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Truth And Progress In Economic Knowledge
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Book Synopsis Truth and Progress in Economic Knowledge by : Roger Backhouse
Download or read book Truth and Progress in Economic Knowledge written by Roger Backhouse and published by Edward Elgar Publishing. This book was released on 1997 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Backhouse (history and philosophy of economics, U. of Birmingham, England) believes in truth and progress, but defends them against postmodern skepticism by using some of the same sources it does rather than trying to return to a pre-lapsarian state. He concludes by doubting the success of the conventional division of labor in which economic theorists transmute general assumptions into hypotheses to be tested, and econometricians test those theories statistically and establish empirical generalizations. Those two functions, he says, must interact on a much more intimate level. Some of the material is revised from previous publication. Annotation copyrighted by Book News, Inc., Portland, OR
Book Synopsis Is There Progress in Economics? by : Stephan Boehm
Download or read book Is There Progress in Economics? written by Stephan Boehm and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is There Progress in Economics? should be given relatively high marks. First, the quality of the papers is quite high, and second, the editors did a relatively good job of selecting, arranging and editing the contributions so that the volume really does focus on the question in its title. The editors introduction also contributes to the overall effect by attempting to tie all of the papers together into a reasonably tight bundle. D. Wade Hands, Economic Record This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of progress from an epistemological and methodological perspective. The idea of progress is particularly significant as the authors regard it as an essentially contested concept which can be defined in many ways theoretically or empirically; locally or globally; or as encouraging or impeding the existence of other research traditions. The authors discuss the idea that for progress to make any sense there must be an accumulation of knowledge built up over time rather than the replacement of ideas by each successive generation. Accordingly, they are not concerned with estimating the price of progress, reminiscing in the past, or assessing what has been lost. Instead they apply the complex mechanisms and machinery of the discipline to sub-fields such as normative economics, monetary economics, trade and location theory, Austrian economics and classical economics to critically assess whether progress has been made in these areas of research. Bringing together authoritative and wide-ranging contributions by leading scholars, this book will challenge and engage those interested in philosophy, economic methodology and the history of economic thought. It will also appeal to economists in general who are interested in the advancement of their profession.
Book Synopsis Selected Essays by Frank H. Knight, Volume 1 by : Frank H. Knight
Download or read book Selected Essays by Frank H. Knight, Volume 1 written by Frank H. Knight and published by University of Chicago Press. This book was released on 1999 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frank H. Knight (1885-1972) was a central figure—many say the dominant influence—in the development of the "Chicago School of Economics" at the University of Chicago in the 1930s and 1940s, where he taught future Nobel laureates Milton Friedman, James Buchanan, George Stigler, and many other notable scholars. It was Knight's embedded skepticism about the reach of economic knowledge that set the stage for the laissez-faire economics that matured at the University in the 1950s and 1960s. But as important as Knight's technical economic contributions were, he never strayed far from his broad philosophical interests and concern for the state of modern liberal democracy. Ross B. Emmett's selection of Knight's essays is the first to offer a comprehensive picture of the work of this notable social scientist over the span of his career. Included are not only Knight's most influential writings, but also a number of uncollected papers which have not previously been widely accessible. These essays illustrate Knight's views on the central debates regarding economics, social science, ethics, education, and modern liberalism. Volume 1: "What is Truth" in Economics? contains fifteen of Knight's papers up through 1940. Volume 2: Laissez Faire: Pro and Con includes fourteen of Knight's papers from 1940 through 1967, including "Socialism: The Nature of the Problem" and "The Sickness of Liberal Society." These twenty-nine essays together stand not only as a monument to one of economics' most significant and original thinkers, but will also serve as an invaluable resource for economists, philosophers, and political scientists interested in the development of the western liberal tradition.
Book Synopsis Explorations in Economic Methodology by : Roger E. Backhouse
Download or read book Explorations in Economic Methodology written by Roger E. Backhouse and published by Routledge. This book was released on 2006-10-19 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roger Backhouse is a key figure in the field of economic methodology. Explorations in Economic Methodology both clarifies and responds to the issues raised by the literature and argues that methodology is an essential activity. Offering a constructive, but critical, response to the recent literature, this collection provides important new insights for students and researchers in economic methodology and the philosophy of science.
Book Synopsis Philosophico-Methodological Analysis of Prediction and its Role in Economics by : Wenceslao J. Gonzalez
Download or read book Philosophico-Methodological Analysis of Prediction and its Role in Economics written by Wenceslao J. Gonzalez and published by Springer. This book was released on 2015-02-19 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a philosophico-methodological analysis of prediction and its role in economics. Prediction plays a key role in economics in various ways. It can be seen as a basic science, as an applied science and in the application of this science. First, it is used by economic theory in order to test the available knowledge. In this regard, prediction has been presented as the scientific test for economics as a science. Second, prediction provides a content regarding the possible future that can be used for prescription in applied economics. Thus, it can be used as a guide for economic policy, i.e., as knowledge concerning the future to be employed for the resolution of specific problems. Third, prediction also has a role in the application of this science in the public arena. This is through the decision-making of the agents — individuals or organizations — in quite different settings, both in the realm of microeconomics and macroeconomics. Within this context, the research is organized in five parts, which discuss relevant aspects of the role of prediction in economics: I) The problem of prediction as a test for a science; II) The general orientation in methodology of science and the problem of prediction as a scientific test; III) The methodological framework of social sciences and economics: Incidence for prediction as a test; IV) Epistemology and methodology of economic prediction: Rationality and empirical approaches and V) Methodological aspects of economic prediction: From description to prescription. Thus, the book is of interest for philosophers and economists as well as policy-makers seeking to ascertain the roots of their performance. The style used lends itself to a wide audience.
Download or read book Jacob Mincer written by Pedro N. Teixeira and published by OUP Oxford. This book was released on 2007-03-08 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The original book published with the IZA, this work presents and analyzes the work of one of the most important economists of the 20th century - Jacob Mincer. Mincer's work has had a lasting influence on contemporary labor economics in both theoretical and methodological terms. Mincer played a central role in shaping contemporary labor economics, not the least by largely determining its research agenda. His work in the 1960s and 70s on the determinants of individual earnings, notably human capital, and on labor force supply, particularly female participation, have had an enormous impact on the way others have approached labor economics. This book presents a systematic analysis of his extensive published work, emphasising its continuity as a lifetime research program that has made a lasting influence on modern labor economics.
Book Synopsis For and Against Method by : Imre Lakatos
Download or read book For and Against Method written by Imre Lakatos and published by University of Chicago Press. This book was released on 2010-05-27 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: The work that helped to determine Paul Feyerabend's fame and notoriety, Against Method, stemmed from Imre Lakatos's challenge: "In 1970 Imre cornered me at a party. 'Paul,' he said, 'you have such strange ideas. Why don't you write them down? I shall write a reply, we publish the whole thing and I promise you—we shall have a lot of fun.' " Although Lakatos died before he could write his reply, For and Against Method reconstructs his original counter-arguments from lectures and correspondence previously unpublished in English, allowing us to enjoy the "fun" two of this century's most eminent philosophers had, matching their wits and ideas on the subject of the scientific method. For and Against Method opens with an imaginary dialogue between Lakatos and Feyerabend, which Matteo Motterlini has constructed, based on their published works, to synthesize their positions and arguments. Part one presents the transcripts of the last lectures on method that Lakatos delivered. Part two, Feyerabend's response, consists of a previously published essay on anarchism, which began the attack on Lakatos's position that Feyerabend later continued in Against Method. The third and longest section consists of the correspondence Lakatos and Feyerabend exchanged on method and many other issues and ideas, as well as the events of their daily lives, between 1968 and Lakatos's death in 1974. The delight Lakatos and Feyerabend took in philosophical debate, and the relish with which they sparred, come to life again in For and Against Method, making it essential and lively reading for anyone interested in these two fascinating and controversial thinkers and their immense contributions to philosophy of science. "The writings in this volume are of considerable intellectual importance, and will be of great interest to anyone concerned with the development of the philosophical views of Lakatos and Feyerabend, or indeed with the development of philosophy of science in general during this crucial period."—Donald Gillies, British Journal for the Philosophy of Science (on the Italian edition) "A stimulating exchange of letters between two philosophical entertainers."—Tariq Ali, The Independent Imre Lakatos (1922-1974) was professor of logic at the London School of Economics. He was the author of Proofs and Refutations and the two-volume Philosophical Papers. Paul Feyerabend (1924-1994) was educated in Europe and held numerous teaching posts throughout his career. Among his books are Against Method; Science in a Free Society; Farewell to Reason; and Killing Time: The Autobiography of Paul Feyerabend, the last published by the University of Chicago Press.
Book Synopsis The Historiography of Economics by : A.W. Bob Coats
Download or read book The Historiography of Economics written by A.W. Bob Coats and published by Routledge. This book was released on 2013-10-08 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the third and final volume of collected papers of A.W. Bob Coats. Coats began to collect material for this volume in the years following the publication of the second volume in 1993, but sadly died in 2007, before the work was completed. The volume has now been completed under the editorship of Roger Backhouse and Bruce Caldwell. Along with his articles, the compilation of the volume also reflects Coats’ interest in and commitment to book reviews, a selection of which have been chosen for inclusion. The book also includes a comprehensive bibliography. In addition to a preface by Backhouse and Caldwell, the volume also reproduces the obituary that was published in History of Political Economy, a memoir published in 1996, and an interview with Grant Fleming, published the previous year. Together, the introductory materials, articles and reviews serve as a fitting tribute to the body of work of Bob Coats.
Book Synopsis McCloskey's Rhetoric by : Benjamin Balak
Download or read book McCloskey's Rhetoric written by Benjamin Balak and published by Psychology Press. This book was released on 2006 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book examines the use of rhetoric in economics, focusing on the work of one of the discipline's most recognizable names; Deirdre McCloskey. It analyzes her major texts and evaluates their methodological and philosophical consequences.
Book Synopsis Prophet of Innovation by : Thomas K. McCraw
Download or read book Prophet of Innovation written by Thomas K. McCraw and published by Harvard University Press. This book was released on 2010-03-30 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. “Creative destruction,” he said, is the driving force of capitalism. Described by John Kenneth Galbraith as “the most sophisticated conservative” of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril—to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter’s view, the general prosperity produced by the “capitalist engine” far outweighs the wreckage it leaves behind. During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983—the centennial of the birth of both men—Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate. Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter’s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world’s greatest economist, lover, and horseman—and admitted to failure only with the horses.
Book Synopsis Value Theory and Economic Progress: The Institutional Economics of J. Fagg Foster by : Marc R. Tool
Download or read book Value Theory and Economic Progress: The Institutional Economics of J. Fagg Foster written by Marc R. Tool and published by Springer Science & Business Media. This book was released on 2000-05-31 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: J. Fagg Foster (1907-1985) was one of the most significant creators of institutionalist economic theory in the twentieth century. He wrote and taught in the American intellectual tradition of Thorstein Weblen, John R. Commons, John Dewey and Clarence E. Ayres. This tradition shares purpose and philosophy with the European contributors, Gunnar Myrdal and K. William Kapp. Because little of Foster's scholarly work was formally published, professional knowledge of his extraordinary contribution is quite limited beyond the circle of his students and colleagues. Value Theory and Economic Progress attempts to correct that deficiency by providing an extended characterization of this missing and crucial component of the development of American heterodox economic thought. Its purpose is to demonstrate the timely relevance and significance of this model of inquiry in political economy. In addition, this volume explains that contemporary problem solving means changing `what is' into `what ought to be' through institutional adjustments; such a demonstration is at the heart of Foster's contribution to institutional thought.
Book Synopsis The Ordinary Business of Life by : Roger Backhouse
Download or read book The Ordinary Business of Life written by Roger Backhouse and published by Princeton University Press. This book was released on 2004-03-21 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating study of business and economics from the ancient world to the present takes readers on a lively tour of money-changing throughout the centuries, focusing particular attention on the opinions of theologians, philosophers, politicians, poets, and lawyers on the subject.
Book Synopsis The Philosophy of Economics by : Daniel M. Hausman
Download or read book The Philosophy of Economics written by Daniel M. Hausman and published by Cambridge University Press. This book was released on 2008 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, explores the nature of economics as a science, including classic texts and newer essays.
Book Synopsis Knowledge and Power by : George Gilder
Download or read book Knowledge and Power written by George Gilder and published by Regnery Publishing. This book was released on 2013-06-10 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ronald Reagan’s most-quoted living author—George Gilder—is back with an all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom, just when our economy desperately needs a new direction. America’s struggling economy needs a better philosophy than the college student's lament: "I can't be out of money, I still have checks in my checkbook!" We’ve tried a government spending spree, and we’ve learned it doesn’t work. Now is the time to rededicate our country to the pursuit of free market capitalism, before we’re buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that's too big to sustain and financial institutions that are "too big to fail?" In Knowledge and Power, George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and its growth. Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other. The knowledge of entrepreneurs, and their freedom to share and use that knowledge, are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all. One of the twentieth century’s defining economic minds has returned with a new philosophy to carry us into the twenty-first. Knowledge and Power is a must-read for fiscal conservatives, business owners, CEOs, investors, and anyone interested in propelling America’s economy to future success.
Book Synopsis The New Development Economics by : Jomo K.S.
Download or read book The New Development Economics written by Jomo K.S. and published by Zed Books. This book was released on 2006 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a critique of the post-Washington Concensus in neoliberal economics.
Book Synopsis The Elgar Companion to Economics and Philosophy by : John Bryan Davis
Download or read book The Elgar Companion to Economics and Philosophy written by John Bryan Davis and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . there are many first-rate contributions here. Those contributions make this collection valuable especially to readers who are already knowledgeable about the various areas in which the interests of philosophers and economists overlap. Daniel M. Hausman, Journal of Economic Methodology The Elgar Companion To Economics and Philosophy is a very good read. Every library should buy it now. John King, History of Economics Review The volume collects articles surveying developments in such related fields as economic methodology, ethics, epistemology, and social ontology. Many of the articles are forward-looking, and as such constitute substantive and original (and at times provocative) contributions to the literature. The volume as a whole is a success; the editors are to be congratulated for their efforts. Bruce J. Caldwell, University of North Carolina, Greensboro, US This Companion is called economics and philosophy but actually it is about the philosophy of economics and all the great questions in the subject are here. The weather in the philosophy of economics has been stormy lately and the climate continues to this day to be unsettled. Will the storms soon settle down to give way to calmer days? Read this excellent collection of informative papers in the field to stimulate your own answer to that question. Mark Blaug, University of London and University of Buckingham, UK The Elgar Companion to Economics and Philosophy aims to demonstrate exactly how these two important areas have always been linked, and to illustrate the key areas of overlap. The Companion is divided into distinct parts, each of which highlights a leading area of scholarly concern: political economy conceived as social philosophy; the methodology and epistemology of economics; and social ontology and the ontology of economics. The contributors are well-known and distinguished authors from a variety of disciplines, who have been invited both to survey and to provide a personal assessment of current and prospective future states of their respective areas of philosophical interest. Academics and students who have an interest in economics and philosophy, political philosophy and the history of ideas will find this book of great appeal, as will researchers working in the field and readers interested in the nature of the discipline of economics.
Book Synopsis The Pedagogy of Economic, Political and Social Crises by : Bob Jessop
Download or read book The Pedagogy of Economic, Political and Social Crises written by Bob Jessop and published by Routledge. This book was released on 2018-11-07 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crises have been studied in many disciplines and from diverse perspectives for at least 150 years. Yet recent decades have seen a marked increase in the crisis literature, reflecting growing awareness of crisis phenomena from the 1970s onwards. Responding to this mainstream literature, this edited collection makes six key innovations. First, it distinguishes between crises as event and crises as process, as well as crises as accidental events or as the result of system-generated processes. Second, it distinguishes crises that can be managed through established crisis-management routines from crises of crisis management. Third, it focuses on the symptomatology of crisis, i.e., the challenge of moving crisis symptoms to understanding underlying causes as a basis for decisive action. Fourth, it goes beyond the cliché that crises are both threat and opportunity by distinguishing valid accounts of the origins and present nature of a crisis, from more speculative accounts of what potentially exists. Fifth, it explores how crises can disorient conventional wisdom, thus provoking efforts to interpret and learn about crises and draw lessons after a crisis has ended. Finally, the sixth element is the move away from the conventional focus on executive authorities and disaster management agencies, instead turning attention towards how other social forces construe crises and attempt to learn from them. Offering important insights into the pedagogy of crisis throughout, this collection will offer excellent reading to both researchers and postgraduate students.
