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Back to the big picture

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  • Anna Alexandrova
  • Robert Northcott
  • Jack Wright

Abstract

We distinguish between two different strategies in methodology of economics. The big picture strategy, dominant in the twentieth century, ascribed to economics a unified method and evaluated this method against a single criterion of ‘science’. In the last thirty years a second strategy gained prominence: fine-grained studies of how some specific technique common in economics can achieve one or more epistemic goal. We argue that recent developments in philosophy of science and in economics warrant a return to big picture – but now reinvented. It should focus on a new question, already intensely debated within the profession: is the organization of economics healthy and appropriate?

Suggested Citation

  • Anna Alexandrova & Robert Northcott & Jack Wright, 2021. "Back to the big picture," Journal of Economic Methodology, Taylor & Francis Journals, vol. 28(1), pages 54-59, January.
    • Handle: RePEc:taf:jecmet:v:28:y:2021:i:1:p:54-59
    DOI: 10.1080/1350178X.2020.1868772
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