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The Methodology of Economics : Or, How Economists Explain - Mark Blaug

The Methodology of Economics

Or, How Economists Explain

Paperback Published: 3rd May 1993
ISBN: 9780521436786
Number Of Pages: 316

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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.

'It is beyond doubt that Blaug's book is one of the few really outstanding works in the recent literature on economic methodology.' Andrea Salanti, Ricerche Economiche

Preface
What You Always Wanted to Know about the Philosophy of Science but Were Afraid to Ask
From the received view to the views of Popper
From Popper to the new heterodoxy
The History of Economic Methodology
The verifications, a largely nineteenth-century story
The falsifications, a wholly twentieth-century story
The distinction between positive and normative economics
A Methodological Appraisal of the Neoclassical Research Program
The theory of consumer behaviour
The theory of fun
General equilibrium theory
Marginal productive theory
Switching, reswitching, and all that
The Heckscher-Ohlin theory of international trade
Keynesians versus monetarists
Human capital theory
The new economics of the family
The rationality postulate
What Have We Now Learned about Economics?
Conclusions
Glossary
Suggestions for further reading
Bibliography
Name index
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521436786
ISBN-10: 0521436788
Series: Cambridge Surveys of Economic Literature
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 316
Published: 3rd May 1993
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.76 x 15.22  x 2.11
Weight (kg): 0.44
Edition Number: 2
Edition Type: Revised

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