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Karl Popper and Economic Methodology: A New Look

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  • Hands, Douglas W.

Abstract

Discussions of Karl Popper's falsificationist philosophy of science appear regularly in the recent literature on economic methodology. In this literature, there seem to be two fundamental points of agreement about Popper. First, most economists take Popper's falsificationist method of bold conjecture and severe test to be the correct characterization of scientific conduct in the physical sciences. Second, most economists admit that economic theory fails miserably when judged by these same falsificationist standards. As Latsis (1976, p. 8) states, “the development of economic analysis would look a dismal affair through falsificationist spectacles.”

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  • Hands, Douglas W., 1985. "Karl Popper and Economic Methodology: A New Look," Economics and Philosophy, Cambridge University Press, vol. 1(1), pages 83-99, April.
    • Handle: RePEc:cup:ecnphi:v:1:y:1985:i:01:p:83-99_00
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    Cited by:

    1. Marek Loužek, 2012. "Ekonomie vědy - naděje, nebo léčka? [Economics of Science - A Hope or a Pitfall?]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(4), pages 536-550.
    2. Gebhard Kirchgässner, 2013. "The Weak Rationality Principle in Economics," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(I), pages 1-26, March.
    3. Ivan H. Ayala & Alfonso Palacio-Vera, 2014. "The Rational Expectations Hypothesis: An Assessment from Popper's Philosophy," Economics Working Paper Archive wp_786, Levy Economics Institute.
    4. Abe De Jong, 2022. "Research in business history: From theorising to bizhismetrics," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 62(1), pages 66-79, March.
    5. Bruce J. Caldwell, 1990. "Does methodology matter? : how should it be practiced?," Finnish Economic Papers, Finnish Economic Association, vol. 3(1), pages 64-71, Spring.
    6. Fabrício Baron Mussi & Andre da Silva Zembro & Aline Alvares Melo, 2017. "Contributions of Philosophy of Science, in the Perspective of Popper and Lakatos, for the Study of Innovation: An Analysis of the Neoclassical Schumpeterian and Neo-schumpeterian Theories," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 26(1), pages 9-25, December.
    7. Pierre Salmon, 1987. "Models, theories and arguments in economics [Modèles, théories et arguments en économique]," Working Papers hal-01534445, HAL.
    8. George Şerban-Oprescu, 2012. "Economic approaches to sustainability and quality of life. an epistemological study," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(46bis), pages 79-96, December.
    9. Joan Trullén, 2010. "Giacomo Becattini and the Marshall's method. A Schumpeterian approach," Institut Metròpoli Working Paper in economics 1003, Institut Metròpoli.
    10. Joan Trullén, 2013. "Giacomo Becattini and the Marshall's Method," ERSA conference papers ersa13p1148, European Regional Science Association.
    11. Deniz Kellecioglu, 2017. "How to transform economics? A philosophical appraisal," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 11(1), pages 1-26, November.
    12. Boris Salazar, 2001. "¿Qué tan racional es el principio de racionalidad de Popper?," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 3(5), pages 52-77, July-Dece.

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