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Is There Progress in Economics? - Knowledge, Truth and the History of Economic Thought (Hardcover)
Loot Price: R4,014
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Is There Progress in Economics? - Knowledge, Truth and the History of Economic Thought (Hardcover)
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This thought-provoking book discusses the concept of progress in
economics and investigates whether any advance has been made in its
different spheres of research. The authors look back at the
history, successes and failures of their respective fields and
thoroughly examine the notion of progress from an epistemological
and methodological perspective. The idea of progress is
particularly significant as the authors regard it as an essentially
contested concept which can be defined in many ways - theoretically
or empirically; locally or globally; or as encouraging or impeding
the existence of other research traditions. The authors discuss the
idea that for progress to make any sense there must be an
accumulation of knowledge built up over time rather than the
replacement of ideas by each successive generation. Accordingly,
they are not concerned with estimating the price of progress,
reminiscing in the past, or assessing what has been lost. Instead
they apply the complex mechanisms and machinery of the discipline
to sub-fields such as normative economics, monetary economics,
trade and location theory, Austrian economics and classical
economics to critically assess whether progress has been made in
these areas of research. Bringing together authoritative and
wide-ranging contributions by leading scholars, this book will
challenge and engage those interested in philosophy, economic
methodology and the history of economic thought. It will also
appeal to economists in general who are interested in the
advancement of their profession.
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