Essays on Philosophy and Economic Methodology

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This collection brings together the essays of one of the foremost American philosophers of economics. Cumulatively they offer fresh perspectives on foundational questions such as: what sort of science is economics? and how successful can economists be in acquiring knowledge of their subject matter?
 

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Contents

What is philosophy of economics? page
1
METHODOLOGY AND THEORY APPRAISAL
8
Economic methodology in a nutshell
13
On the conceptual structure of neoclassical economics a philosophers view
25
John Stuart Mills philosophy of economics
33
The deductive method
44
Why look under the hood?
70
An appraisal of Popperian methodology
74
Supply and demand explanations and their ceteris paribus clauses
147
CASES AND PUZZLES
163
What are general equilibrium theories?
165
Arbitrage arguments
172
Explanatory progress in economics
186
the case of preference reversals
200
POSTSCRIPTS
219
How to do philosophy of economics
221

Is falsificationism unpractised or unpractisable?
92
The limits of economic science
99
CAUSALITY IN ECONOMICS
107
Are there causal relations among dependent variables?
109
Classical wage theory and the causal complications of explaining distribution
129
Reflections on philosophy and economic methodology
230
Bibliography of relevant writings by Daniel M Hausman
237
Bibliography of works by other authors
239
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