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THE PHILOSOPHY AND METHODOLOGY OF ECONOMICS
This landmark book presents a careful selection of the most important literature in the philosophy and methodology of economics – an area that has grown explosively in the last twenty years. This important and timely three volume reference collection contains the best of the recent work together with a number of classic articles by economists and philosophers. It focuses in the main on articles and papers that have not been previously reprinted and presents in an accessible form important material that is scattered throughout the literature.
More Information
Contributors
Contents
More Information
This landmark book presents a careful selection of the most important literature in the philosophy and methodology of economics – an area that has grown explosively in the last twenty years. This important and timely three volume reference collection contains the best of the recent work together with a number of classic articles by economists and philosophers. It focuses in the main on articles and papers that have not been previously reprinted and presents in an accessible form important material that is scattered throughout the literature.
Contributors
Contributors include: G.C. Archibald, G.S. Becker, N. de Marchi, J. Elster, F. Hahn, D. Hammond, J. Melitz, K. Popper, G.J. Stigler
Contents
THE PHILOSOPHY AND METHODOLOGY OF ECONOMICS
BRUCE J CALDWELL
VOLUME I
Commentary on the Classics and on the Related Secondary Literature
1. Frank H Knight (1940), "What is "Truth" in Economics ?", Journal of Political Economy, XLVIII, 1. 1-32.
2. T W Hutchison (1941), "The Significance and Basic Postulates of Economic Theory: A Reply to Professor Knight", Journal of Political Economy, XLIX, 5, 732-50.
3. K Klappholz and J Agassi (1959), "Methodological Prescription in Economics", Economica, XXVI, 101, 60-74.
4. G C Archibald (1961), "Chamberlin versus Chicago", Review of Economic Studies, XXIX, 1, 78, 2-28.
5. George Stigler (1963), "Archibald Versus Chicago", Review of Economic Studies, 63-64.
6. Milton Friedman (1963), "More on Archibald Versus Chicago", Review of Economic Studies, 65-67.
7. G C Archibald (1963), "Reply to Chicago", Review of Economic Studies, 68-71.
8. Jacques Melitz (1965), "Friedman and Machlup on the Significance of Testing Economic Assumptions", Journal of Political Economy, LXXIII, 37-60.
9. D V T Bear and Daniel Orr (1967), "Logic and Expediency in Economic Theorizing", Journal of Political Economy, 75, 188-96. (8)
10. Stanley Wong, "''The F-Twist''and the Methodology of Paul Samuelson", American Economic Review, 312-325. (13)
11. Alan Coddington (1979), "Friedman''s Contribution to Methodological Controversy", British Review of Economic Issues, 2, 4, 1-13. (13)
12. Bart Nooteboom (1986), "Plausibility in Economics", Economics and Philosophy, 197-224. (28)
13. Uskali Mäki (1989), "On the Problem of Realism in Economics", Ricerche Economiche, XLVIII, 1-2, 176-198. (23)
14. Daniel Hammond (1991), "An Interview with Milton Friedman on Methodology", (to be printed in Research in the History of Economic Thought), pp 1-24. (24)
15. Yuichi Shionoya (1990), "Instrumentalism in Schumpeter''s Economic Methodology", History of Political Economy, 22, 2, 187-222. (36)
16. Daniel Hausman (1989), "Economic Methodology in a Nutshell", Journal of Economic Perspectives, 3, 2, 115-27. (13)
2. Rationality
17. Gary S Becker (1962), "Irrational Behavior and Economic Theory", Journal of Political Economy, LXX, 1, 1-13. (13)
18. Alan P Hamlin (1986), "Individual Rationality", Ethics, Economics and the State, Harvester Wheatsheaf, Chapter 2, 12-59; 178-80; 186-93. (58)
19. Robert Sugden(1985), "Why be Consistent ? A Critical Analysis of Consistency Requirements in Choice Theory", Economica, 52, 206, 167-83. (17)
20. Amitai Etzioni (1986), "The Case for a Multiple-Utility Conception", Economics and Philosophy, 2, 2, 159-83. (25)
21. Timothy J Brennan (1989), "A Methodological Assessment of Multiple Utility Frameworks", Economics and Philosophy, 5, 2, 189-208. (20)
22. Jon Elster (1988), "The Nature and Scope of Rational-Choice Explanation", Science in Reflection, Edna Ullmann-Margalit (ed.), Kluwer Academic Publishers, 51-65. (15)
23. Jon Elster (1989), "Social Norms and Economic Theory", Journal of Economic Perspectives, 3, 4, 99-117. (19)
Total No. of pages 451
VOLUME II
3. Estimation, Prediction and testing
24. Wesley C Mitchell (1925), "Quantitative Analysis in Economic Theory", American Economic Review, XV, 1, 1-12. (12)
25. Tjalling Koopmans (1947), "Measurement without Theory", Review of Economics and Statistics, XXIX, 3, 161-72. (12)
26. Rutledge Vining and Tjalling Koopmans (1949), "Methodological Issues in Quantitative Economics", Review of Economics and Statistics, XXXI, 2, 77-94. (18)
27. Deborah Mayo (1981), "Testing Statistical Testing", Philosophy in Economics , J C Pitt (ed.), Reidel Publishing, 175-203. (29)
28. Adrian Pagan (1987), "Three Econometric Methodologies: An Appraisal", Journal of Economic Surveys, 1, 1, 3-24. (22)
29. Mary Morgan (1988), "Finding a satisfactory Empirical Model", The Popperian Legacy in Economics, N de Marchi (ed.), Cambridge University Press, 199-211. (13)
30. Donald N McCloskey (1988), "The Limits of Expertise: If You''re so smart, Why ain''t you rich ?", American Scholar, 393-406. (14)
4. Value Judgements in Economics
31. T W Hutchison (1964), "Types and Sources of Value-Judgments and Bias", Positive Economics and Policy Objectives, Allen and Unwin, Chapter 2, 51-119. (69)
32. Fritz Machlup (1969), "Positive and Normative Economics", Economic Means and Social Ends: Essays in Political Economics, Prentice-Hall, 99-129. (31)
5. The Scope and Boundary of Economics
I. Framing the issues -The economist as imperialist
33. Jack Hirshliefer (1985), "The Expanding Domain of Economics", American Economic Review Special Issue, 53-68. (16)
34. George Stigler and Gary Becker (1977), "De Gustibus Non Est Disputandum", American Economic Review, 76-90. (15)
35. Paul J H Schoemaker (1991), "The Quest for optimality: A positive heuristic of science ?", Behavioral and Brain Sciences, 14, 2, 205-215. (11)
II. Economics and Biology
36. Armen Alchian (1950), "Uncertainty, Evolution and Economic Theory", Journal of Political Economy, LVIII, 211-21. (11)
37. Richard Nelson and Sidney Winter (1974), "NeoClassical vs. Evolutionary Theories of Economic Growth: Critique and Prospectus", Economic Journal, 336, 84, 886-905. (20)
38. Jack Hirshleifer (1977), " Economics from a Biographical Viewpoint", Journal of Law & Economics, XX, 1, 1-52. (52)
39. Ronald Heiner (1983), "The Origin of Predictable Behavior", American Economic Review, 560-95. (36)
III. Experimental Economics
40. Paul Schoemaker (1982), "The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations", Journal of Economic Literature, XX, 529-63. (35)
41. Vernon Smith (1989), "Theory, Experiment and Economics", Journal of Economic Perspectives, 3, 1, 151-69. (19)
IV. Constitutional Economics
42. James Buchanan (1990), "The Domain of Constitutional Economics", Constitutional Political Economy, 1, 1, 1-18. (18)
Total No. of Pages 453
VOLUME III
6. Karl Popper
43. Karl Popper (1985), "The Rationality Principle", Popper Selections, Miller (ed.), Princeton University Press, 356-65. (10)
44. Douglas W Hands (1985),"Karl Popper and Economic Methodology: A New Look", Economics and Philosophy, 1, 1, 83-99. (17)
45. Mark Blaug (1985), "Comment on D Wade Hands, "Karl Popper and Economic Methodology: A New Look", Economics and Philosophy, 1, 2, 286-88. (3)
46. Neil de Marchi (1988), "Popper and the LSE Economist", The Popperian Legacy in Economics, Cambridge University Press, 139-66. (28)
47. Bruce J Caldwell (1991), "Clarifying Popper", Journal of Economic Literature, XXIX, 1-33. (33)
7. Imre Lakatos
48. Spiro J Latsis (1972), "Situational Determinism in Economics", British Journal for the Philosophy of Science, 23, 207-45. (39)
49. Douglas W Hands (1985), "Second Thoughts on Lakatos", History of Political Economy, 17, 1, 1-16. (16)
50. E Roy Weintraub (1985), "Appraising General Equilibrium Analysis", Economics and Philosophy, 1, 1, 23-37. (15)
51. E Roy Weintraub (1988), "The Neo-Walrasian Program is Empirically Progressive", The Popperian Legacy in Economics, N de Marchi (ed.), Cambridge University Press, 213-27. (15)
52. Mark Blaug (1990), "Second Thoughts on the Keynesian Revolution", Economic Theories, True or False, Edward Elgar Publishing Ltd., 88-106. (19)
53.Bruce J Caldwell (1991), "The Methodology of Scientific Research Programmes in Economics: Criticisms and Conjectures", Economics, Culture and Education: Essays in Honour of Mark Blaug, G K Shaw (ed.), Edward Elgar Publishing, chapter 8, 95-107. (13)
8. Some alternative approaches
I. Rhetoric of Economics
54. Uskali Mäki (1988), "How to Combine Rhetoric and Realism in the Methodology of Economics", Economics and Philosophy, 1, 4, 89-109. (21)
55. Stanley Fish (1989), "Comments from Outside Economics", The Consequences of Economic Rhetoric, Klamer, McCloskey and Solow (eds.), Cambridge University Press, 21-30. (10)
II. Hermeneutics
56. Georgia Warnke (1984), "Translator''s Introduction", A Transcendental-Pragmatic Perspective, Karl-Otto Apel (ed.), MIT Press, vii-xx , 251-52. (16)
57. Michael Bacharach (1989), "The Role of ''Verstehen'' in Economic Theory", Ricerche Economiche, XLIII, 1-2. 129-50. (22)
58. John Hicks (1986), "Rational Behavior: Observation or Assumption ?", Subjectivism, Intelligibility & Economic Understanding, New York University Press, 102-110. (9)
III. Structuralism
59. D W Hands (1985), "The Structuralist View of Economic Theories: A Review Essay", Economics and Philosophy, 1,2, 303-35. (33)
9. Assessing Economic Theory, with special attention to general equilibrium theory
60. Frank Hahn (1973), On the Notion of Equilibrium in Economics: An Inaugural Lecture, Cambridge University Press, 1-44. (44)
61. Alan Coddington (1975), "The Rationale of General Equilibrium", Economic Inquiry, XIII, 4, 539-58. (20)
62. Allan Gibbard and Hal Varian (1978), "Economic Models", Journal of Philosophy, LXXXV, 11664-77. (14)
63. Edward J Green (1981), "On the Role of Fundamental Theory in Positive Economics", Philosophy in Economics, Pitt (ed.), Reidel, 5-15. (11)
64. Alex Rosenberg (1983), "If Economics isn''t Science, What is it ?", Philosophical Forum, XIV, 3-4, 296-314. (19)
65. Andrea Salanti (1989), "''Internal '' Criticisms in Economic Theory: Are They Really Conclusive ?", Economic Notes, 1-15. (15)
66. Daniel Hausman (1989), "Explanatory Progress in Economics", Social Research, 56, 2, 361-81. (21)
Total No. of Pages 422
GRAND TOTAL OF PAGES FOR 3 VOLS 1336
BRUCE J CALDWELL
VOLUME I
Commentary on the Classics and on the Related Secondary Literature
1. Frank H Knight (1940), "What is "Truth" in Economics ?", Journal of Political Economy, XLVIII, 1. 1-32.
2. T W Hutchison (1941), "The Significance and Basic Postulates of Economic Theory: A Reply to Professor Knight", Journal of Political Economy, XLIX, 5, 732-50.
3. K Klappholz and J Agassi (1959), "Methodological Prescription in Economics", Economica, XXVI, 101, 60-74.
4. G C Archibald (1961), "Chamberlin versus Chicago", Review of Economic Studies, XXIX, 1, 78, 2-28.
5. George Stigler (1963), "Archibald Versus Chicago", Review of Economic Studies, 63-64.
6. Milton Friedman (1963), "More on Archibald Versus Chicago", Review of Economic Studies, 65-67.
7. G C Archibald (1963), "Reply to Chicago", Review of Economic Studies, 68-71.
8. Jacques Melitz (1965), "Friedman and Machlup on the Significance of Testing Economic Assumptions", Journal of Political Economy, LXXIII, 37-60.
9. D V T Bear and Daniel Orr (1967), "Logic and Expediency in Economic Theorizing", Journal of Political Economy, 75, 188-96. (8)
10. Stanley Wong, "''The F-Twist''and the Methodology of Paul Samuelson", American Economic Review, 312-325. (13)
11. Alan Coddington (1979), "Friedman''s Contribution to Methodological Controversy", British Review of Economic Issues, 2, 4, 1-13. (13)
12. Bart Nooteboom (1986), "Plausibility in Economics", Economics and Philosophy, 197-224. (28)
13. Uskali Mäki (1989), "On the Problem of Realism in Economics", Ricerche Economiche, XLVIII, 1-2, 176-198. (23)
14. Daniel Hammond (1991), "An Interview with Milton Friedman on Methodology", (to be printed in Research in the History of Economic Thought), pp 1-24. (24)
15. Yuichi Shionoya (1990), "Instrumentalism in Schumpeter''s Economic Methodology", History of Political Economy, 22, 2, 187-222. (36)
16. Daniel Hausman (1989), "Economic Methodology in a Nutshell", Journal of Economic Perspectives, 3, 2, 115-27. (13)
2. Rationality
17. Gary S Becker (1962), "Irrational Behavior and Economic Theory", Journal of Political Economy, LXX, 1, 1-13. (13)
18. Alan P Hamlin (1986), "Individual Rationality", Ethics, Economics and the State, Harvester Wheatsheaf, Chapter 2, 12-59; 178-80; 186-93. (58)
19. Robert Sugden(1985), "Why be Consistent ? A Critical Analysis of Consistency Requirements in Choice Theory", Economica, 52, 206, 167-83. (17)
20. Amitai Etzioni (1986), "The Case for a Multiple-Utility Conception", Economics and Philosophy, 2, 2, 159-83. (25)
21. Timothy J Brennan (1989), "A Methodological Assessment of Multiple Utility Frameworks", Economics and Philosophy, 5, 2, 189-208. (20)
22. Jon Elster (1988), "The Nature and Scope of Rational-Choice Explanation", Science in Reflection, Edna Ullmann-Margalit (ed.), Kluwer Academic Publishers, 51-65. (15)
23. Jon Elster (1989), "Social Norms and Economic Theory", Journal of Economic Perspectives, 3, 4, 99-117. (19)
Total No. of pages 451
VOLUME II
3. Estimation, Prediction and testing
24. Wesley C Mitchell (1925), "Quantitative Analysis in Economic Theory", American Economic Review, XV, 1, 1-12. (12)
25. Tjalling Koopmans (1947), "Measurement without Theory", Review of Economics and Statistics, XXIX, 3, 161-72. (12)
26. Rutledge Vining and Tjalling Koopmans (1949), "Methodological Issues in Quantitative Economics", Review of Economics and Statistics, XXXI, 2, 77-94. (18)
27. Deborah Mayo (1981), "Testing Statistical Testing", Philosophy in Economics , J C Pitt (ed.), Reidel Publishing, 175-203. (29)
28. Adrian Pagan (1987), "Three Econometric Methodologies: An Appraisal", Journal of Economic Surveys, 1, 1, 3-24. (22)
29. Mary Morgan (1988), "Finding a satisfactory Empirical Model", The Popperian Legacy in Economics, N de Marchi (ed.), Cambridge University Press, 199-211. (13)
30. Donald N McCloskey (1988), "The Limits of Expertise: If You''re so smart, Why ain''t you rich ?", American Scholar, 393-406. (14)
4. Value Judgements in Economics
31. T W Hutchison (1964), "Types and Sources of Value-Judgments and Bias", Positive Economics and Policy Objectives, Allen and Unwin, Chapter 2, 51-119. (69)
32. Fritz Machlup (1969), "Positive and Normative Economics", Economic Means and Social Ends: Essays in Political Economics, Prentice-Hall, 99-129. (31)
5. The Scope and Boundary of Economics
I. Framing the issues -The economist as imperialist
33. Jack Hirshliefer (1985), "The Expanding Domain of Economics", American Economic Review Special Issue, 53-68. (16)
34. George Stigler and Gary Becker (1977), "De Gustibus Non Est Disputandum", American Economic Review, 76-90. (15)
35. Paul J H Schoemaker (1991), "The Quest for optimality: A positive heuristic of science ?", Behavioral and Brain Sciences, 14, 2, 205-215. (11)
II. Economics and Biology
36. Armen Alchian (1950), "Uncertainty, Evolution and Economic Theory", Journal of Political Economy, LVIII, 211-21. (11)
37. Richard Nelson and Sidney Winter (1974), "NeoClassical vs. Evolutionary Theories of Economic Growth: Critique and Prospectus", Economic Journal, 336, 84, 886-905. (20)
38. Jack Hirshleifer (1977), " Economics from a Biographical Viewpoint", Journal of Law & Economics, XX, 1, 1-52. (52)
39. Ronald Heiner (1983), "The Origin of Predictable Behavior", American Economic Review, 560-95. (36)
III. Experimental Economics
40. Paul Schoemaker (1982), "The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations", Journal of Economic Literature, XX, 529-63. (35)
41. Vernon Smith (1989), "Theory, Experiment and Economics", Journal of Economic Perspectives, 3, 1, 151-69. (19)
IV. Constitutional Economics
42. James Buchanan (1990), "The Domain of Constitutional Economics", Constitutional Political Economy, 1, 1, 1-18. (18)
Total No. of Pages 453
VOLUME III
6. Karl Popper
43. Karl Popper (1985), "The Rationality Principle", Popper Selections, Miller (ed.), Princeton University Press, 356-65. (10)
44. Douglas W Hands (1985),"Karl Popper and Economic Methodology: A New Look", Economics and Philosophy, 1, 1, 83-99. (17)
45. Mark Blaug (1985), "Comment on D Wade Hands, "Karl Popper and Economic Methodology: A New Look", Economics and Philosophy, 1, 2, 286-88. (3)
46. Neil de Marchi (1988), "Popper and the LSE Economist", The Popperian Legacy in Economics, Cambridge University Press, 139-66. (28)
47. Bruce J Caldwell (1991), "Clarifying Popper", Journal of Economic Literature, XXIX, 1-33. (33)
7. Imre Lakatos
48. Spiro J Latsis (1972), "Situational Determinism in Economics", British Journal for the Philosophy of Science, 23, 207-45. (39)
49. Douglas W Hands (1985), "Second Thoughts on Lakatos", History of Political Economy, 17, 1, 1-16. (16)
50. E Roy Weintraub (1985), "Appraising General Equilibrium Analysis", Economics and Philosophy, 1, 1, 23-37. (15)
51. E Roy Weintraub (1988), "The Neo-Walrasian Program is Empirically Progressive", The Popperian Legacy in Economics, N de Marchi (ed.), Cambridge University Press, 213-27. (15)
52. Mark Blaug (1990), "Second Thoughts on the Keynesian Revolution", Economic Theories, True or False, Edward Elgar Publishing Ltd., 88-106. (19)
53.Bruce J Caldwell (1991), "The Methodology of Scientific Research Programmes in Economics: Criticisms and Conjectures", Economics, Culture and Education: Essays in Honour of Mark Blaug, G K Shaw (ed.), Edward Elgar Publishing, chapter 8, 95-107. (13)
8. Some alternative approaches
I. Rhetoric of Economics
54. Uskali Mäki (1988), "How to Combine Rhetoric and Realism in the Methodology of Economics", Economics and Philosophy, 1, 4, 89-109. (21)
55. Stanley Fish (1989), "Comments from Outside Economics", The Consequences of Economic Rhetoric, Klamer, McCloskey and Solow (eds.), Cambridge University Press, 21-30. (10)
II. Hermeneutics
56. Georgia Warnke (1984), "Translator''s Introduction", A Transcendental-Pragmatic Perspective, Karl-Otto Apel (ed.), MIT Press, vii-xx , 251-52. (16)
57. Michael Bacharach (1989), "The Role of ''Verstehen'' in Economic Theory", Ricerche Economiche, XLIII, 1-2. 129-50. (22)
58. John Hicks (1986), "Rational Behavior: Observation or Assumption ?", Subjectivism, Intelligibility & Economic Understanding, New York University Press, 102-110. (9)
III. Structuralism
59. D W Hands (1985), "The Structuralist View of Economic Theories: A Review Essay", Economics and Philosophy, 1,2, 303-35. (33)
9. Assessing Economic Theory, with special attention to general equilibrium theory
60. Frank Hahn (1973), On the Notion of Equilibrium in Economics: An Inaugural Lecture, Cambridge University Press, 1-44. (44)
61. Alan Coddington (1975), "The Rationale of General Equilibrium", Economic Inquiry, XIII, 4, 539-58. (20)
62. Allan Gibbard and Hal Varian (1978), "Economic Models", Journal of Philosophy, LXXXV, 11664-77. (14)
63. Edward J Green (1981), "On the Role of Fundamental Theory in Positive Economics", Philosophy in Economics, Pitt (ed.), Reidel, 5-15. (11)
64. Alex Rosenberg (1983), "If Economics isn''t Science, What is it ?", Philosophical Forum, XIV, 3-4, 296-314. (19)
65. Andrea Salanti (1989), "''Internal '' Criticisms in Economic Theory: Are They Really Conclusive ?", Economic Notes, 1-15. (15)
66. Daniel Hausman (1989), "Explanatory Progress in Economics", Social Research, 56, 2, 361-81. (21)
Total No. of Pages 422
GRAND TOTAL OF PAGES FOR 3 VOLS 1336