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Full Description
The last decade witnessed an unprecedented annual growth of the literature dealing with the philosophy of economics,as well as the first signs of an institutionalization (conferences, an international journal) of the philosophy of economics as a scientific subject in itself - in particular in the U.S. In 1981 a meeting took place with participants mainly of European "continental" origin. In July 1987, we organized a second conference "Philosophy of Economics II" at Tilburg Uni versity, The Netherlands, mainly aiming at the establishment of first contacts between the middle-European group and researchers from the U.S. The present volume contains the papers presented at this conference. Philosophical thought on economics in recent years split up in many different streams, two of which are represented in the larger part of this volume. The first of these streams was formed by a group of researchers mainly from middle-Europe, who make empirical studies of the logical structures of the different theories as they find them presented in economic literature. Two methods prevail here. First, the structuralist method, as exemplified in the writings of Sneed, Stegmiiller and others, of describing the object of a theory as a set of ("partial potential") models. Such models consist of sets and relationships between these sets, which represent the concepts used in the theory.
Contents
Philosophy of Economics.- Arbitrage Arguments.- Average Explanations.- Are Generic Predictions Enough?.- Self-Refuting Theories of Strategic Interaction: A Paradox of Common Knowledge.- Open Problems in the Foundations of Price Formation Dynamics.- Economics and Technological Change: Some Conceptual and Methodological Issues.- Ordinary Least Squares as a Method of Measurement.- The Development of Marx's Economic Theory.- Structuralist Reconstructions of Classical and Keynesian Macroeconomics.- Stratification of General Equilibrium Theory: A Synthesis of Reconstructions.- Micro-Economic Models of Problem Choice in Basic Science.- On the (Idealizational) Structure of Economic Theories.- Sneed Versus Nowak: An Illustration in Economics.- Further Publications of the Authors.
