Philosophy of economics: past and future

Daniel M. Hausman

Journal of Economic Methodology, 2021, vol. 28, issue 1, 14-22

Abstract: This essay offers a history of the development of philosophy of economics from the 1830s until today, with a personal perspective on the developments of the last four decades. It argues that changes in methodology have largely followed changes in practice, although practice and preaching are now in greater accord than earlier. The essay looks forward to fruitful collaboration particularly with respect to causal inference and normative appraisal.

Date: 2021
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DOI: 10.1080/1350178X.2020.1868767

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