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Books > Business & Economics > Economics > Economic theory & philosophy
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Reason and Reality in the Methodologies of Economics - An Introduction (Paperback, New edition)
Loot Price: R1,087
Discovery Miles 10 870
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Reason and Reality in the Methodologies of Economics - An Introduction (Paperback, New edition)
Series: Advances in Economic Methodology series
Expected to ship within 12 - 17 working days
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This highly original new book examines the scientific status of
economics from the perspective of practising economists. It studies
how they evaluate their theories, the relationship between those
theories and the phenomena they are intended to represent, and the
philosophy, methodology and scientific credentials of economics. It
examines the tension between economics as the logic of rational
choice and as a predictive science, that is reason and reality
respectively. It surveys the five most influential schools of
thought in the methodology of economics, with special emphasis on
theory appraisal: logical positivism, instrumentalism, a priorism,
scientific realism and rhetorical analysis. Professor Fox assesses
the extent to which economists have followed the precepts and
consequences of their methodological position. He extends the
discussion to consider the purpose of such economic inquiry, the
scope of application and the appropriate structure of economic
theory, as the legitimate sources of economic knowledge. In
conclusion he argues that a resolution of existing and emerging
methodological controversies in economics must begin with a better
understanding of the various voices within the discipline. Intended
as an introduction to the major schools of thought in economics,
this book will be of interest to students and scholars of
economics, philosophy and economic methodology.
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