This collection of essays examines the methodological problems confronting economists in the face of two major developments in the second half of the twentieth century. The first is the vast increase in the number and variety of writings on the methodology or 'philosophy' of economics, especially from those intensively specialising in methodology. This has led to the virtual breakdown in communication between methodologists and mainstream economists, with methodology becoming increasingly isolated from mainstream economics. The second major development has been what Benjamin Ward first called 'the formalist revolution' which he, not unjustifiably, described as 'more important than the Keynesian Revolution'. Professor Hutchison attempts to contribute to serious methodological analysis of this 'revolution' and, at the same time, suggests how communication between mainstream economists and methodologists might be improved.
| ISBN: | 9781840640403 |
| Publication date: | 30th June 2000 |
| Author: | T W Hutchison |
| Publisher: | Edward Elgar Publishing |
| Format: | Hardback |
| Pagination: | 400 pages |
| Genres: |
Economic theory and philosophy |
This collection of essays examines the methodological problems confronting economists in the face of two major developments in the second half of the twentieth century. The first is the vast increase in the number and variety of writings on the methodology or 'philosophy' of economics, especially from those intensively specialising in methodology. This has led to the virtual breakdown in communication between methodologists and mainstream economists, with methodology becoming increasingly isolated from mainstream economics. The second major development has been what Benjamin Ward first called 'the formalist revolution' which he, not unjustifiably, described as 'more important than the Keynesian Revolution'. Professor Hutchison attempts to contribute to serious methodological analysis of this 'revolution' and, at the same time, suggests how communication between mainstream economists and methodologists might be improved.
On the Methodology of Economics and the Formalist Revolution features in the following genres: Economic theory and philosophy
On the Methodology of Economics and the Formalist Revolution is available in Hardback
On the Methodology of Economics and the Formalist Revolution was written by T W Hutchison and published by Edward Elgar Publishing
On the Methodology of Economics and the Formalist Revolution has 400 pages