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  1. Identity Economics by Akerlof and Kranton [Review].John Davis - forthcoming - Economics and Philosophy.
  2. The Case of the Consumption Function: Structural Realism in Macroeconomics.Jennifer Jhun - forthcoming - In Timothy D. Lyons & Peter Vickers (eds.), Contemporary Scientific Realism: The Challenge from the History of Science. Oxford University Press.
    This paper claims that how economists actually treat the consumption function, both theoretically and empirically, seems to be at odds with traditional structural realism. While economics aims to find out the way the world actually is, economic theory – including theoretical staples such as the consumption Euler equation – do not always state literal truths. Yet, such methods persist. Our investigation will reveal that the Euler equation is deployed as part of a realist methodology to identify scale-dominant behaviors. These analyses (...)
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  3. In Favor of Mentalism in Economics: A Conversation with Christian List.Christian List & Catherine Herfeld - forthcoming - In Catherine Herfeld (ed.), Conversations on Rational Choice. Cambridge: Cambridge University Press.
    This is an edited transcript of a conversation to be included in the collection "Conversations on Rational Choice". The conversation was conducted in Munich on 7 and 9 February 2016.
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  4. Modelos y pattern predictions en Hayek.Agustina Borella - 2021 - Procesos de Mercado. Revista Europea de Economía Política (2):363-380.
    The Austrian School seems to remain outside the debate on the realism of economic models. In principle, given the association of the term “model” with the Chicago School, and also for understanding that Hayek had critized the model of perfect competition as unrealistic. Even though in previous opportunities we showed how the theory of market as a process could be understood as the model of the Austrian School, and that Hayek’s criticism to the model of perfect competition was not so (...)
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  5. Phenomenological Perspectives on Economics: Schütz Versus Düppe.Petr Špecián - 2019 - HORIZON. Studies in Phenomenology 8 (2):613-631.
    The article explores novel directions in the phenomenology of economics. It analyzes how the approaches of Till Düppe and Alfred Schütz, both inspired by Edmund Husserl, may shed light on the historical development of economics. I examine the substance and meaning of economics in the context of the forceful criticism of the whole discipline recently raised by Düppe. This examination uncovers important weaknesses and omissions inherent in Düppe’s argument against the economists’ scientific aspirations. The analysis of the social scientific endeavors (...)
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  6. Modelar o no modelar: esa no es la cuestión. ¿Hay algo intermedio?Agustina Borella - 2017 - Revista Perspectivas de Las Ciencias Económicas y Jurídicas 7 (2):89-100.
    The present paper tries to show that in the discussion on whether it is better to model or not to capture truth in the social world, that is not what is mainly being discussed. We put forward that the main question in this discussion is, essentially, ontological, not methodological. As a representative of the “to model position” we will refer to Uskali Mäki’s Possible Realism, and as one ofthe “notto model position” we will consider Tony Lawson’s Critical Realism. What will (...)
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  7. El Realismo Pictórico de los modelos económicos. [REVIEW]Agustina Borella - 2016 - Revista Perspectivas de Las Ciencias Económicas y Jurídicas 6:99-105.
    En su reciente obra Tony Lawson nos invita a recorrer una vez más un análisis detallado de los problemas de la economía como ciencia, y en particular del modelar matemático. Intenta responder a preguntas como ¿qué hacen los economistas académicos modernos?, ¿qué es actualmente la economía mainstream?, ¿qué esla economía neoclásica y qué la heterodoxa?, ¿cómo se relacionan las preocupaciones de los economistas modernos con aquellas que tradicionalmente consideraba la disciplina? y ¿cómo llegó la economía a su estado actual?
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  8. La "Nueva Mainstream Más Pluralista": entre la ortodoxia y la heterodoxia.Agustina Borella - 2015 - XVI Congreso Nacional de Filosofía (AFRA).
    El presente trabajo intenta mostrar a la “Nueva Mainstream Más Pluralista” como un camino para abrir al diálogo entre la heterodoxia, que rechaza el insistente uso de modelos formales mainstream para acceder al mundo social complejo, y la ortodoxia que defiende el uso de tales modelos para conocer el mundo social. Como representante de los defensores de los modelos formales mainstream nos referiremos a la epistemología de Uskali Mäki y como crítico de tales modelos a la propuesta de Tony Lawson. (...)
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  9. Metaphors as Research Tools in Economics.Lukasz Hardt - 2014 - On the Horizon 22 (4):256-264.
    Purpose – The aim of this paper is to show that metaphors play an important role in the making of economics. -/- Design/methodology/approach – The paper’s discussion is situated within the framework of methodology of economics. It refers to recent studies on the role of metaphors in economics, as well as to the rhetoric – realism controversy (e.g. D. McCloskey versus U. Mäki). -/- Findings – The principal results of the paper are: the demonstration of the importance of metaphors in (...)
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  10. Philosophy of Economics for Real.Stefan Mendritzki - 2014 - Journal of Economic Methodology 21 (1):98-103.
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  11. Pinceladas de Realismo Finlandés. [REVIEW]Agustina Borella - 2013 - Filosofia de la Economia 1 (1):131-137.
    La presente obra ofrece un análisis crítico de la filosofía de la economía de Uskali Mäki; en particular de la consideración realista científica de la economía. Se intenta a lo largo del texto responder, de algún modo, a las preguntas que plantea Lehtinen en la introducción: “¿Están los economistas aspirando en absoluto a la verdad, o están solamente jugando un juego intelectual en que tales supuestos son aceptables por alguna razón misteriosa? ¿Están estudiando la economía en serio? ¿Están simplemente desinteresados (...)
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  12. Economics for Real. Uskali Mäki and the Place of Truth in Economics, Edited by Aki Lehtinen, Jaakko Kuorikoski and Petri Ylikoski. Routledge, 2012, Xiii + 280 Pages. [REVIEW]Roberto Fumagalli - 2013 - Economics and Philosophy 29 (2):283-289.
  13. Contested Modelling: The Case of Economics.Uskali Mäki - 2013 - In Ulrich Gähde, Stephan Hartmann & Jörn Henning Wolf (eds.), Models, Simulations, and the Reduction of Complexity. Walter de Gruyter. pp. 87-106.
    Economics is a culturally and politically powerful and contested discipline, and it has been that way as long as it has existed. For some commentators, economics is the "queen of the social sciences", while others view it as a "dismal science" (and both of these epithets allow for diverse interpretations; see Mäki 2002). Economics is also a discipline that deals with a dynamically complex subject matter and has a tradition of reducing this complexity by using systematic procedures of simplification. Nowadays, (...)
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  14. Experimental Philosophy of Economics.Michiru Nagatsu - 2013 - Economics and Philosophy 29 (2):263-76.
    This article is a prelude to an experimental study of the preference concept in economics. I argue that a new empirical approach called experimental philosophy of science is a promising approach to advance the philosophy of economics. In particular, I discuss two debates in the field, the neuroeconomics controversy and the commonsensible realism debate, and suggest how experimental and survey techniques can generate data that will inform these debates. Some of the likely objections from philosophers and economists are addressed, and (...)
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  15. Reflexivity, Uncertainty and the Unity of Science.Alex Rosenberg - 2013 - Journal of Economic Methodology 20 (4):429-438.
    The paper argues that substantial support for Soros' claims about uncertainty and reflexivity in economics and human affairs generally are provided by the operation of both factors in the biological domain to produce substantially the same processes which have been recognized by ecologists and evolutionary biologists. In particular predator prey relations have their sources in uncertainty – i.e. the random character of variations, and frequency dependent co-evolution – reflexivity. The paper argues that despite Soros' claims, intentionality is not required to (...)
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  16. A Critical Look on Critical Realism.Agustina Borella - 2012 - Perspectives on Epistemology of Economics:183-207.
    Tony Lawson, founder of The Social Ontology Group and The Realist Workshop of Cambridge, has proposed critical realism to reorient economics. The transformation of the social world that Lawson tries, emerges from the adherence to critical realism, this is, from taking the transcendental realism of Roy Bhaskar to the social realm. With the purpose of deepening the criticisms to this movement, we will specify what is critical realism, and which are the philosophical assumptions of the mainstream according to this author. (...)
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  17. Realism, Commonsensibles, and Economics:The Case of Contemporary Revealed Preference Theory.D. Wade Hands - 2012 - In Aki Lehtinen, Jaakko Kuorikoski & Petri Ylikoski (eds.), Economics for Real: Uskali Mäki and the Place of Truth in Economics. Routledge. pp. 156-178.
    This paper challenges Mäki's argument about commonsensibles by offering a case study from contemporary microeconomics – contemporary revealed preference theory (hereafter CRPT) – where terms like "preference," "utility," and to some extent "choice," are radical departures from the common sense meanings of these terms. Although the argument challenges the claim that economics is inhabited solely by commonsensibles, it is not inconsistent with such folk notions being common in economic theory.
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  18. Realism and Antirealism About Economics.Uskali Mäki - 2012 - In Handbook of the Philosophy of Economics. pp. 3--24.
    Economics is a controversial scientific discipline. One of the traditional issues that has kept economists and their critics busy is about whether economic theories and models are about anything real at all. The critics have argued that economic models are based on assumptions that are so utterly unrealistic that those models become purely fictional and have nothing informative to say about the real world. Many also claim that an antirealist instrumentalism (allegedly outlined by Milton Friedman in 1953) justifying such unrealistic (...)
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  19. Capital as a Social Kind: Definitions and Transformations in the Critique of Political Economy.Howard Engelskirchen - 2011 - Routledge.
    Capital as a Social Kind provides an introduction to social kinds in social theory. Thinking about kinds, the way we sort the things of the world into categories -- water, for example, is a natural kind – has made an important contribution to our understanding of science in the last half century, but these advances have been largely applicable to the natural, rather than the social sciences. Drawing on the rich examples offered by Marx’s analysis of capital and exploring a (...)
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  20. Reviews: Milton’s Positivism Found Wanting. [REVIEW]David Hammes - 2011 - Philosophy of the Social Sciences 41 (3):398-419.
    Milton Friedman’s 1953 essay created controversy and consternation amongst economists. It provided a prescription, based on empirically generated predictive success, of how to do economics, yet many saw it as a concession of the search for truth and theoretical beauty within the discipline. This article reviews a 50th anniversary festschrift devoted to views of the essay. The purpose of the volume is to provide today’s reader with the essay, responses, and a guide to interpreting it. The volume is selective and (...)
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  21. Making the Social World: The Structure of Human Civilization, John R. Searle, Oxford University Press, 2010, 224 Pages. [REVIEW]Frank Hindriks - 2011 - Economics and Philosophy 27 (3):338-346.
  22. Economics for Real: Uskali Mäki and the Place of Truth in Economics.Aki Lehtinen, Jaakko Kuorikoski & Petri Ylikoski (eds.) - 2011 - Routledge.
    This book provides the first comprehensive and critical examination of Mäki's realist philosophy of economics.
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  23. Puzzled by Realism: A Response to Deichsel.Uskali Mäki - 2011 - Erasmus Journal for Philosophy and Economics 4 (1):42-52.
    No realist project in and about economics is close to completion. There are many open issues that remain to be addressed and resolved. Simon Deichsel (2011) has written a healthy challenge that should offer some useful inspiration to anyone interested in assessing and perhaps contributing to the realist projects. He argues against realism and in support of some sort of anti-realism. My response first deals with some conceptual issues regarding the very ideas of realism and anti-realism. I will then discuss (...)
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  24. What is Money? An Alternative to Searle's Institutional Facts.J. P. Smit, Filip Buekens & Stan du Plessis - 2011 - Economics and Philosophy 27 (1):1-22.
    In The Construction of Social Reality, John Searle develops a theory of institutional facts and objects, of which money, borders and property are presented as prime examples. These objects are the result of us collectively intending certain natural objects to have a certain status, i.e. to ‘count as’ being certain social objects. This view renders such objects irreducible to natural objects. In this paper we propose a radically different approach that is more compatible with standard economic theory. We claim that (...)
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  25. Y a-T-Il des Lois En Économie?, Edited by Arnaud Berthoud, Bernard Delmas and Thierry Demals. Presses Universitaires du Septentrion, 2007. 647 Pages. [REVIEW]Andrea Salanti - 2010 - Economics and Philosophy 26 (3):391-394.
  26. From Fictions and Aggregates to Real Entities in the Theory of the Firm.David Gindis - 2009 - Journal of Institutional Economics 5 (1):25-46.
    According to the dominant "nexus of contracts" and "collection of assets" views of the firm, the firm is a either a fiction or an aggregate. Although legal personality is important in both accounts, everything is said to be achieved by private contract alone and the law's role in creating legal entity status is dismissed. The paper challenges both these aspects by reconsidering an alternative "real entity theory" that dominated debates at the turn of the twentieth century. This forgotten view holds (...)
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  27. Realistic Realism About Unrealistic Models.Uskali Mäki - 2009 - In Harold Kincaid & Don Ross (eds.), The Oxford handbook of philosophy of economics. Oxford University Press.
    My philosophical intuitions are those of a scientific realist. In addition to being realist in its philosophical outlook, my philosophy of economics also aspires to be realistic in the sense of being descriptively adequate, or at least normatively non-utopian, about economics as a scientific discipline. The special challenge my philosophy of economics must meet is to provide a scientific realist account that is realistic of a discipline that deals with a complex subject matter and operates with highly unrealistic models. Unrealisticness (...)
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  28. Unrealistic Assumptions and Unnecessary Confusions : Rereading and Rewriting F53 as a Realist Statement.Uskali Mäki - 2009 - In The methodology of positive economics : Reflections on the Milton Friedman legacy. Cambridge University Press.
    It is argued that rather than a well defined F-Twist, Milton Friedman’s “Methodology of positive economics” offers an F-Mix: a pool of ambiguous and inconsistent ingredients that can be used for putting together a number of different methodological positions. This concerns issues such as the very concept of being unrealistic, the goal of predictive tests, the as-if formulation of theories, explanatory unification, social construction, and more. Both friends and foes of Friedman’s essay have ignored its open-ended unclarities. Their removal may (...)
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  29. Ontology and Economics: Tony Lawson and His Critics.Edward Fullbrook (ed.) - 2008 - Routledge.
    This original book brings together some of the world's leading critics of economics orthodoxy to debate Lawson's contribution to the economics literature.
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  30. Review of An Engine, Not a Camera. [REVIEW]David Teira - 2008 - Journal of Economic Methodology 15 (4):429-433.
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  31. Quine and the Ontological Turn in Economics.John Latsis - 2007 - In Clive Lawson, John Latsis & Nuno Martins (eds.), Contributions to Social Ontology. Routledge. pp. 15--127.
  32. Economics and Autism : Why the Drive Towards Closure?John Lawson - 2007 - In Clive Lawson, John Latsis & Nuno Martins (eds.), Contributions to Social Ontology. Routledge. pp. 15--293.
  33. Fact and Fiction in Economics: Models, Realism and Social Construction, Edited by Uskali MÄKI. Cambridge University Press, 2002, VII + 384 Pages. [REVIEW]Francesco Guala - 2004 - Economics and Philosophy 20 (1):217-223.
  34. Applied Economics and the Critical Realist Critique.Paul Downward (ed.) - 2003 - Routledge.
    This intriguing new book examines and analyses the role of critical realism in economics and specifically how this line of thought can be applied to the real world. With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this new book is unique in its approach and will be of great interest to both economic methodologists and those involved in applied economic studies.
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  35. The Construction of Social Reality: An Exchange.Barry Smith & John Searle - 2003 - American Journal of Economics and Sociology 62 (2):285-309.
    Part 1 of this exchange consists in a critique by Smith of Searle’s The Construction of Social Reality focusing on Searle’s use of the formula ‘X counts as Y in context C’. Smith argues that this formula works well for social objects such as dollar bills and presidents where the corresponding X terms (pieces of paper, human beings) are easy to identify. In cases such as debts and prices and money in a bank's computers, however, the formula fails, because these (...)
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  36. Fact and Fiction in Economics: Models, Realism and Social Construction.Uskali Mäki (ed.) - 2002 - Cambridge University Press.
    There is an embarrassing polarization of opinions about the status of economics as an academic discipline, as reflected in epithets such as the Dismal Science and the Queen of the Social Sciences. This collection brings together some of the leading figures in the methodology and philosophy of economics to provide a thoughtful and balanced overview of the current state of debate about the nature and limits of economic knowledge. Authors with partly rival and partly complementary perspectives examine how abstract models (...)
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  37. Some Non-Reasons for Non-Realism About Economics.Uskali Maki - 2002 - In Uskali Mäki (ed.), Fact and Fiction in Economics: Models, Realism and Social Construction. Cambridge University Press. pp. 90.
    Many participants in the debate over the current state and recent developments of economics make claims that are unrefined, simplistic, often exaggerated. This is understandable: the stakes are high, the issues trigger emotional responses, and few participants are motivated or equipped to seek more nuanced analyses. To assert, or to deny, that economics as a scientific discipline or a particular part of it (such as a model) is about reality – or refers to reality, represents it, is true about it, (...)
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  38. How the Laws of Economics Lie.Ian Hunt - 2001 - Journal of Applied Philosophy 18 (2):119–133.
  39. The Economic World View: Studies in the Ontology of Economics.Uskali Mäki (ed.) - 2001 - Cambridge University Press.
    The beliefs of economists are not solely determined by empirical evidence in direct relation to the theories and models they hold. Economists hold 'ontological presuppositions', fundamental ideas about the nature of being which direct their thinking about economic behaviour. In this volume, leading philosophers and economists examine these hidden presuppositions, searching for a 'world view' of economics. What properties are attributed to human individuals in economic theories, and which are excluded? Does economic man exist? Do markets have an essence? Do (...)
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  40. Ruling Passions: A Theory of Practical Reason, Simon Blackburn. Clarendon Press, 1998, 344 Pages. [REVIEW]Eric Barnes - 2000 - Economics and Philosophy 16 (2):372-378.
  41. Truth and Progress in Economic Knowledge (Edward Elgar, 1997, X + 232 Pages) Explorations in Economic Methodology: From Lakatos to Empirical Philosophy of Science (Routledge, 1998; VII + 246 Pages) Roger E. Backhouse. [REVIEW]Kevin D. Hoover - 2000 - Economics and Philosophy 16 (2):333-378.
  42. Critical Realism in Economics: Development and Debate.Steve Fleetwood (ed.) - 1999 - Routledge.
    There is a growing perception among economists that their field is becoming increasingly irrelevant due to its disregard for reality. Critical realism addresses the failure of mainstream economics to explain economic reality and proposes an alternative approach. This book debates the relative strengths and weaknesses of critical realism, in the hopes of developing a more fruitful and relevant socio-economic ontology and methodology. With contributions from some of the leading authorities in economic philosophy, it includes the work of theorists critical of (...)
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  43. What Has Realism Got To Do With It?Tony Lawson - 1999 - Economics and Philosophy 15 (2):269.
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  44. Problems with Realism in Economics.Daniel M. Hausman - 1998 - Economics and Philosophy 14 (2):185-213.
    This essay attempts to distinguish the pressing issues for economists and economic methodologists concerning realism in economics from those issues that are of comparatively slight importance. In particular I shall argue that issues concerning the goals of science are of considerable interest in economics, unlike issues concerning the evidence for claims about unobservables, which have comparatively little relevance. In making this argument, this essay raises doubts about the two programs in contemporary economic methodology that raise the banner of realism. In (...)
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  45. Aspects of Realism About Economics.Uskali Mäki - 1998 - Theoria: Revista de Teoría, Historia y Fundamentos de la Ciencia 13 (2):301-319.
    A few aspects of the issue of realism are addressed in the context of a social science. The paper looks for adjustments needed in our conceptions of scientiflc realism to accommodate some peculiarities of economics. Ontologically speaking, economics appears to be closely linked to commonsense conceptions of the world, thus the problem of theoretical concepts does not emerge in the same form it is often taken to exist in physics. Theory formation is largely a matter of idealization and isolation among (...)
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  46. Is Coase a Realist?Uskali Mäki - 1998 - Philosophy of the Social Sciences 28 (1):5-31.
    Ronald Coase has been a vigorous critic of mainstream economic theory, arguing that it is unrealistic and that a good theory is realistic. The attributes "realistic" and "unrealistic" appear in three senses at least in Coase: one related to narrow ness and breadth; another related to abstracting from particularities (and the issue of "blackboard economics"); and the third related to correspondence with the legal. This does not yet make Coase an advocate of realism. It is therefore separately argued that each (...)
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  47. Aspects of Realism About Economics.Uskali Mäki - 1998 - Theoria 13 (2):301-319.
    A few aspects of the issue of realism are addressed in the context of a social science. The paper looks for adjustments needed in our conceptions of scientiflc realism to accommodate some peculiarities of economics. Ontologically speaking, economics appears to be closely linked to commonsense conceptions of the world, thus the problem of theoretical concepts does not emerge in the same form it is often taken to exist in physics. Theory formation is largely a matter of idealization and isolation among (...)
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  48. Economics and Reality.Tony Lawson - 1997 - Routledge.
    There is an increasingly widespread belief, both within and outside the discipline, that modern economics is irrelevant to the understanding of the real world. Economics and Reality traces this irrelevance to the failure of economists to match their methods with their subject, showing that formal, mathematical models are unsuitable to the social realities economists purport to address. Tony Lawson examines the various ways in which mainstream economics is rooted in positivist philosophy and examines the problems this causes. It focuses on (...)
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  49. Rerum Cognoscere Causas.Frank Hahn - 1996 - Economics and Philosophy 12 (2):183.
    Professor Hausman has written an interesting and instructive book. Though I am by no means favourably disposed to methodology for economists,, I found reading Hausman enjoyable and I came away having learned things worth learning. But not all is well, largely because Hausman is a philosopher first and an economist a poor second. There are also important questions where one would have expected philosophic help which are not asked at all.
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  50. Isolation, Idealization and Truth in Economics.Uskali Mäki - 1994 - Poznan Studies in the Philosophy of the Sciences and the Humanities 38:147-168.
    Challenges the widely held view that good models must necessarily be simplifications and hence cannot be true. This is done by distinguishing between whole truth (complete description) and truth (essential description, attained by the method of isolation).
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