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Robert Lowe and the role of the vulgar economist in the English Methodenstreit

Moore, G. C. G. - In: Journal of Economic Methodology 3 (1996) 1, pp. 69-90

Robert Lowe, later Viscount Sherbrooke, played an important role in the late-Victorian methodological debate between the orthodox and historical economists known as the English Methodenstreit. Lowe adhered to a particularly narrow and immoderate version of the orthodox conceptual framework, and...

Persistent link: https://www.econbiz.de/10005462939

Equilibrium and time: Marshall's dilemma

Hart, Neil - In: Journal of Economic Methodology 3 (1996) 2, pp. 285-306

The neglect and misinterpretation of Marshall's treatment of time led many of his followers and critics to overlook the significance of the qualifications and criticisms of equilibrium analysis in his Principles. This misinterpretation arises from a failure to fully understand the purpose and...

Persistent link: https://www.econbiz.de/10005462956

Theory, method and mode of thought in Keynes's General Theory

Chick, Victoria - In: Journal of Economic Methodology 10 (2003) 3, pp. 307-327

In my 1983 book, Macroeconomics after Keynes, I claimed that much that was original in Keynes was to be found not at the level of theory but in his method. Shortly afterwards, Sheila Dow's book Macroeconomic Thought (1985) introduced those of us who are not specialist methodologists to what she...

Persistent link: https://www.econbiz.de/10005462997

Successes and failures in the transformation of economics

Lipsey, Richard - In: Journal of Economic Methodology 8 (2001) 2, pp. 169-201

While acknowledging the successes of modern economics, this paper concentrates on some shortcomings. Many are traced to a single source: the great insights of economics are all qualitative. Economics does not have a theoretical structure that is tightly related to a rich body of data and those...

Persistent link: https://www.econbiz.de/10005496091

Persuasion: Reflections on economics, data, and the 'homogeneity assumption'

Fforde, Adam - In: Journal of Economic Methodology 12 (2005) 1, pp. 63-91

gender and culture. The paper argues that a central issue in economic methodology and pedagogy should be, as North implicitly …

Persistent link: https://www.econbiz.de/10005496094

A positivist tradition in early demand theory

Serrano, David Teira - In: Journal of Economic Methodology 13 (2006) 1, pp. 25-47

In this paper I explore a positivist methodological tradition in early demand theory, as exemplified by several common traits that I draw from the works of V. Pareto, H. L. Moore and H. Schultz. Assuming a current approach to explanation in the social sciences, I will discuss the building of...

Persistent link: https://www.econbiz.de/10005496102

Natural economic quantities and their measurement

Reiss, Julian - In: Journal of Economic Methodology 8 (2001) 2, pp. 287-311

This paper discusses and develops an important distinction drawn by Jevons, viz . that between natural and fictitious quantities. This distinction provides a basis for a theory of economic concept formation that aims at picking out families of models that are phenomenally adequate, explanatory...

Persistent link: https://www.econbiz.de/10005496111

Evaluating the historiography of the Great Depression: explanation or single-theory driven?

Szostak, Rick - In: Journal of Economic Methodology 12 (2005) 1, pp. 35-61

Following James Rule and Colin Clark, a single-theory-driven approach to scientific inquiry which focuses on testing particular theories can be distinguished from an explanation-driven approach which is open to all observations and whose results do not cease to have value with the passing of a...

Persistent link: https://www.econbiz.de/10005496123

Rationalism and mainstream economics

Viskovatoff, Alex - In: Journal of Economic Methodology 10 (2003) 3, pp. 397-415

It is generally agreed that mainstream economics follows John Stuart Mill's economic methodology. Since Mill …'s deductivist methodology was explicitly anti-empirical, this raises the question of to what degree economics is an empirical … follow two methodologies: an empiricist methodology and a rationalist methodology. The question of which methodology is more …

Persistent link: https://www.econbiz.de/10005496124

Experiments in economics: External validity and the robustness of phenomena

Guala, Francesco; Mittone, Luigi - In: Journal of Economic Methodology 12 (2005) 4, pp. 495-515

External validity is the problem of generalizing results from laboratory to non-laboratory conditions. In this paper we review various ways in which the problem can be tackled, depending on the kind of experiment one is doing. Using a concrete example, we highlight in particular the distinction...

Persistent link: https://www.econbiz.de/10005496135