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Economic Methodology Today: a Review of Major Contributions

Ivan Boldyrev ()

Journal of the New Economic Association, 2011, issue 9, 47-70

Abstract: This review article considers the state of the art in the modern economic methodology. The structure of this branch of knowledge is briefly described, as well as its institutional organization. We also carry out a substantial classification of various problems and fields of research. We propose to distinguish two basic perspectives which will determine the situation in the field in future: logical-cognitivist and social-constructivist. It is shown, why we consider the latter perspective to be more interesting and promising one. We also examine in detail advantages and shortcomings of normative methodology which is supposed to set standards for a scientific research in economic theory.

Keywords: normative and positive economic methodology; philosophy of economics; models; rationality; interdisciplinarity (search for similar items in EconPapers)
JEL-codes: A11 A12 A14 B4 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2011:i:9:p:47-70

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