Macroeconomic Methodology

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Macroeconomic Methodology

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Author : Jesper Jespersen
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01

Macroeconomic Methodology written by Jesper Jespersen and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.

Methodological practice is at the heart of divisions between schools of macroeconomic thought. Jesper Jespersen s book explains why and precisely how, and gives the reader the insight to choose between rival approaches. His own inspiration comes from Critical Realism and Popper s Three World analysis, with Keynes as the main exponent of a realist approach. The starting point of realist theory is a view of how the world is, rather than axioms, and the test is whether the theory can make, as Jespersen puts it, the round trip back to reality , to give practical guidance to policy. This is only the focal point of a rich and attractive canvas. How I wish this book had been available when I taught methodology! And how I wish economists from all schools of thought would read it! Victoria Chick, University College London, UK This welcome volume by Jesper Jespersen offers an up-to-date realist approach to macroeconomics, drawing on recent developments in methodology, notably critical realism, as well as earlier Popperian ideas. He shows how economics in the Post-Keynesian tradition, using this approach, can address the important macro policy issues, and sets out a seven-point agenda for future theory development. This book provides an important launching-off point for addressing macroeconomic questions without the need for the abstractions as narrowly rational representative agents. Rather Jespersen explores the interdependencies between the macro and micro levels in real economic processes under conditions of uncertain knowledge. Sheila Dow, University of Stirling, UK Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper macroeconomic analysis should be undertaken. Furthermore, it is convincingly argued that one of the lasting contributions of John Maynard Keynes was his emphasis on methodology; that macroeconomic consequences of uncertainty could not be analysed within the established general equilibrium framework. It is due to post-Keynesian economics supported by critical realism that the understanding of Keynes s methodology has been resurrected, which has eventually resulted in renewed debate on realistic macroeconomic policies to restore full employment without inflation. Macroeconomic Methodology is an inquiry into the question of how to conduct a proper scientific analysis of uncertainty within macroeconomics. It will be of great interest to scholars of the philosophy of social sciences and methodology, as well as post-Keynesian and heterodox economists.

Routledge Handbook Of Macroeconomic Methodology

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Author : Jesper Jespersen
language : en
Publisher: Taylor & Francis
Release Date : 2023-06-20

Routledge Handbook Of Macroeconomic Methodology written by Jesper Jespersen and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-20 with Business & Economics categories.

The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible. The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics. An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.

The Methodology Of Empirical Macroeconomics

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Author : Kevin D. Hoover
language : en
Publisher: Cambridge University Press
Release Date : 2001-10-11

The Methodology Of Empirical Macroeconomics written by Kevin D. Hoover and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-10-11 with Business & Economics categories.

The Methodology of Empirical Macroeconomics stakes out a pragmatic middle-ground between traditional, prescriptive economic methodology and recent descriptive (sociological or rhetorical) methodology. The former is sometimes seen as arrogantly telling economists how to do their work and the latter as irrelevant to their practice. The lectures are built around a case study of a concrete example of macroeconomic analysis. They demonstrate that economic methodology and the philosophy of science offer insights that help to resolve the genuine concerns of macroeconomists. Some examples of questions addressed include: What is the relationship between theoretical models and empirical observations? What is the relevance of macroeconomics to policy? Should macroeconomics be viewed as a special case of microeconomics? What is the place of long-standing philosophical issues in macroeconomics, such as the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality?

The Handbook Of Economic Methodology

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Author : John Bryan Davis
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998

The Handbook Of Economic Methodology written by John Bryan Davis and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.

The Handbook of Economic Methodology is a major multidisciplinary reference work on the developing field of economic methodology.

New Directions In Economic Methodology

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Author : Roger E. Backhouse
language : en
Publisher: Routledge
Release Date : 1994-06-16

New Directions In Economic Methodology written by Roger E. Backhouse and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-06-16 with Business & Economics categories.

In recent years there has been a flowering of work on economic methodology. However there is no longer any consensus about which direction this should take or, indeed, even what the role and content of economic methodology should be. This book reflects this diversity. Its contributors are responsible for the major developments in this field and tog

Economic Methodology

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Author : Marcel Boumans
language : en
Publisher: Bloomsbury Publishing
Release Date : 2017-09-16

Economic Methodology written by Marcel Boumans and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-16 with Business & Economics categories.

Economic Methodology explores the status and character of economics as a social science and introduces students to philosophical issues underlying modern science. Approaching the subject as philosophy of science for economists, the authors use the historical developments in philosophy of science to frame this introduction to the field of economic methodology. By doing this they strengthen students' understanding of economics as a science to enhance their reasoning skills, introducing them to the wider philosophical issues surrounding our understanding of the area.

Economic Methodology History And Pluralism

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Author : Ioana Negru
language : en
Publisher: Taylor & Francis
Release Date : 2022-12-30

Economic Methodology History And Pluralism written by Ioana Negru and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-30 with Business & Economics categories.

Economic Methodology, History and Pluralism: Expanding Economic Thought to Meet Contemporary Challenges pays tribute to Emeritus Professor Sheila Dow (University of Stirling, Scotland). This volume focusses on the contributions of Dow to economic methodology, pluralism and the history of economic thought. These explorations serve to underpin her ideas and theories on macroeconomics, banking and money. Bringing together an impressive panel of contributors, the chapters in this work examine Dow’s writings on structured pluralism and schools of thought, meanings of open and closed systems, reflections on the relationship between economics and other sciences (both social and natural), the methodology of behavioural economics, as well as the political economy of the Scottish school of thought. The book challenges the foundations of the mainstream economics paradigm in a novel and holistic manner, seeking to advance thinking across Dow’s favoured discipline. The essays in this collection provide thought-provoking reading for advanced students and scholars of economic methodology, the history of economic thought, heterodox economics and political economy. The book will also be valued by the economics profession at large, as it contains important elements and ideas concerning ethics, methodology and tolerance within economics as a discipline and as a profession.

The Elgar Companion To Recent Economic Methodology

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Author : J. B. Davis
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01

The Elgar Companion To Recent Economic Methodology written by J. B. Davis and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.

Economic methodology has traditionally been associated with logical positivism in the vein of Milton Friedman, Karl Popper, Imre Lakatos and Thomas Kuhn. However, the emergence and proliferation of new research programs in economics have stimulated many novel developments in economic methodology. This impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology. Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics. This important compendium will prove invaluable for researchers and postgraduate students of economic methodology and the philosophy of economics. Practitioners in the vanguard of new economic thinking will also find plenty of useful information in this path-breaking book.

Economic Methodology And Freedom To Choose

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Author : Patrick O'Sullivan
language : en
Publisher: Routledge
Release Date : 2012-03-22

Economic Methodology And Freedom To Choose written by Patrick O'Sullivan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-22 with Business & Economics categories.

First published in 1987, Professor O'Sullivan's work provides an in depth philosophical examination of the foundations of method in Economics and other human sciences. The argument is unabashedly dialectical in the great Socratic-Platonic tradition, and the reissue will be very welcome to all students of methodology, in particular those students of economic methodology seeking a refreshing alternative to yet more mathematical game playing. In an age dominated and perhaps to an extent perplexed by an ultimately non-committal postmodernism the book provides a root and branch critique of the epistemological relativism which must lie at the root of the whole post-modernist approach; and in reasserting the fundamental importance not only for the methods of science but also for European civilisation of the pursuit of truth it takes a stance which is very much against the tide of the times. A heterodox perspective is also provided and defended in detail regarding the real nature of economic methodology whereby it is shown that Economics epitomises a teleological mode of explanation which is significantly different from the efficient causal modes of explanation of the natural sciences. In fact Economics is the ultimate subjectivist/interpretative discipline in the methodological sense of Max Weber and Alfred Schutz, a fact which has only been recognised (and welcomed) in the Austrian school of Economics.

Dewey Pragmatism And Economic Methodology

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Author : Elias Khalil
language : en
Publisher: Routledge
Release Date : 2004-02-05

Dewey Pragmatism And Economic Methodology written by Elias Khalil and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-02-05 with Business & Economics categories.

This book brings together, for the first time, philosophers of pragmatism and economists interested in methodological questions. The main theoretical thrust of Dewey is to unite inquiry with behavior and this book's contributions assess this insight in the light of developments in modern American philosophy, social and legal theories, and the theor