Models and Reality in EconomicsThis work addresses philosophy in economics and the conduct of inquiry into economics (What do economists do, and what is economics about?). It opens with a discussion of the work of McCloskey and rhetorical approaches to understanding economics, going on to ask, Is economics a science'. |
Contents
Economics and Predictive Empiricism | 30 |
Economics and Scientific Laws | 55 |
Is Economics a Galilean Science? | 99 |
Copyright | |
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Common terms and phrases
abstractionist defence Alexander Rosenberg answer applied model approach to economics argument axioms behaviour causal explanations ceteris paribus clauses Chapter claim conception of economic conceptual problems consumer consumer-voters counterfactual conditionals describe discipline disconfirmed econometrics economic metatheory economic methodology economic models economic theory economists empirical empiricism equilibrium theory evidence example explanation by concept explanation-what false firm fundamental laws global statements global theory Hausman hedged laws hypothesis hypothetical objects ideal hypotheses idealizing assumptions italics in original J.S. Mill Laudan law of demand lawlike generalization view McCloskey McCloskey's method mini-theories modal view naturalism about economics neoclassical microeconomics partial representation passage Paul Samuelson perfect competition perfect information philosophical predictive empiricism predictive success qualified question real world individuals real world situation rhetorical conception rhetorical devices Rosenberg says scientific laws sense social constructivism structuralist view term theoretical model theory-independent Tiebout model true truth vague ceteris paribus variables view of economic