Economic methodology was formally recognized as a field of economic inquiry in the 1980s, asn was heavily influenced by currents in the philosophy of science, particularly by the reaction against logical positivism as exemplified in the writings of Popper, Kuhn and Lakatos. The authors, bringing to bear a wealth of research and teaching experience, situate the field within the broader philosophy of science tradition. They explore the key refinements to, and extensions and departures from, the field in order to understand issues prevalent in the economic domain.
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Like other sciences, the study of economics has been shaped by rigorous arguments and debates that continue to influence economists today. In this fascinating introduction, Boumans and Davis consider the scientific nature of the methods, logic, and forms of explanation that underlie economics as a discipline.
'An extremely valuable volume which will certainly become an indispensable guide in introducing a student to the modern state of economic methodology.' - Ivan A. Boldyrev, Journal of Economic Methodology
'This is a very innovative, clear, and well-informed text in economic methodology that fills an important niche.' – D. Wade Hands, Professor of Economics, University of Puget Sound and Co-editor of the Journal of Economic Methodology
'This is an excellent book that goes beyond being a textbook. It is a contribution in synthesizing issues in methodology of economics.' – Sohrab Behdad, Professor and John E. Harris Chair in Economics, Denison University
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