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Econometricians tend to hold simultaneously two views in tension with each other: an apparent anti-realism that holds that all models are false and at best useful constructs or approximations to true models and an apparent realism that models are to be judged by their success at capturing an...
Persistent link: https://www.econbiz.de/10014187465
The purpose of this paper is an introduction to methods for conducting inquiries in social sciences. A method of inquiry is an organized and systematic scientific approaches used by scholars for controlled investigations and experiments to efficiently solve theoretical and practical problems,...
Persistent link: https://www.econbiz.de/10014112442
in economics is illustrated with a historical case-study of Lawrence Klein's early econometric models of the U.S. economy. …
Persistent link: https://www.econbiz.de/10011950334
In educating economists, we should sacrifice some of the more technical aspects of economics (which can be learned … these interdisciplinary studies are given here. In the discussion of the place of mathematics in economics, fuzziness enters … economics, are regarded as a "soft" technology compared with the "hard" technology of the natural sciences, development studies …
Persistent link: https://www.econbiz.de/10013213711
We study a case that applies hermeneutics to social sciences, in particular to the Austrian school of economics. We …
Persistent link: https://www.econbiz.de/10012834633
There is presently considerable debate about the application and interpretation of realism in economics. Interest in … this area of the philosophy and methodology of economics has intensified over the last twenty years, especially owing to … banner of realism in economics, their projects differ significantly in many important respects. This review tries to clarify …
Persistent link: https://www.econbiz.de/10012716384
, as a programme for how economics should best be done. This paper evaluates strategic pluralism, compares it with the …
Persistent link: https://www.econbiz.de/10012863877
The volume under review consists of comments on critical realism by heterodox economists. This paper addresses a number of themes from the book, e.g., history and reflexivity, sometimes expanding on the authors' comments on critical realism, other times responding to them on behalf of critical...
Persistent link: https://www.econbiz.de/10012716389
My purpose is to appraise the recent critique of theoretical economics by applying the methodological perspective …. Therefore, I start by identifying the main lines of criticism raised against theoretical economics in the aftermath of the post …-2008 global economic crisis: namely, the voices criticizing economics for its unrealistic models, excessive mathematization …
Persistent link: https://www.econbiz.de/10012995221
"Longtermism" is the view that the impacts of our actions on the very long-term future deserve prominent consideration in decision-making. We discuss the primary barrier that prevents academic economists from contributing to longtermist research: an overly rigid preference for methodological...
Persistent link: https://www.econbiz.de/10013473654