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2 results

  • Can Liberal Democracy Be Saved?

  • from PART I - THE WORLD WE LIVE IN
  • Aurelian Craiutu, Indiana University
  • Book:
    Why Not Moderation?
    Published online:
    12 October 2023
    Print publication:
    12 October 2023, pp 11-26

  • Summary

    This chapter is conceived as a lively dialogue between the authors and the two imaginary interlocutors with questions and answers. It introduces the topic of the crisis of liberal democracy and possible solutions to it, among them radicalism. The latter is likely to appeal particilarly to the young generation, in search for tranformative change. The chapter calls for caution and prudence in dealing with present challenges.

  • 15 - Economic Methodology

  • from Part III - Conclusion
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book:
    The Inexact and Separate Science of Economics
    Published online:
    25 May 2023
    Print publication:
    08 June 2023, pp 397-433

  • Summary

    Chapter 15 defends the critical implications of chapter 13 against the arguments that arbitrage and experiencing the costs of irrational behavior justify dismissing anomalous experimental results, such as those concerning preference reversals. The chapter then draws out some of the implications for the practice of economics of its philosophical conclusions, drawing on the work of George Akerlof and others who have studied conditional altruism and defended its importance. Chapter 15 also defends the legitimacy of the methodological preaching in this book against criticisms such as those voiced most compellingly by Deirdre McCloskey.