What Happened to the Search Theory in the Late 1960s: A Methodological Study of Theory Transformation

Jinbang Kim
Additional contact information
Jinbang Kim: Inha University

Korean Economic Review, 1999, vol. 15, 399-413

Abstract: The paper investigates how economists transform an existing theory as they employ it to explain a new fact, using the search theory and the Philips curve as the case material. It thus demonstrates that the transformation of search theory was far from 'rational' in the sense of Lakatos. The transformation was filled with irregularities including non-theoretic approach, disputable assumption, and invalid solution. It also suggests that we cannot write a sensible history of search theory without introducing the `external' element, that is, the Phillips curve. A Lakatosian reconstruction is simply impossible insofar as the develop-ments of search theory in the late 1960's are concerned.

Keywords: Theory Transformation; Search Theory; Phillips Curve (search for similar items in EconPapers)
JEL-codes: B4 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-199912-15-2-12.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kea:keappr:ker-199912-15-2-12

Access Statistics for this article

Korean Economic Review is currently edited by Kyung Hwan Baik

More articles in Korean Economic Review from Korean Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by KEA ().