Theoretical Economics

Erwin Klein
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Erwin Klein: Dalhousie University

Chapter 3 in Economic Theories and their Relational Structures, 1998, pp 20-26 from Palgrave Macmillan

Abstract: Abstract The discussion of this study is confined to ‘economic theories’ in a restricted sense, namely to hypothetico-deductive systems in economics. The emphasis on the ‘hypothetico-deductive’ nature of the ‘system’ is meant here to forewarn that a purely descriptive account of a phenomenon, historical or statistical, would by itself not qualify as a theory no matter how important it may be as a potential or actual source or motivation for theoretical activity.

Keywords: Choice Criterion; Theoretical Economic; Commodity Bundle; Budget Situation; Plural Expression (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37764-6_3

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DOI: 10.1057/9780230377646_3

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