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The Nature And Method Of Economic Sciences
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Book Synopsis The Nature and Method of Economic Sciences by : Ricardo F. Crespo
Download or read book The Nature and Method of Economic Sciences written by Ricardo F. Crespo and published by Routledge. This book was released on 2020-03-04 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nature and Method of Economic Sciences: Evidence, Causality, and Ends argues that economic phenomena can be examined from five analytical levels: a statistical descriptive approach, a causal explanatory approach, a teleological explicative approach, a normative approach and, finally, the level of application. The above viewpoints are undertaken by different but related economic sciences, including statistics and economic history, positive economics, normative economics, and the ‘art of political economy’. Typically, positive economics has analysed economic phenomena using the second approach, causally explaining and often trying to predict the future evolution of the economy. It has not been concerned with the ends selected by the individual or society, taking them as given. However, various new economic currents have emerged during the last 40 years, and some of these do assign a fundamental role to ends within economics. This book argues that the field of positive economics should adapt to deal with the issues that arise from this. The text attempts to discern the nature of economic phenomena, introducing the different approaches and corresponding economic sciences. It goes on to analyse the epistemological characteristics of these in the subsequent chapters, as well as their disciplinary interrelations. This book is a valuable resource for students and scholars of the social sciences, philosophy, and the philosophy of economics. It will also be of interest to those researching political economy and the development of economic thought.
Book Synopsis An Essay on the Nature and Significance of Economic Science by : Lionel Robbins
Download or read book An Essay on the Nature and Significance of Economic Science written by Lionel Robbins and published by Ludwig von Mises Institute. This book was released on 2007 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by Lionel Robbins first appeared in 1932 as an outstanding English-language statement of the Misesian view of economic method, namely that economics is a social science and must advance its propositions by means of deductive reasoning and not through the methods used in the natural sciences. The case is argued here with patience and attention to scholarly details. The unfortunate second edition of this book, which is more available today, introduces confusions by departing from Austrian microeconomic theory. Thus does the Mises Institute celebrate the 75th anniversary of the first edition with this reprint. "Reading Robbins," writes Samuel Bostaph of the University of Dallas, "is an excellent way of contrasting his explanation of the basic nature of economics with that of the Austrian School, as found in the work of Mises as an extension of Carl Mengers's foundations. Such a reading wonderfully clarifies one’s understanding of the basic conception of economics as a science of human action, rather than one of mere 'economizing.' "
Book Synopsis The Nature of the Economy by : Ricardo F. Crespo
Download or read book The Nature of the Economy written by Ricardo F. Crespo and published by Springer Nature. This book was released on 2022-07-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the deep meaning—the nature or essence—of the economy and its fundamental components. As a monograph on the philosophy of the economy and economics, it deduces the metaphysical nature of these two, going step by step from more general to more specific realities to finally arrive at the adequate features of the economic sciences and their methods. It builds on a largely Aristotelian approach, but also draws extensively from modern scholarship in the area. Usefully and pertinently, the book covers both general aspects of the economy and particular historically specific features. Among the important topics covered in the book are the meanings of the economy, the nature and role of economic agents, the nature of the macroeconomy, the nature and role of money, and so on. The book concludes with chapters on the nature of economics itself and its methodologies.
Book Synopsis The Nature and Essence of Economic Theory by : Joseph A. Schumpeter
Download or read book The Nature and Essence of Economic Theory written by Joseph A. Schumpeter and published by Routledge. This book was released on 2017-09-08 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph A. Schumpeter was a monumental figure in the history and development of economics. This work brings together his brilliant lectures, delivered more than a century ago, in its first English-language paperback edition. Here, readers will discover Schumpeter's search for an economic science devoid of moral or political dogma. The Nature and Essence of Economic Theory works out what people should think of pure economics, what its nature is, what its methods and findings are, and where thought takes off from there. The book shows the limitations and weaknesses of nineteenth-century economics and how the field could be and was improved by establishing a fundamental differentiation between 'statistics' and 'dynamics'. To convey his arguments, Schumpeter uses certain axioms that form a consistent, self-contained system and show how sound economic science is based on facts and events rather than presuppositions or definitions. Schumpeter's larger aim, beyond a pedagogic tool, was to deduce changes in the market, trade, and exchange of goods and services. He defined the task of economy as the description of the system and its change tendencies. If that can be achieved unequivocally, without resorting to doctrine or dogma, then the field can be considered self-contained.
Book Synopsis The Limits of Economic Science by : R.B. McKenzie
Download or read book The Limits of Economic Science written by R.B. McKenzie and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume were a challenge to me to write. I am an economist to the core, inclined to evaluate most observed behavior and public policies with conventional neoclassical theory. The essays represent my attempt to come to grips with the meaning and importance of what I try to do as a professional economist. They reflect my attempt to acquire a new and improved understanding of the usefulness and limitations of the writings of professional economists, especially my own. In this regard, although I hope others will find the thoughts useful, the volume represents a personal statement of how one economist views his and others' work. For that reason the discussion is often openly normative, tinged with the conviction that social discourse is more than costs and benefits and that economics cannot be fully evaluated by the methods - economic methods - that are the subject of the evaluation. These essays could not have been written without considerable encouragement and help from colleagues and friends. The following people are recognized for having read one or more chapters and for having contributed critical, substantive comments: Diana Bailey, Wilfred Beckerman, Geoffrey Brennan, William Briet, James Buchanan, Delores Martin, David Maxwell, Mary Ann McKenzie, Warren Samuels, Robert Staaf, Richard Wagner, Karen Vaughn, and Bruce Yandle. I am very much in their debt. However, they should not be held accountable for any of the positions taken and any errors that may remain.
Book Synopsis Investigations into the Method of the Social Sciences by :
Download or read book Investigations into the Method of the Social Sciences written by and published by Ludwig von Mises Institute. This book was released on with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Science and the Austrian Method by : Hans-Hermann Hoppe
Download or read book Economic Science and the Austrian Method written by Hans-Hermann Hoppe and published by Ludwig von Mises Institute. This book was released on 1995 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Ultimate Foundation of Economic Science by : Ludwig von Mises
Download or read book The Ultimate Foundation of Economic Science written by Ludwig von Mises and published by . This book was released on 2013-10 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new release of the original 1962 edition.
Book Synopsis The Methodology of Economics by : Mark Blaug
Download or read book The Methodology of Economics written by Mark Blaug and published by Cambridge University Press. This book was released on 1992-07-31 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Structure of Economic Science by : Sherman Roy Krupp
Download or read book The Structure of Economic Science written by Sherman Roy Krupp and published by Englewood Cliffs, N.J., Prentice-Hall. This book was released on 1966 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory and dispute in economics; Methematics and observation in economics; The boundaries of economic theory; Value premises in economics.
Book Synopsis From Political Economy to Economics by : Dimitris Milonakis
Download or read book From Political Economy to Economics written by Dimitris Milonakis and published by Routledge. This book was released on 2009-01-13 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection. The authors show how economics was once rich, diverse, multidimensional and pluralistic, and unravel the processes that lead to orthodoxy’s current predicament. The book details how political economy became economics through the desocialisation and the dehistoricisation of the dismal science, accompanied by the separation of economics from the other social sciences, especially economic history and sociology. It is argued that recent attempts from within economics to address the social and the historical have failed to acknowledge long standing debates amongst economists, historians and other social scientists. This has resulted in an impoverished historical and social content within mainstream economics. The book ranges over the shifting role of the historical and the social in economic theory, the shifting boundaries between the economic and the non-economic, all within a methodological context. Schools of thought and individuals, that have been neglected or marginalised, are treated in full, including classical political economy and Marx, the German and British historical schools, American institutionalism, Weber and Schumpeter and their programme of Socialökonomik, and the Austrian school. At the same time, developments within the mainstream tradition from marginalism through Marshall and Keynes to general equilibrium theory are also scrutinised, and the clashes between the various camps from the famous Methodenstreit to the fierce debates of the 1930s and beyond brought to the fore. The prime rationale underpinning this account drawn from the past is to put the case for political economy back on the agenda. This is done by treating economics as a social science once again, rather than as a positive science, as has been the inclination since the time of Jevons and Walras. It involves transcending the boundaries of the social sciences, but in a particular way that is in exactly the opposite direction now being taken by "economics imperialism". Drawing on the rich traditions of the past, the reintroduction and full incorporation of the social and the historical into the main corpus of political economy will be possible in the future.
Book Synopsis Economic Methodology by : Marcel Boumans
Download or read book Economic Methodology written by Marcel Boumans and published by Bloomsbury Publishing. This book was released on 2017-09-16 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economics Rules written by Dani Rodrik and published by Oxford University Press, USA. This book was released on 2015 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist trains a lens on his own discipline to uncover when it fails and when it works.
Book Synopsis The Scope and Method of Political Economy by : John Neville Keynes
Download or read book The Scope and Method of Political Economy written by John Neville Keynes and published by Routledge. This book was released on 2017-07-28 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: The elder Keynes argues that almost every problem connected with the scope and method of political economy has given rise to conflict of opinion. The resulting controversies have sometimes been bitter. Those readers, who already have any acquaintance with the literature of economic method should be prepared to find that several of the chapters are controversial in character. At the same time, Keynes avoids the tone of a partisan and represents both sides of the argument without prejudice.While making no attempt to bring about a complete reconciliation between opposing views, Keynes shows the nature of the opposition between them has sometimes been misunderstood, and its extent consequently exaggerated. Since the scope and method of a science can never be satisfactorily discussed at the commencement of its study, some knowledge of political economy in its general outlines is assumed.The nature of the topics discussed in this classic is indicated in the introductory chapter. The abstract discussion of methods is one to which students of economics must necessarily give attention in the course of their reading, and its indirect bearing on the solution of practical economic questions is very close in contemporary importance in today's society.
Book Synopsis The Nature of Economic Thought by : J. J. Klant
Download or read book The Nature of Economic Thought written by J. J. Klant and published by Edward Elgar Publishing. This book was released on 1994 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together Klants' work on the philosophy and methodology of economics. The book covers the history of economics, and then goes on to deal with the logical structure of economic theories, Friedman's use of metaphor, Keynes' methodology, and other issues.
Book Synopsis Economic Inquiry and Its Logic by : James M. Buchanan
Download or read book Economic Inquiry and Its Logic written by James M. Buchanan and published by . This book was released on 2000 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a collection of Buchanan’s most representative works in economic method and analysis. As Robert D. Tollison points out in his foreword, "[Included] in this volume are some of [Buchanan’s] most often cited works on methodology, including papers reflecting his emphasis on the subjective nature of opportunity costs and the implications of this subjectivity for economic analysis.” The works collected in this volume also demonstrate Buchanan’s interest throughout his career in the ideas and issues posed by economic theory. Buchanan shows throughout this volume that he believes economic theory can help explain the world around us. Spanning nearly his entire fifty-year career, Buchanan’s writings in this volume exhibit a consistency of thought and belief as ideas recur from paper to paper, ever richer and more resonant. The thirty-six works represented here are grouped into the major categories: 1.The Practice and Method of Economic Theory 2.Competition and Entrepreneurship 3.The Theory of Monopoly 4.Input Prices 5.Opportunity Cost and Efficient Prices 6.Increasing Returns and the Work Ethic 7.Economic Theory in a Post-Socialist World Clearly, these papers as a whole reflect a broad range of issues and provide us with countless insights. More than this, they give us a picture of the theorist in his workshop. They acquaint us with what interests him and how he deals with important issues. In his conclusion to the opening essay, "Is Economics the Science of Choice?” Buchanan typifies the richness of thought available throughout this volume: "Modern economics, as practiced by professional scholars, embodies confusions that are fundamentally methodological. For myself, I advance no claim that my own thinking has yet fully rid itself of the paradigms of neoclassical orthodoxy.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Evennts
Book Synopsis The Effortless Economy of Science? by : Philip Mirowski
Download or read book The Effortless Economy of Science? written by Philip Mirowski and published by Duke University Press. This book was released on 2004 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compilation of essays by the author that reveals the value for science studies of examples arising within the history of economics.
