The Methodology Of Positive Economics
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The Methodology Of Positive Economics
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Author : Uskali Mäki
language : en
Publisher: Cambridge University Press
Release Date : 2009-05-28
The Methodology Of Positive Economics written by Uskali Mäki 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 2009-05-28 with Business & Economics categories.
Milton Friedman's 1953 essay 'The methodology of positive economics' remains the most cited, influential, and controversial piece of methodological writing in twentieth-century economics. Since its appearance, the essay has shaped the image of economics as a scientific discipline, both within and outside of the academy. At the same time, there has been an ongoing controversy over the proper interpretation and normative evaluation of the essay. Perceptions have been sharply divided, with some viewing economics as a scientific success thanks to its adherence to Friedman's principles, others taking it as a failure for the same reason. In this book, a team of world-renowned experts in the methodology of economics cast new light on Friedman's methodological arguments and practices from a variety of perspectives. It provides the 21st century reader with an invaluable assessment of the impact and contemporary significance of Friedman's seminal work.
The Methodology Of Positive Economics
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Author : Milton Friedman
language : es
Publisher:
Release Date :
The Methodology Of Positive Economics written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The Methodology Of Positive Economics 5
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Author : Milton Friedman
language : en
Publisher:
Release Date : 1953
The Methodology Of Positive Economics 5 written by Milton Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1953 with categories.
Essays In Positive Economics
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Author : Milton Friedman
language : en
Publisher: University of Chicago Press
Release Date : 1953
Essays In Positive Economics written by Milton Friedman and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1953 with Business & Economics categories.
This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."
The Methodology Of Positive Economics And The Classical Theory Of Utility
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Author : Carl Paul Kaiser
language : en
Publisher:
Release Date : 1973
The Methodology Of Positive Economics And The Classical Theory Of Utility written by Carl Paul Kaiser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Economic policy categories.
Reassessing The Paradigm Of Economics
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Author : Valeria Mosini
language : en
Publisher: Routledge
Release Date : 2011-07-28
Reassessing The Paradigm Of Economics written by Valeria Mosini and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-28 with Business & Economics categories.
When President Reagan and Prime Minister Thatcher adopted the neoliberal doctrine as the paradigm of economics, there was no evidence that the move would have been successful, but thirty years on, the recurrent crises that culminated in 2008 suggest a serious mis-match between expectations and outcomes: a re-examination of the paradigm is in order. This book focuses on Milton Friedman’s formulation of the neoliberal doctrine, and analyses two aspects that were essential to turning it into a fully-fledged paradigm: the attribution of scientific status to positive economics, which led to informing public policies on the requirements of the market; and the characterisation of economic freedom as capable of promoting political freedom, which led to identifying free market with democracy. The book exposes Friedman’s methodological argument for attributing positive economics scientific status as a failure, and his characterisation of economic freedom as a delusion; it identifies in the emergence as the mainstream in economics of the neoclassical synthesis, which borrowed from Walras’ the mathematical treatment of equilibrium but not the ethical and social framework in which it was inscribed, a development that facilitated the transition from the Keynesian to the neoliberal paradigm. Dr. Mosini shows that the gigantic bail-outs carried out courtesy of the public purse, which institutionalised the practice of collectivising losses while keeping profits private, were no accident, but the consequence of the rethinking of the function of lender of last resort according to Friedman’s conception of rationality in relation to risk, combined with his interpretation of the 1930s recession. The book concludes that the neoliberal paradigm has served the interests of the economically powerful social strata it was designed to benefit extremely well, but that the deep, and deepening, injustice it has brought about calls for a complete rethinking of the paradigm of economics according to ethical principles respectful of human values. This book should be of interest to students and researchers of Political Economy, Economic Methodology, History of Economic Thought and Philosophy.
The Foundations Of Positive And Normative Economics
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Author : Andrew Caplin
language : en
Publisher: Oxford University Press
Release Date : 2010-06-25
The Foundations Of Positive And Normative Economics written by Andrew Caplin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-25 with Business & Economics categories.
The Foundations of Positive and Normative Economics: A Handbook is the first book in a new series by Andrew Caplin and Andrew Schotter. There is currently no guide available on the rapidly changing methodological frontiers of the field of economics. Economists have been introducing new theories and new sources of data at a remarkable rate in recent years, and there are widely divergent views both on how productive these expansions have been in the past, and how best to make progress in the future. The speed of these changes has left economists ill at ease, and has created a backlash against new methods. The series will debate these critical issues, allowing proponents of a particular research method to present proposals in a safe yet critical context, with alternatives being clarified. This first volume, written by some of the most prominent researchers in the discipline, reflects the challenges that are opened by new research opportunities. The goal of the current volume and the series it presages, is to formally open a dialog on methodology. The editors' conviction is that such a debate will rebound to the benefit of social science in general, and economics in particular. The issues under discussion strike to the very heart of the social scientific enterprise. This work is of tremendous importance to all who are interested in the contributions that academic research can make not only to our scientific understanding, but also to matters of policy.
De Finetti Friedman And The Methodology Of Positive Economics
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Author : Gianluigi Pelloni
language : en
Publisher:
Release Date : 1992
De Finetti Friedman And The Methodology Of Positive Economics written by Gianluigi Pelloni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economics categories.
The Methodology Of Economics
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Author : Mark Blaug
language : en
Publisher: Cambridge University Press
Release Date : 1992-07-31
The Methodology Of Economics written by Mark Blaug 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 1992-07-31 with Business & Economics categories.
This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics, in which Professor Blaug develops his discussion of the latest developments in macroeconomics, general equilibrium theory and international trade theory. A new section on the rationality postulate is also added.
The Positive And The Normative In Economic Thought
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Author : Sina Badiei
language : en
Publisher: Routledge
Release Date : 2022-06-15
The Positive And The Normative In Economic Thought written by Sina Badiei and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-15 with Business & Economics categories.
The book responds to the need for greater clarity regarding the relationship between descriptive, evaluative and prescriptive approaches within positive and normative economics. It also analyses the entanglement between evaluative and prescriptive perspectives within several theoretical frameworks in normative economics such as social choice theory, the capability approach, behavioural welfare economics and various theories of justice. It provides a forum for discussion between various schools of economic thought and several theoretical frameworks on the relationship between the study of facts, norms and values, with particular emphasis on classical political economy, the Marxian school of economics, the Frankfurt School, the Austrian school, the Chicago school, rational choice theory, expected utility theory, behavioural economics, experimental economics, development economics, welfare economics, public economics, constitutional political economy, the capability approach and politico-economic theories of justice. Given the scope of questions treated in this book, it will be of interest to economists, historians of economic thought, political philosophers and philosophers of science, especially those interested in the philosophy and epistemology of economics.