IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v25y2001i6p705-21.html
   My bibliography  Save this article

Formalism, Logic and Reality: A Keynesian Analysis

Author

Listed:
  • Chick, Victoria
  • Dow, Sheila C

Abstract

It is the purpose of this paper to elaborate on the argument that formalism is non-neutral; analyses which today would be described as informal turn into something quite different when formalised. The reasons for non-neutrality refer to the choice of assumptions or axioms, the choice of method, the type of logic employed and closure. Focusing on the last three of these, the paper addresses the question of how to move from results obtained with formal methods under conditions of closure to the reality one is attempting to model. We explore the need for provisional closure to analyse open systems and for a range of methods to complement formal modelling in the attempt to understand the complex reality of an economic system. Copyright 2001 by Oxford University Press.

Suggested Citation

  • Chick, Victoria & Dow, Sheila C, 2001. "Formalism, Logic and Reality: A Keynesian Analysis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(6), pages 705-721, November.
    • Handle: RePEc:oup:cambje:v:25:y:2001:i:6:p:705-21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:25:y:2001:i:6:p:705-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.