Paperback. This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics, in which Professor Blaug develops his discussion of the latest developments in macroeconomics, general equilibrium theory and international trade theory. A new section on the rationality postulate is also added. This book examines the nature of economic explanation. The author introduces current thinking in the philosophy of science and reviews the literature on methodology. He looks at the status of welfare economics, and also provides a series of case studies of leading economic controversies, showing how they may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

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Bibliographic Details

Title: The Methodology of Economics: Or, How Economists Explain (Paperback)
Publisher: Cambridge University Press, Cambridge
Publication Date: 1992
Language: English
ISBN 10: 0521436788
ISBN 13: 9780521436786
Binding: Paperback
Edition: 2nd Edition
Condition: new

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Synopsis

This is a revised and updated edition of a classic work on the methodology of economics.

Review

'It is beyond doubt that Blaug's book is one of the few really outstanding works in the recent literature on economic methodology.' Andrea Salanti, Ricerche Economiche

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