Search results for: verification-in-economics-and-history

Verification in Economics and History

Author : Omar F. Hamouda
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Attitudes and methods derived from the hard sciences have become increasingly commonplace in the human and social sciences. Whilst this 'scientifization' process has undoubtedly fostered the growth of knowledge within history and economics, these are disciplines where verification, as practised in the pure sciences, is not appropriate. This book, first published in 1991, argues constructively for a new interpretation of scientific verification within economics and history.

The Idea of History in Constructing Economics

Author : Michael H. Turk
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How scientific is economics? This question has often been framed by analogies and correspondences made between economics and other, seemingly more well-established scientific disciplines, starting with classical mechanics. At the same time economics is likely to be seen in opposition to or in contrast with history, where the reliance upon generalizing rules, thought experiments, and model construction in economics is set against the amassing of particular facts intended to create narratives in history. In this new volume, Turk explores the relationship between economics and history, including the often fraught one between economics and economic history, making the case that economics does in fact require the proper grounding in history that has so often been ignored. This work challenges the attempt to link economics with other, more clearly ‘scientific’ disciplines as flawed and fundamentally wrongheaded. A key element of this book is its examination of the gaps and associations that exist in, or are seen through, linkages with thermodynamics, classical mechanics , biology, literature, mathematics, philosophy, and sociology. This exploration is frequently undertaken through study of the work of one or more major figures in the history of economic thought, ranging from Quesnay and Smith, through Walras and Max Weber, to Robinson, Krugman, David, and Arthur. Through the possibility of an alternative to the gaps noted in each such comparison, the underlying, necessary connection between economics and history can be brought out. The book concludes by exploring the basis for the positive construction of a historical economics. This book is suited for those who study history of economic thought and philosophy of economics.

Study of Economic History

Author : N.B. Harte
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Published in the year 1975, Study of Economic History is a valuable contribution to the field of Military and Strategic Studies.

Journal of Economic Literature

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Economic Theory in Retrospect

Author : Mark Blaug
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This is a history of economic thought from Adam Smith to John Maynard Keynes--but it is a history with a difference. Firstly, it is history of economic theory, not of economic doctrines. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics in the effort to encourage students to become acquainted at first hand with the writings of all the great economists. This fifth edition adds new Reader's Guides to Walras' Elements of Pure Economics and Keynes' General Theory of Employment, Interest and Money as well as major additions to the chapters on marginal productivity theory, general equilibrium theory and welfare economics.

The Experiment in the History of Economics

Author : Philippe Fontaine
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Throughout the history of economic ideas, it has often been asserted that experimentation is impossible, yet, in fact, history shows that the idea of ‘experimentation’ has always been important, and as such has been interpreted and put to use in many ways. Rich in historical detail, the essays in this topical volume deal with such issues as laboratory experimentation, the observed transition from a post-war economics to a contemporary discipline, the contrasting positions of Friedrich Hayek and Oskar Morgenstern, the socio-economic experiments proposed by Ernest Solvay and Knut Wicksell, and a rigorous examination of the way in which economic models can or cannot be construed as valid experiments producing useful knowledge. A testament to the variety of ways in which experimentation has been of importance in the creation of economic knowledge, these wide-ranging essays will interest those seeking to expand their historical understanding of the discipline, be they theorists, historians, philosophers, advanced students or researchers.

From Political Economy to Economics

Author : Dimitris Milonakis
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Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection. The authors show how economics was once rich, diverse, multidimensional and pluralistic, and unravel the processes that lead to orthodoxy’s current predicament. The book details how political economy became economics through the desocialisation and the dehistoricisation of the dismal science, accompanied by the separation of economics from the other social sciences, especially economic history and sociology. It is argued that recent attempts from within economics to address the social and the historical have failed to acknowledge long standing debates amongst economists, historians and other social scientists. This has resulted in an impoverished historical and social content within mainstream economics. The book ranges over the shifting role of the historical and the social in economic theory, the shifting boundaries between the economic and the non-economic, all within a methodological context. Schools of thought and individuals, that have been neglected or marginalised, are treated in full, including classical political economy and Marx, the German and British historical schools, American institutionalism, Weber and Schumpeter and their programme of Socialökonomik, and the Austrian school. At the same time, developments within the mainstream tradition from marginalism through Marshall and Keynes to general equilibrium theory are also scrutinised, and the clashes between the various camps from the famous Methodenstreit to the fierce debates of the 1930s and beyond brought to the fore. The prime rationale underpinning this account drawn from the past is to put the case for political economy back on the agenda. This is done by treating economics as a social science once again, rather than as a positive science, as has been the inclination since the time of Jevons and Walras. It involves transcending the boundaries of the social sciences, but in a particular way that is in exactly the opposite direction now being taken by "economics imperialism". Drawing on the rich traditions of the past, the reintroduction and full incorporation of the social and the historical into the main corpus of political economy will be possible in the future.

Historical Abstracts

Author : Eric H. Boehm
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Historians Economists and Economic History Routledge Revivals

Author : Alon Kadish
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First published in 1989, Alon Kadish’s study re-examines the standard view held by historians of economic thought whereby economic history emerged from the historicist criticism of neoclassical economic theory. He also demonstrates how the discipline evolved as an extension of the study of history. The study will appeal to students and scholars in historiography, the development of higher education and in the history if economic thought in general, as well as all those interested in the evolution of Oxford and Cambridge.

The Oxford Encyclopedia of Economic History

Author : Joel Mokyr
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What were the economic roots of modern industrialism? Were labor unions ever effective in raising workers' living standards? Did high levels of taxation in the past normally lead to economic decline? These and similar questions profoundly inform a wide range of intertwined social issues whose complexity, scope, and depth become fully evident in the Encyclopedia. Due to the interdisciplinary nature of the field, the Encyclopedia is divided not only by chronological and geographic boundaries, but also by related subfields such as agricultural history, demographic history, business history, and the histories of technology, migration, and transportation. The articles, all written and signed by international contributors, include scholars from Europe, Latin America, Africa, and Asia. Covering economic history in all areas of the world and segments of ecnomies from prehistoric times to the present, The Oxford Encyclopedia of Economic History is the ideal resource for students, economists, and general readers, offering a unique glimpse into this integral part of world history.