The principal aim of this paper is to explore the possibility of applying van Fraassen’s constructive empiricism to the contemporary debate on the methodology of economics. The authors argue that constructive empiricism supplies a novel and challenging framework which takes this debate...

In recent years the methodological status of the neoclassical maximisation hypothesis has been subjected to criticism from a number of different sources. These have included criticisms from the Austrian subjectivist school based on the work of Hayek and Shackle along with empirical criticisms...