Back to the big picture

Anna Alexandrova, Robert Northcott and Jack Wright

Journal of Economic Methodology, 2021, vol. 28, issue 1, 54-59

Abstract: We distinguish between two different strategies in methodology of economics. The big picture strategy, dominant in the twentieth century, ascribed to economics a unified method and evaluated this method against a single criterion of ‘science’. In the last thirty years a second strategy gained prominence: fine-grained studies of how some specific technique common in economics can achieve one or more epistemic goal. We argue that recent developments in philosophy of science and in economics warrant a return to big picture – but now reinvented. It should focus on a new question, already intensely debated within the profession: is the organization of economics healthy and appropriate?

Date: 2021
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DOI: 10.1080/1350178X.2020.1868772

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