Download or read book The Methodology of Economic Model Building Routledge Revivals written by Lawrence A. Boland and published by Routledge. This book was released on 2014-05-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The major methodological task for modern economists has been to establish the testability of models. Too often, however, methodological assumptions can make a model virtually impossible to test even under ideal conditions, yet few theorists have examined the requirements and problems of assuring testability in economics. In The Methodology of Economic Model Building, first published in 1989, Lawrence Boland presents the results of a research project that spanned more than twenty years. He examines how economists have applied the philosophy of Karl Popper, relating methodological debates about falsifiability to wider discussions about the truth status of models in natural and social sciences. He concludes that model building in economics reflects more the methodological prescriptions of the economist Paul Samuelson than Popper’s ‘falsificationism’. This title will prove invaluable to both students and researchers, and represents a substantial contribution to debates about the scientific status of economics.
Download or read book The Methodology of Economic Model Building written by Lawrence A. Boland and published by . This book was released on 1991 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Model building has been the backbone of modern economic theory over the last 25 years, and the major methodological task for each model builder has been to establish the testability of each model developed. Too often, though, seemingly innocent modelling assumptions can make a model virtually impossible to test, even under ideal conditions, yet few economic theorists have examined the methodological requirements and problems of assuring testability in economics. Lawrence Boland considers how economists have applied Popper's views on the need for error-detection and testability theories in science. The methodological debates these theories have inspired are related to wider debates on empiricism and the truth status of models in the natural and social sciences. He concludes by arguing that the practice of model building in economics reflects the methodological prescriptions of Samuelson more than the falsification theory usually attributed to Popper.
Download or read book Model Building in Economics written by Lawrence A. Boland and published by Cambridge University Press. This book was released on 2014 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models that were used in the run-up to the 2008 financial crash. In this book, Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the possibility for and nature of their testing. In a reflective manner, the author raises serious questions about the assumptions and judgments that model builders make in constructing models. In making his case, he examines the traditional microeconomics-macroeconomics separation with regard to how theoretical models are built and used and how they interact, paying particular attention to the use of equilibrium concepts in macroeconomic models and game theory and to the challenges involved in building empirical models, testing models, and using models to test theoretical explanations.
Download or read book Foundations of Economic Method written by Lawrence A. Boland and published by Routledge. This book was released on 2020-09-23 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many consider Foundations of Economic Method to be Lawrence Boland's best work. This updated edition is radically changed from the original and will be much appreciated by thinkers within economics. The book positions methodology vis-à-vis the current practice of economists and is all the better for it. Yet another book that not only deserves to be read by those within the field of economic methodology, but also by those involved in economics at all. Boland is back.
Download or read book Models Mathematics and Methodology in Economic Explanation written by Donald W. Katzner and published by Cambridge University Press. This book was released on 2018 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a practitioner's foundation for the process of explanatory model building, breaking down that process into five stages. Donald W. Katzner presents a concrete example with unquantified variable values to show how the five-stage procedure works. He describes what is involved in explanatory model building for those interested in this practice, while simultaneously providing a guide for those actually engaged in it. The combination of Katzner's focus on modeling and on mathematics, along with his focus on the explanatory performance of modeling, promises to become an important contribution to the field.
Download or read book The Methodology of Economics written by Mark Blaug and published by Cambridge University Press. This book was released on 1992-07-31 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics, in which Professor Blaug develops his discussion of the latest developments in macroeconomics, general equilibrium theory and international trade theory. A new section on the rationality postulate is also added.
Download or read book Model Building in Economics written by Lawrence A. Boland and published by Cambridge University Press. This book was released on 2014-09-15 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models that were used in the run-up to the 2008 financial crash. In this book, Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the possibility for and nature of their testing. In a reflective manner, the author raises serious questions about the assumptions and judgments that model builders make in constructing models. In making his case, he examines the traditional microeconomics-macroeconomics separation with regard to how theoretical models are built and used and how they interact, paying particular attention to the use of equilibrium concepts in macroeconomic models and game theory and to the challenges involved in building empirical models, testing models, and using models to test theoretical explanations.
Download or read book Critical Economic Methodology written by Lawrence Boland and published by Routledge. This book was released on 2005-08-18 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lawrence Boland takes issue with both economic methodologists and practicing economists. He argues that there has been too much 'methodology for methodology's sake' and that mainstream economics might benefit by using methodology to take a critical look at economic theory.
Download or read book Islamic Economics and Finance written by Masudul Alam Choudhury and published by Emerald Group Publishing. This book was released on 2011-01-27 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a scholarly work on the foundations of the role that the moral and ethical law plays on human enterprise comprising economics, finance, society and science. Divided into three parts, theoretical, empirical and application, the study covers a vast area of socio-scientific investigation and is extensively comparative in perspective.
Download or read book Methods of Economic Research written by Darren Grant and published by Springer. This book was released on 2019-01-25 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook articulates the elements of good craftsmanship in applied microeconomic research and demonstrates its effectiveness with multiple examples from economic literature. Empirical economic research is a combination of several elements: theory, econometric modelling, institutional analysis, data handling, estimation, inference, and interpretation. A large body of work demonstrates how to do many of these things correctly, but to date, there is no central resource available which articulates the essential principles involved and ties them together. In showing how these research elements can be best blended to maximize the credibility and impact of the findings that result, this book presents a basic framework for thinking about craftsmanship. This framework lays out the proper context within which the researcher should view the analysis, involving institutional factors, complementary policy instruments, and competing hypotheses that can influence or explain the phenomena being studied. It also emphasizes the interconnectedness of theory, econometric modeling, data, estimation, inference, and interpretation, arguing that good craftsmanship requires strong links between each. Once the framework has been set, the book devotes a chapter to each element of the analysis, providing robust instruction for each case. Assuming a working knowledge of econometrics, this text is aimed at graduate students and early-career academic researchers as well as empirical economists looking to improve their technique.
Download or read book The Philosophy of Economics written by Daniel M. Hausman and published by Cambridge University Press. This book was released on 2008 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, explores the nature of economics as a science, including classic texts and newer essays.
Download or read book The Impact of Critical Rationalism written by Raphael Sassower and published by Springer. This book was released on 2018-07-13 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a student and disciple of Karl Popper and longtime managing editor of Philosophy of the Social Sciences, Ian C. Jarvie extended the notion of Critical Rationalism to be useful in anthropology, aesthetics, film studies, and various social sciences. In this Festschrift, contributors from a range of interests and disciplines engage with the Popperian legacy and Jarvie’s scholarly and editorial work in Critical Rationalism to contextualize it in the broader, contemporary intellectual landscape. These original essays not only honor Jarvie’s legacy, but expand it to cross the philosophical divide between analytic and continental schools of thought. In so doing, the authors bring the state-of-the-art achievements of Critical Rationalism to the forefront of current academic debates.
Download or read book Foundations for New Economic Thinking written by S. Dow and published by Springer. This book was released on 2012-04-11 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: New economic thinking is in demand in the light of the recent economic crisis. This book equips the reader with a better understanding of current ways of thinking as well as an awareness of other possibilities, providing the foundations for debate in theory and methodology alongside practical implications for policy.
Download or read book Karl Popper Science written by Ian Charles Jarvie and published by Ashgate Publishing, Ltd.. This book was released on 2006 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sir Karl Popper (1902-1994) is one of the most controversial and widely read philosophers of the 20th century. Volume III examines Popper's contribution to our understanding of logic, mathematics, physics, biology and the social sciences, from economics to education
Download or read book Equilibrium Models in Economics written by Lawrence A. Boland and published by Oxford University Press. This book was released on 2017-04-21 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of equilibrium is fundamental to economic theory, according to which, it exists when supply and demand are balanced. Equilibrium Models in Economics critically examines the major problematic assumptions employed to build equilibrium models. It gives particular attention to the assumptions used to characterize learning, knowledge and expectations. Lawrence Boland here explores whether equilibrium models can provide a realistic explanation of economic events and objects such as prices, market demands and market supplies. He traces how the different perspectives on equilibrium models represented by such creators as Kenneth Arrow, Robert Clower, and George Richardson influenced subsequent developments in economics. A key debate is about the comparative importance of whether equilibrium refers to a state of an actual economy or a property of a formal mathematical model. Another is the extent that the distinction between a model's exogenous vs. endogenous variables involves causality. Also explored are more recent efforts provided by behavioral, evolutionary, and complexity economics-whether they might change how economics is practiced in the future and how they could. Equilibrium Models in Economics is a trenchant exploration of how the discipline has grappled with attempts to understand and explain the way information, knowledge, and the expectations of actors participating in the economy influence outcomes and behavior. It presents a realistic, workable theory of knowledge and learning, simulating how decision makers and other actors operate in fast-changing equilibrium conditions.
Download or read book Comparative Economic Theory written by Masudul Alam Choudhury and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparative Economic Theory: Occidental and Islamic Perspectives seeks first to elucidate the nature and methodology of Islamic political economy as a process-oriented social economy guided by its cardinal epistemology of Oneness of God (Divine Unity). From this premise is then derived the episteme of unification of knowledge upon which is developed the methodological content of an extremely interactive, integrative and revolutionary world-view of political economy and a meta-theory of the socio-scientific order. Secondly, while laying out the building blocks of Islamic political economy and its much wider methodological implication for the socio-scientific order, this book offers a comparative study of occidental thought in the same areas. Thirdly, topics of microeconomics and macroeconomic theory are covered. This book concludes with chapters on methodology and an analytical postscript to show how the interactive, integrative and evolutionary world-view of knowledge-induced systems described by the Islamic political economy presents new visions of scientific thinking.
Download or read book Encouraging Openness written by Nimrod Bar-Am and published by Springer. This book was released on 2017-06-22 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume features forty-two essays written in honor of Joseph Agassi. It explores the work and legacy of this influential philosopher, an exciting and challenging advocate of critical rationalism. Throughout six decades of stupendous intellectual activity, Agassi called attention to rationality as the very starting point of every notable philosophical way of life. The essays present Agassi’s own views on critical rationalism. They also develop and expand upon his work in new and provocative ways. The authors include Agassi's most notable pupils, friends, and colleagues. Overall, their contributions challenge the received view on a variety of issues concerning science, religion, and education. Readers will find well-reasoned arguments on such topics as the secular problem of evil, religion and critical thinking, liberal democratic educational communities, democracy and constitutionalism, and capitalism at a crossroad.“/div>divTo Joseph Agassi, philosophy is the practice of reason, where reason is understood as the relentless search for criticisms of the best available explanations that we have to the world around us. This book not only honors one of the most original philosophers of science today. It also offers readers insights into a school of thought that lies at the heart of philosophy.
