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The Methodology of Economics
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    This (lowercase (translateProductType product.productType)) has been cited by the following publications. This list is generated based on data provided by CrossRef.

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    Köhler, Ekkehard A. and Nientiedt, Daniel 2017. The Muthesius Controversy. History of Political Economy, Vol. 49, Issue. 4, p. 607.

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    Verreault-Julien, Philippe 2017. Non-causal understanding with economic models: the case of general equilibrium. Journal of Economic Methodology, Vol. 24, Issue. 3, p. 297.

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    The Methodology of Economics
    • Online ISBN: 9780511528224
    • Book DOI: https://doi.org/10.1017/CBO9780511528224
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Book description

This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics, in which Professor Blaug develops his discussion of the latest developments in macroeconomics, general equilibrium theory and international trade theory. A new section on the rationality postulate is also added.

Reviews

‘It is beyond doubt that Blaug’s book is one of the few really outstanding works in the recent literature on economic methodology.’

Andrea Salanti - Ricerche Economiche

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