Book contents
- The Inexact and Separate Science of Economics
- The Inexact and Separate Science of Economics
- Copyright page
- Contents
- Figures
- Tables
- Introduction
- Part I Introduction: Content, Structure, and Strategy of Mainstream Economics
- Part II Theory Assessment
- Part III Conclusion
- 15 Economic Methodology
- 16 Conclusions
- Appendix An Introduction to Philosophy of Science
- References
- Index
16 - Conclusions
from Part III - Conclusion
Published online by Cambridge University Press: 25 May 2023
Book contents
- The Inexact and Separate Science of Economics
- The Inexact and Separate Science of Economics
- Copyright page
- Contents
- Figures
- Tables
- Introduction
- Part I Introduction: Content, Structure, and Strategy of Mainstream Economics
- Part II Theory Assessment
- Part III Conclusion
- 15 Economic Methodology
- 16 Conclusions
- Appendix An Introduction to Philosophy of Science
- References
- Index
Summary
Chapter 16 summarizes the argument and shows that the methodological peculiarities of economics depend to a considerable extent on the fact that it is a social science. The fact that equilibrium theory includes a theory of rationality helps to explain why positive and normative economics are so intermingled, why economists are so strongly committed to their theory, and why they pursue a distinctive strategy.
Keywords
- Type
- Chapter
- Information
- The Inexact and Separate Science of Economics , pp. 434 - 447Publisher: Cambridge University PressPrint publication year: 2023