THE NATURE OF ECONOMIC THOUGHT

Johannes J. Klant

in Books from Edward Elgar Publishing

Abstract: The Nature of Economic Thought brings together in one volume Professor Klant’s seminal work on the philosophy and methodology of economics. After a brief description of the history of economics and its position as science, art and philosophy, the book offers discussion of the logical structure of economic theories, Milton Friedman’s use of metaphor and John Maynard Keynes’s methodology including his view on the intuitive process and his adherence to Marshallian instrumentalism. The final paper presents an historical analysis of the natural order ideal in economics and critically assesses the approaches of Max Weber and Karl Popper.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: E0 G0 (search for similar items in EconPapers)
Date: 1994
ISBN: 9781858980188
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