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Fact or Fiction? Conference on Realism in Economics; Erasmus Institute for Philosophy and Economics, Erasmus University; 'Ugly Currents in Modern Economics'

Author

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  • Blaug, M.

Abstract

An analysis of the disease of formalism in modern economics. Its manifestation in general equilibrium theory, game theory, the new classical macroeconomics and real business cycle theory. Symptoms of the disease in the current vogue for postmodernism in methodololy. The possibilities for curing the disease.

Suggested Citation

  • Blaug, M., 1998. "Fact or Fiction? Conference on Realism in Economics; Erasmus Institute for Philosophy and Economics, Erasmus University; 'Ugly Currents in Modern Economics'," Discussion Papers 9803, University of Exeter, Department of Economics.
    • Handle: RePEc:exe:wpaper:9803
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    More about this item

    Keywords

    MACROECONOMICS ; GAME THEORY ; BUSINESS CYCLES ; GENERAL EQUILIBRIUM;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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