Overview
- A bold new vision of economics written from a new point of view
- Reinterprets the very nature of how we think about economics
- Written by one of the leading voices in the field
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (7 chapters)
Keywords
About this book
This book offers a vision of economics in which there is no place for universal laws of nature, and even for laws of a more probabilistic character. The author avoids interpreting the practice of economics as something that leads to the formulation of universal laws or laws of nature. Instead, chapters in the book follow the method of contemporary philosophy of science: rather than formulating suggestions for practicing scientists of how they should do research, the text describes and interprets the very practice of scientific research. This approach demonstrates how economists can explain economic phenomena not by subsuming them under general laws, but rather by building models of these phenomena, by referring to causes, or even by investigating what is in the nature of given factors, events, or circumstances to produce.
Reviews
âEconomics Without Laws is a real page-turner. The book makes two fundamental contributions to the philosophy of economics. First, it destroys the positivist conceit that economics was ever a science of universal generalisations. Through a detailed analysis of the writings of Smith, Ricardo, Mill, and Marshall, it argues persuasively that economists have regarded fundamental principles as approximate, context-dependent, and prone to exceptions right from the start. Second, it makes a range of novel proposals for for explaining economic phenomena when there are no laws: though causes, through models, through mathematical relations. Anyone interested in the foundations of economics should read it.â (Julian Reiss, Durham, UK)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Economics Without Laws
Book Subtitle: Towards a New Philosophy of Economics
Authors: Ćukasz Hardt
DOI: https://doi.org/10.1007/978-3-319-54861-6
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-54860-9Published: 02 October 2017
Softcover ISBN: 978-3-319-85504-2Published: 18 August 2018
eBook ISBN: 978-3-319-54861-6Published: 22 September 2017
Edition Number: 1
Number of Pages: XIII, 220
Number of Illustrations: 4 b/w illustrations
Topics: History of Economic Thought/Methodology, Philosophy of Science, Law and Economics