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Why Does Methodology Matter for Economics? Review Article

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  • Hoover, Kevin D

Abstract

In the context of reviewing some of the important recent literature on the methodology of economics, this article argues for the continuity of economics, economic methodology, and philosophy against the proposition maintained by some so-called pragmatists and the rhetoric program that economics is sui generis and should be immune to criticism rooted in related disciplines. It is argued that, since methodological considerations are unavoidable, effort should be directed to good methodology. The credentials of economics as a somewhat successful, empirical science are defended. Copyright 1995 by Royal Economic Society.

Suggested Citation

  • Hoover, Kevin D, 1995. "Why Does Methodology Matter for Economics? Review Article," Economic Journal, Royal Economic Society, vol. 105(430), pages 715-734, May.
    • Handle: RePEc:ecj:econjl:v:105:y:1995:i:430:p:715-34
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    Cited by:

    1. Suzuki, Tomo, 2003. "The accounting figuration of business statistics as a foundation for the spread of economic ideas," Accounting, Organizations and Society, Elsevier, vol. 28(1), pages 65-95, January.
    2. Alejandro Diaz-Bautista, 2005. "La metodología de la investigación en la Economía Aplicada; The Research Methodology in Applied Economics," Method and Hist of Econ Thought 0509008, University Library of Munich, Germany.
    3. Tacconi, Luca, 1998. "Scientific methodology for ecological economics," Ecological Economics, Elsevier, vol. 27(1), pages 91-105, October.
    4. Mathias KUEPIE & Eric Patrick FEUBI PAMEN, 2017. "An Application of the Alkire-Foster’s Multidimensional Poverty Index to Data from Madagascar: Taking Into Account the Dimensions of Employment and Gender Inequality," Working Paper 6ca04615-044d-41a0-8737-9, Agence française de développement.
    5. Uskali Maki, 1994. "Methodology might matter, but Weintraub's meta-Methodology shouldn't," Journal of Economic Methodology, Taylor & Francis Journals, vol. 1(2), pages 215-232.
    6. Stavros A. DRAKOPOULOS, 2016. "Economic crisis, economic methodology and the scientific ideal of physics," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 10(1), pages 28-57, November.
    7. Eduardo Angeli, 2014. "A Importância da História do Pensamento Econômico e do pluralismo metodológico em economia a partir da perspectiva da Escola Austríaca [The importance of Economic Thought and methodological pluralism ," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 24(1), pages 33-50, January-A.
    8. Kevin D. Hoover, "undated". "Econometrics And Reality," Department of Economics 97-28, California Davis - Department of Economics.
    9. Drakopoulos, Stavros A., 2014. "Mainstream Aversion to Economic Methodology and the Scientific Ideal of Physics," MPRA Paper 57222, University Library of Munich, Germany.
    10. Mullen, John D., 1996. "Why Economists and Scientists Find Cooperation Costly," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(02), pages 1-9, August.
    11. Drakopoulos, Stavros A., 2014. "Mathematical Psychics and Hydraulics: The Methodological Influence of Edgeworth and Fisher," MPRA Paper 52981, University Library of Munich, Germany.

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