Musgrave (1981) proposed a typology of assumptions, developed further by Mäki (2000), to defend the idea that the truth of assumptions is often important when evaluating economic theories against those economists who consider only predictive success to be relevant for this purpose. In this paper I propose a new framework for this typology that sheds further light on the issue. The framework consists of a distinction between first‐order assumptions that state the absence or lack of effect of some factor F, and second‐order assumptions that explicate the purposes for which or the reasons why particular first‐order assumptions are imposed. Given this distinction, Musgrave's main contention can be reformulated as the claim that, even though the...
The 'assumptions controversy' which mainly took place between Friedman, Machlup and Samuelson did no...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
Musgrave (1981) proposed a typology of assumptions, developed further by Mäki (2000), to defend the ...
Musgrave (1981) proposed a typology of assumptions, developed further by Maki (2000), to defend the ...
In this paper I address the problem of the unrealisticness of assumptions in neoclassical economics ...
Economic models often include unrealistic assumptions. This does not mean, however, that economists ...
Many models in economics are very unrealistic. At the same time, economists put a lot of effort into...
The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, ...
The first chapter provides an overview of some of the main developments in the discussion of unreali...
In the philosophy of science and epistemology literature, robustness analysis has become an umbrella...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
This article questions Milton Friedman’s methodological position in a famous essay dating to 1948 wh...
How much of economic theory can be derived using pure logic and how much of it depends on empirical ...
Need a theory's assumptions be true? In a since notorious essay, the economist Friedman argued they...
The 'assumptions controversy' which mainly took place between Friedman, Machlup and Samuelson did no...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...
Musgrave (1981) proposed a typology of assumptions, developed further by Mäki (2000), to defend the ...
Musgrave (1981) proposed a typology of assumptions, developed further by Maki (2000), to defend the ...
In this paper I address the problem of the unrealisticness of assumptions in neoclassical economics ...
Economic models often include unrealistic assumptions. This does not mean, however, that economists ...
Many models in economics are very unrealistic. At the same time, economists put a lot of effort into...
The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, ...
The first chapter provides an overview of some of the main developments in the discussion of unreali...
In the philosophy of science and epistemology literature, robustness analysis has become an umbrella...
This paper discusses issues to do with the empirical basis of modern economics and points towards th...
This article questions Milton Friedman’s methodological position in a famous essay dating to 1948 wh...
How much of economic theory can be derived using pure logic and how much of it depends on empirical ...
Need a theory's assumptions be true? In a since notorious essay, the economist Friedman argued they...
The 'assumptions controversy' which mainly took place between Friedman, Machlup and Samuelson did no...
The radical deregulation of financial markets after the 1970s was a precondition for the explosion i...
Economists have the habit of solving the wrong problems. They speculate circumstantially about the ...