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APPRAISING ECONOMIC THEORIES - Studies in the Methodology of Research Programs (Hardcover)
Loot Price: R4,980
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APPRAISING ECONOMIC THEORIES - Studies in the Methodology of Research Programs (Hardcover)
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The methodology of economics has long been dominated by the
writings of Karl Popper and Imre Lakatos, two outstanding
philosophers of science in the post-war period. This major new book
focuses on the application of Lakatosian principles of appraisal to
modern economics. An international group of distinguished
economists have applied Lakatos's methodology of scientific
research programs to a variety of economic theories, such as game
theory, demand theory, consumption analysis, job search theory,
equilibrium unemployment theory, the new classical macroeconomics,
experimental economics, Austrian economics, Walrasian stability
analysis and Sraffian economics. The introduction and afterword by
the editors place the papers in the context of the recent rapidly
evolving methodological controversy in economics. Taken as a whole,
the book makes a powerful statement of the case for assessing rival
economic theories with the aid of an explicit philosophy of
science.
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