Inexact and Separate Science of Economics, The
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Book Overview
This book offers a comprehensive introduction to the fundamentals of standard economics, to the strategies economists employ in applying their theories to solve particular problems, and to the ways in which economists assess their theories. The author points out that economic theorists share a vision of economic theory as a separate science, believing that a single theory focusing on one cause, rational greed, can capture the basic features of the whole economic realm. Professor Hausman argues that since economic phenomena are so messy, and economic theory is thus hard to test, it is accepted because its fundamental assumptions are seen as acceptable on an intuitive level. Evidence from other sources, particularly psychology, should be used by economists in their explorations.
Format:Paperback
Language:English
ISBN:0521425239
ISBN13:9780521425230
Release Date:January 1992
Publisher:Cambridge University Press
Length:388 Pages
Weight:1.25 lbs.
Dimensions:0.8" x 5.9" x 8.9"
Customer Reviews
1 rating
Good example of economic methodology
Published by Thriftbooks.com User , 15 years ago
Hausman argues for a modified "Millian" economic methodology. Probably one of the most accurate accounts of how economists think they (and sometimes do) "do" economics. Covers a wide range of topics along the way, including applied topics in economics and issues directly relevant to the application of the philosophy of science to economics (e.g. the hopelessness of Popperian falsificationism).
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