Topic
Economic methodology
About: Economic methodology is a research topic. Over the lifetime, 3121 publications have been published within this topic receiving 84365 citations.
Papers published on a yearly basis
Papers
More filters
Posted Content•
TL;DR: In this article, a team of world-renowned experts in the methodology of economics cast new light on Friedman's methodological arguments and practices from a variety of perspectives and provide an invaluable assessment of the impact and contemporary significance of Friedman's seminal work.
Abstract: Milton Friedman's 1953 essay 'The methodology of positive economics' remains the most cited, influential, and controversial piece of methodological writing in twentieth-century economics. Since its appearance, the essay has shaped the image of economics as a scientific discipline, both within and outside of the academy. At the same time, there has been an ongoing controversy over the proper interpretation and normative evaluation of the essay. Perceptions have been sharply divided, with some viewing economics as a scientific success thanks to its adherence to Friedman's principles, others taking it as a failure for the same reason. In this book, a team of world-renowned experts in the methodology of economics cast new light on Friedman's methodological arguments and practices from a variety of perspectives. It provides the 21st century reader with an invaluable assessment of the impact and contemporary significance of Friedman's seminal work.
2,151 citations
Book•
01 Jan 1965
1,764 citations
1,694 citations
Book•
01 Jan 1987
TL;DR: Letiche as mentioned in this paper discusses the relationship between economic behavior and moral sentiment and argues that human beings tend to behave in a way similar to Adam Smith and self-interest and rational behaviour.
Abstract: Foreword: John M. Letiche. Preface. 1. Economic Behaviour and Moral Sentiments. Two Origins. Achievements and Weakness. Economic Behaviour and Rationality. Rationality as Consistency. Self-interest and Rational Behaviour. Adam Smith and Self-interest. 2. Economic Judgements and Moral Philosophy. Interpersonal Comparisons of Utility. Pareto Optimality and Economic Efficiency. Utility, Pareto Optimality and Welfarism. Well-being and Agency. Valuing and Value. Agency and Well-being: Distinction and Interdependence. Utility and Well-being. Achievements, Freedom and Rights. Self-interest and Welfare Economics. Rights and Freedom. 3. Freedom and Consequences. Well-being, Agency and Freedom. Plurality and Evaluation. Incompletenes and Overcompleteness. Conflicts and Impasse. Rights and Consequence. Consequential Assessment and Deontology. Ethics and Economics. Welfare, Goals and Choices. Conduct, Ethics and Economics. References. Author Index. Subject Index.
1,624 citations