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Theory appraisal in neoclassical economics

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  • Daniel Hausman

Abstract

After answering relatively minor criticisms of The Inexact and Separate Science of Economics by Geert Reuten and Uskali Maki, this essay grants their main charge that I could not sensibly defend the way economists assess theories while at the same time criticizing their insistence that economic theories be unified and of maximal scope. I should have said that economists are mistaken in their methods of assessment because they focus on the wrong data and because they unjustifiably insist that only unified theories with wide scope need be considered.

Suggested Citation

  • Daniel Hausman, 1997. "Theory appraisal in neoclassical economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 4(2), pages 289-296.
    • Handle: RePEc:taf:jecmet:v:4:y:1997:i:2:p:289-296
    DOI: 10.1080/13501789700000019
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    References listed on IDEAS

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    1. Rosenberg, Alexander, 1992. "Economics--Mathematical Politics or Science of Diminishing Returns?," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226727233.
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