theory of consumer behavior 137
Introduction • Is the law of demand a law? • From indifference
to revealed preference • Empirical work on demand • The impor-
tance of Giffen goods • Lancaster's theory of characteristics
7 The theory of the firm 150
The classic defense • Situational determinism • Competitive re-
sults despite oligopoly
8 General equilibrium theory 161
Testing GE theory • A theory or a framework? • Practical rele-
vance
9 Marginal productivity theory 170
Production functions • The Hicksian theory of relative
shares • Testing marginal productivity theory
10 Switching, res witching, and all that 178
Measurement of capital • The existence of a demand function
for capital • The empirical significance of reswitching
11 The Heckscher-Ohlin theory of international trade 185
The Heckscher-Ohlin theorem • Samuelson's factor-price-
equalization theorem • The Leontief paradox • The Ohlin-
Samuelson research program • Further tests • The Heckscher-
Ohlin-Vanek theorem
12 Keynesians versus monetarists 192
Fruitless debate? • Friedman's successive versions of monetar-
ism • Friedman's theory • Phase HI of monetarism • Recovering
the message of Keynes • The rise and fall of monetarism • New
Contents ix
classical macroeconomics • Macroeconomics seen through Laka-
tosian spectacles
13 Human capital theory 206
Hard core versus protective belt • Methodological individual-
ism • The scope of the program • The screening hypothesis • A fi-
nal appraisal • Afterthoughts
14 The new economics of the family 220
Household production functions • Adhockery • Some re-
sults • Verificationism again • In retrospect
15 The rationality postulate 229
The meaning of rationality • Rationality as sacro-
sanct • Criticisms of rationality
Part IV: What have we now learned about economics?
16 Conclusions 237
The crisis of modern economics • Measurement without the-
ory • Falsificationism once again • Applied econometrics • The
best way forward
Glossary 249
Suggestions for further reading 253
Bibliography 255
Name index 275
Subject index 281 |
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| spelling | Blaug, Mark 1927-2011 Verfasser (DE-588)119080117 aut The methodology of economics or how economists explain Mark Blaug 2. ed. Cambridge [u.a.] Cambridge Univ. Press 1992 XXVIII, 286 S. txt rdacontent n rdamedia nc rdacarrier Cambridge surveys of economic literature Wirtschaft Economics -- Methodology Methodologie (DE-588)4139716-2 gnd rswk-swf Wirtschaftswissenschaften (DE-588)4066528-8 gnd rswk-swf Forschungsmethode (DE-588)4155046-8 gnd rswk-swf Wirtschaftswissenschaften (DE-588)4066528-8 s Methodologie (DE-588)4139716-2 s DE-604 Forschungsmethode (DE-588)4155046-8 s 1\p DE-604 http://www.loc.gov/catdir/description/cam025/92004375.html Publisher description http://www.loc.gov/catdir/toc/cam028/92004375.html Table of contents HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016834201&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Blaug, Mark 1927-2011 The methodology of economics or how economists explain Wirtschaft Economics -- Methodology Methodologie (DE-588)4139716-2 gnd Wirtschaftswissenschaften (DE-588)4066528-8 gnd Forschungsmethode (DE-588)4155046-8 gnd |
| subject_GND | (DE-588)4139716-2 (DE-588)4066528-8 (DE-588)4155046-8 |
| title | The methodology of economics or how economists explain |
| title_auth | The methodology of economics or how economists explain |
| title_exact_search | The methodology of economics or how economists explain |
| title_exact_search_txtP | The methodology of economics or how economists explain |
| title_full | The methodology of economics or how economists explain Mark Blaug |
| title_fullStr | The methodology of economics or how economists explain Mark Blaug |
| title_full_unstemmed | The methodology of economics or how economists explain Mark Blaug |
| title_short | The methodology of economics |
| title_sort | the methodology of economics or how economists explain |
| title_sub | or how economists explain |
| topic | Wirtschaft Economics -- Methodology Methodologie (DE-588)4139716-2 gnd Wirtschaftswissenschaften (DE-588)4066528-8 gnd Forschungsmethode (DE-588)4155046-8 gnd |
| topic_facet | Wirtschaft Economics -- Methodology Methodologie Wirtschaftswissenschaften Forschungsmethode |
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