Once economics came to be understood as the scientific investigation of the operation of markets, economic theorists pushed ethical and metaphysical concerns outside their realm of study. After the separation, the claims of Christian theology had no more jurisdiction over the discipline of...

This paper focuses on Ludwig von Mises methodological apriorism. It uses Wittgenstein’s private language argument as the basis for a critique of Mises’s claim to have found apodictically certain foundations for economic analysis. It is argued instead that Mises’s methodology is more...

Was the Keynesian message alive during the second half of the XXth Century, or was it betrayed by his followers? This article in the fields of the history of economic thought and methodology contrasts the Scientific Research Programmes (SRPs), a Lakatosian concept, of Keynes in The General...

J Smithin’s recent June, 2012 draft article, titled “A Rehabilitation of the Model of Effective Demand from Chapter 3 of Keynes’s General Theory (1936)”, provides an excellent summary of the error filled Post Keynesian D-Z model, as well as focusing on Patinkin’s partially correct...

Prosopography, or less accurately collective biography, is a method of analyzing of what a group of people from a specific historical context have or have not in common. Although it is a well-established method, it is novel to the history of economics. In this chapter I outline how to apply...

Keynes’s IS-LM model in the General Theory, defined in (r,Y) space and contained in chapter 21 in Part IV on pp. 298-299 of the General Theory, was derived from the underlying D-Z model of Chapter 20 that incorporated expectations and uncertainty into the P(expected economic profits-Z) and...

Adam Smith was the first academic in history to make an explicit, detailed Uncertainty – Risk distinction and apply it clearly in a number of worked out examples and applications consistently in his analysis of decision making in the Wealth of Nations on occupational choice, businesses such as...

Experimental economists increasingly apply econometric techniques to interpret their data, as suggested the emergence of "experimetrics" in the 2000's (Camerer, 2003; Houser, 2008; Moffatt, 2015). Yet statistics remains a minor topic in experimental economics' (EE) methodology. This article aims to...

This paper is an attempt to systematize the methodological insights and contributions of the Austrian School of Economics and present them in their most up-to-date elaboration, thereby building on the earlier literature on the subject. It aims to improve on the publications listed above in two...