Mainstream economics has been running the gauntlet of adverse criticism for decades. These critiques claim as a message of central importance that mainstream economics has lost its relevance as for understanding reality. By making a brief comparison between the methodological strategies of the...

In this tiny paper, a possible framework for a structuralist analysis of modern business-cycle theory is considered. In order to respond to the debates around the realist and instrumentalist interpretations of the works of Friedman I will provide a framework in which the tension between the...

This paper provides a look into what Lucas meant by the term 'analogue systems' and how he conceived making them useful. It is argued that any model can be regarded as an analogue system provided it has remarkable predictive success. The term is thus neutral in terms of usefulness. To be useful,...

Through this paper I try to join the lively debate around mainstream economics with a view to calling attention to some methodological aspects. It is aimed at outlining an interpretation based on Max Weber's traditional neoclassical methodology that can help us to find the adequate territory of...

A medium level price index that regards an easily definable group of economic agents is to set out in this paper starting from the well-known methodological problems of measuring inflation. The local government price index is derived from other price indices published by the Hungarian Central...

This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. The second dimension appears in a historical context, since none of the new classical doctrines can be analyzed...

Michel De Vroey, professor emeritus of Université Catholique de Louvain, hardly needs to be presented to the readers interested in the history of modern macroeconomics. The researcher, who has risen to fame as the visiting professor of some high-flying universities, including Sorbonne of Paris...

Correlations between the performance of real economy and the budget position of the central government have been a key area of methodological research for decades. The related concepts focus on the recognition that the same budget may equally result in a surplus or a deficit depending on what...

Mainstream economics has been running the gauntlet of adverse criticism for decades. These critiques claim as a message of central importance that mainstream economics has lost its relevance as for understanding reality. By making a brief comparison between the methodological strategies of the...

Through this paper I try to join the lively debate around mainstream economics with a view to calling attention to some methodological aspects. It is aimed at outlining an interpretation based on Max Weber's traditional neoclassical methodology that can help us to find the adequate territory of...