Hahn on Methodology: The Quest for Understanding addresses two
fundamental questions: (i) what is distinctive about economic
theorising?; (ii) what is the cognitive value of the outcome of
this activity of economic theorising, i.e. economic theory. We will
argue that for Hahn, economic theorising is distinctive with
respect to four dimensions. Firstly, the aim of economic theory is
neither to describe nor explain the real economic world, as in the
physical sciences. Rather the aim is to achieve objective, but
non-scientific, understanding. Secondly, the central question for
economic theory remains for Hahn how to understand, but not to
predict as in physics for instance, how decentralised choices
interact and perhaps get co-ordinated. Thirdly, Hahn identifies
three commitments without which, he argues, economic theorising for
him is not possible. Finally, economic theorising has a distinctive
approach, which Hahn calls its grammar of argumentation ."
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