The Methodology of Empirical Macroeconomics

Front Cover
Cambridge University Press, Oct 11, 2001 - Business & Economics - 186 pages
0 Reviews
The Methodology of Empirical Macroeconomics stakes out a pragmatic middle-ground between traditional, prescriptive economic methodology and recent descriptive (sociological or rhetorical) methodology. The former is sometimes seen as arrogantly telling economists how to do their work and the latter as irrelevant to their practice. The lectures are built around a case study of a concrete example of macroeconomic analysis. They demonstrate that economic methodology and the philosophy of science offer insights that help to resolve the genuine concerns of macroeconomists. Some examples of questions addressed include: What is the relationship between theoretical models and empirical observations? What is the relevance of macroeconomics to policy? Should macroeconomics be viewed as a special case of microeconomics? What is the place of long-standing philosophical issues in macroeconomics, such as the scope and nature of economic laws, the role of idealizations, methodological individualism, and the problem of causality?
 

What people are saying - Write a review

LibraryThing Review

User Review  - thcson - LibraryThing

The most important thing you need to know about this short book is that it's based on a series of lectures. Apparently the lecture material has been expanded only a little bit, that's why the book is ... Read full review

Contents

Preface
ix
Some Methodological Problems in Macroeconomics
1
Are There Macroeconomic Laws?
17
Does Macroeconomics Need Microfoundations?
57
Causality in Macroeconomics
89
Pragmatism Realism and the Practice of Macroeconomics
135
Bibliography
169
Index
179
Copyright

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »