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The Methodology of Economics

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  • Blaug,Mark

Abstract

This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics, in which Professor Blaug develops his discussion of the latest developments in macroeconomics, general equilibrium theory and international trade theory. A new section on the rationality postulate is also added.

Suggested Citation

  • Blaug,Mark, 1993. "The Methodology of Economics," Cambridge Books, Cambridge University Press, number 9780521436786, January.
    • Handle: RePEc:cup:cbooks:9780521436786
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    Citations

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    Cited by:

    1. Gennady Bilych, 2013. "Is It Possible to Create Goods from Thin Air Using Money and an Expenditure Multiplier?," Business and Economic Research, Macrothink Institute, vol. 3(2), pages 156-172, December.
    2. Joan Trullén, 2010. "Giacomo Becattini and the Marshall's method. A Schumpeterian approach," Institut Metròpoli Working Paper in economics 1003, Institut Metròpoli.
    3. Thomas Mayer, 2004. "The Influence Of Friedman'S Methodological Essay," Working Papers 74, University of California, Davis, Department of Economics.
    4. George Davis, 2005. "Clarifying the 'puzzle' between the Textbook and LSE approaches to econometrics: A comment on Cook's Kuhnian perspective on econometric modelling," Journal of Economic Methodology, Taylor & Francis Journals, vol. 12(1), pages 93-115.
    5. Joan Trullén, 2013. "Giacomo Becattini and the Marshall's Method," ERSA conference papers ersa13p1148, European Regional Science Association.
    6. Danièle Demoustier & Damien Rousseliere, 2005. "L’économie Social e et Coopérative Des Associationnistes: De La Critique Des Fondements De L’économie Politique à La Régulation Sociale Du Marché," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 76(4), pages 517-543, December.
    7. Jesus Felipe & Franklin M. Fisher, 2003. "Aggregation in Production Functions: What Applied Economists should Know," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 208-262, May.
    8. Masudul Alam Choudhury & Mohammad Zakir Hossain & Mohammad Shahadat Hossain, 2011. "Estimating an Ethical Index of Human Wellbeing," Journal of Developing Areas, Tennessee State University, College of Business, vol. 45(1), pages 375-409, July-Dece.
    9. Ezra Davar, 2016. "Unemployment: Walras’S Voluntary And Keynes’S Involuntary," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(3), pages 605-629, September.

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