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Mainstream Economic Methodology

Sheila Dow

Chapter 7 in Foundations for New Economic Thinking, 2012, pp 105-128 from Palgrave Macmillan

Abstract: Abstract What might reasonably be expected of a survey of mainstream economic methodology would be a statement as to the nature and role of methodology, and a discussion of how it impinged on economic practice. However, the mainstream understanding of the nature and role of methodology has been in a state of transition. Further, mainstream economics has evolved virtually independently of explicit methodological analysis. Nevertheless, the outcome of current thinking among methodologists could well be the development of a closer bond between methodology and practice. Theorists too are contemplating potentially profound methodological changes. This is therefore a particularly good time to take stock and identify the direction of change and its implications for the future of mainstream economics.1

Keywords: Hard Core; Economic Thinking; Mainstream Economic; Logical Empiricism; Theory Appraisal (search for similar items in EconPapers)
Date: 2012
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Journal Article: Mainstream Economic Methodology (1997)
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DOI: 10.1057/9781137000729_7

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