Contemporary methods and Austrian economics
Austrian economics is known for extensive--and many economists would say excessive--ruminations on methodology. Attempting to steer a middle course between radical forms of historicism (there are no economic laws) and scientism (economic laws are as precise as physical laws), this approach often app...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
United Kingdom ; North America ; Japan ; India ; Malaysia ; China
Emerald Publishing
[2022]
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| Ausgabe: | First edition |
| Schriftenreihe: | Advances in Austrian economics
volume 26 |
| Schlagworte: | |
| Online-Zugang: | FHN01 FUBA1 FWS01 FWS02 UBY01 UEI03 UER01 UEI01 UBT01 URL des Erstveröffentlichers |
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| Zusammenfassung: | Austrian economics is known for extensive--and many economists would say excessive--ruminations on methodology. Attempting to steer a middle course between radical forms of historicism (there are no economic laws) and scientism (economic laws are as precise as physical laws), this approach often appears to diminish the importance of empirical testing and quantitative methods more generally. Since the Austrian revival of the 1970's, social scientists have developed a number of new theoretical and empirical approaches to studying the social world. Experimental and behavioral economics have exploded in popularity. Econometrics has arguably taken a more central role in the discipline than even formal economic theory. And, most prominently, econometricians have developed quasi-experimental techniques for examining real-world data as part of the "credibility revolution." This volume, Contemporary Methods and Austrian Economics, examines the relationship between Austrian economics and these new social scientific methods. Do Austrian critiques of the excessive ambitions of formal theory and empirical measurement still hold water (if they ever did)? Do the findings of these new approaches bolster or undermine distinctively Austrian theories? How should we update our views on the relationship between abstract economic theory and empirical investigations?... |
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| Beschreibung: | 1 Online-Ressource (xii, 167 Seiten) |
| ISBN: | 9781802622874 9781802622898 |
| DOI: | 10.1108/S1529-2134202226 |