In this paper I address the problem of the unrealisticness of assumptions in neoclassical economics . Being accused of using highly unrealistic assumptions in its models, neoclassical economics replied through what later was called the F-twist. Shortly stated, it was claimed that descriptively unrealistic assumptions are ubiquitous in other sciences also, and that economics should be concerned with its predictions instead of its assumptions. The immediate implication of this statement was that all unrealistic assumptions are the same – they are harmlessly unrealistic. Philosophers of economics vivaciously debated this claim and argued that economics made use of several kinds of assumptions which ”had better be true” . Building on this debat...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
Need a theory's assumptions be true? In a since notorious essay, the economist Friedman argued they...
Musgrave (1981) proposed a typology of assumptions, developed further by Mäki (2000), to defend the ...
The first chapter provides an overview of some of the main developments in the discussion of unreali...
Musgrave (1981) proposed a typology of assumptions, developed further by Maki (2000), to defend the ...
The idea of equilibrium and the usefulness of the neoclassical models that employ it are questionabl...
The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, ...
Many models in economics are very unrealistic. At the same time, economists put a lot of effort into...
Economic models often include unrealistic assumptions. This does not mean, however, that economists ...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
Neoclassical economics is often criticised for being deterministic and disconnected from social real...
I argue that a theory's assumptions always are and ought to be unrealistic. Further, we should attem...
How much of economic theory can be derived using pure logic and how much of it depends on empirical ...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
Need a theory's assumptions be true? In a since notorious essay, the economist Friedman argued they...
Musgrave (1981) proposed a typology of assumptions, developed further by Mäki (2000), to defend the ...
The first chapter provides an overview of some of the main developments in the discussion of unreali...
Musgrave (1981) proposed a typology of assumptions, developed further by Maki (2000), to defend the ...
The idea of equilibrium and the usefulness of the neoclassical models that employ it are questionabl...
The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, ...
Many models in economics are very unrealistic. At the same time, economists put a lot of effort into...
Economic models often include unrealistic assumptions. This does not mean, however, that economists ...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
Neoclassical economics is often criticised for being deterministic and disconnected from social real...
I argue that a theory's assumptions always are and ought to be unrealistic. Further, we should attem...
How much of economic theory can be derived using pure logic and how much of it depends on empirical ...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
Need a theory's assumptions be true? In a since notorious essay, the economist Friedman argued they...