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The book explores the scientific status and methodology of economics, questioning its distinction from both natural and social sciences. It addresses the complexity of economic theories and their reliance on generalizations, examining whether these can genuinely be classified as scientific. The updated edition incorporates recent developments in economics and philosophy, featuring a new chapter on macroeconomic methodology, enhanced discussions on modeling, causal inference, and behavioral economics, making it an essential resource for students studying modern economic methodologies.
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The Inexact and Separate Science of Economics, Daniel M. Hausman
- Language
- Released
- 1996
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- Title
- The Inexact and Separate Science of Economics
- Language
- English
- Authors
- Daniel M. Hausman
- Publisher
- Cambridge University Press
- Released
- 1996
- ISBN10
- 0521425239
- ISBN13
- 9780521425230
- Category
- Business and Economics
- Description
- The book explores the scientific status and methodology of economics, questioning its distinction from both natural and social sciences. It addresses the complexity of economic theories and their reliance on generalizations, examining whether these can genuinely be classified as scientific. The updated edition incorporates recent developments in economics and philosophy, featuring a new chapter on macroeconomic methodology, enhanced discussions on modeling, causal inference, and behavioral economics, making it an essential resource for students studying modern economic methodologies.