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Economics Mathematical Politics or Science of Diminishing Returns?

by Alexander Rosenberg

  • ISBN: 9780226727240
  • ISBN10: 0226727246

Economics Mathematical Politics or Science of Diminishing Returns?

by Alexander Rosenberg

  • Binding: Paperback
  • Publisher: Univ of Chicago Pr
  • Publish date: 10/01/1994
  • ISBN: 9780226727240
  • ISBN10: 0226727246
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Description: PrefaceCh. 1: What Does the Philosophy of Science Have to Do with Economics?The real relation between philosophy and science The mutual constraints of goals, theories, and rules The proximate goals of economicsCh. 2: Two Dead Ends in the Philosophy of EconomicsDoes philosophy constrain economics? Economics without epistemology The role of prediction in biology, physics, and economicsCh. 3: Is Economic Theory Predictively Successful?Friedman on the predictive weakness of economic theory Leontief on the same subject Are generic predictions enough? Generic predictions in Keynesian macroeconomics and rational expectations theory Gibbard and Varian on economic models as caricaturesCh. 4: Neoclassical Economics as a Research ProgramThe methodology of scientific research programs Lakatosian consolations for economists Research programs and the demarcation problem Down the slippery slope to McCloskeyCh. 5: Economics and Intentional PsychologyExpectations and preferences, beliefs and desires The problem of improvability Economics and linguistics: Nelson's gambit Are there expectations and preferences? ConclusionCh. 6: Could Economics Be a Biological Science?The problem of exogenous tastes Becker's new theory of consumer choice Stable preferences as human needs Can we "naturalize" information? Generic predictions and the temptation of biology Darwin, Friedman, and Alchain Equilibrium and information in evolution and economics ConclusionCh. 7: Why General Equilibrium Theory?"Economics just is general equilibrium analysis" Can we have partial equilibrium without general equilibrium? What needs explanation? Can general equilibrium theory explain it?General equilibrium and the social contract Are generic predictions enough after all?Ch. 8: Is Economic Theory Mathematics?Extremal theories and intentionality Economics as applied mathematics Microeconomics and Euclidean geometry But is it science? Bibliography Index
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