IDEAS home Printed from https://ideas.repec.org/a/taf/jecmet/v3y1996i1p1-38.html
   My bibliography  Save this article

Two portraits of economics

Author

Listed:
  • Uskali Maki

Abstract

This is an assessment of two recent philosophical accounts of the nature of economics, those given in Alexander Rosenberg's Economics - Mathematical Politics or the Science of Diminishing Returns? (1992) and in Daniel Hausman's The Inexact and Separate Science of Economics (1992). The focus is on how they portray the predictive capabilities of economics and the links between economic theory and empirical evidence. Some major suggestions of the two books are found wanting in interesting ways. Examples are Rosenberg's explanation of the predictive weakness of economics in terms of its folk psychological roots and his depiction of economics as a branch of political philosophy and applied mathematics; and Hausman's claim that the 'economists' deductive method' is appropriate while 'economics as a separate science' is not.

Suggested Citation

  • Uskali Maki, 1996. "Two portraits of economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 3(1), pages 1-38.
    • Handle: RePEc:taf:jecmet:v:3:y:1996:i:1:p:1-38
    DOI: 10.1080/13501789600000001
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/13501789600000001
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13501789600000001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Thomas Mayer, 1995. "Doing Economic Research," Books, Edward Elgar Publishing, number 305.
    2. repec:ucp:bkecon:9780226727233 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roth, Christopher & Settele, Sonja & Wohlfart, Johannes, 2022. "Beliefs about public debt and the demand for government spending," Journal of Econometrics, Elsevier, vol. 231(1), pages 165-187.
    2. Thomas Mayer, "undated". "Boettke'S Austrian Critique Of Mainstream Economics: An Empiricist'S Response," Department of Economics 97-31, California Davis - Department of Economics.
    3. Starkov, Egor, 2023. "Only time will tell: Credible dynamic signaling," Journal of Mathematical Economics, Elsevier, vol. 109(C).
    4. William Milberg, 2007. "WP 2006-2 The New Social Science Imperialism and the Problem of Knowledge in Contemporary Economics," SCEPA working paper series. 2006-2, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    5. James Hartley, 2006. "Kydland and Prescott's Nobel Prize: the methodology of time consistency and real business cycle models," Review of Political Economy, Taylor & Francis Journals, vol. 18(1), pages 1-28.
    6. Pope, Rulon D. & Just, Richard E., 1995. "Cost Function Estimation Under Risk," Working Papers 197825, University of Maryland, Department of Agricultural and Resource Economics.
    7. Reiter, Michael, 1999. "Ricardian equivalence with uninformed consumers?," European Journal of Political Economy, Elsevier, vol. 15(4), pages 747-758, November.
    8. Kevin Hoover, 2004. "Milton Friedman?s Stance: The Methodology of Causal Realism," Working Papers 222, University of California, Davis, Department of Economics.
    9. Kevin Hoover, 2004. "Milton Friedman?s Stance: The Methodology of Causal Realism," Working Papers 66, University of California, Davis, Department of Economics.
    10. Yicheng Liu, 2016. "The Influence of Psychological Distance and Personal Relationship of Channel Members on Conflict, Satisfaction and Performance," Business and Management Research, Business and Management Research, Sciedu Press, vol. 5(4), pages 14-30, December.

    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:taf:jecmet:v:3:y:1996:i:1:p:1-38. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJEC20 .

    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.