Overview
- Offers a new philosophical approach to the study of the role of prediction in economics (economic theory and applied economics)
- Provides a deeper analysis of economic as a science following a richer concept of “science” (language, structure, knowledge, method, activity, aims and values)
- Indicates the direct link between philosophical analysis and methodological contributions made by economists
- Provides a better understanding of the role prediction in economic useful for policy-makers
Part of the book series: Theory and Decision Library A: (TDLA, volume 50)
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Table of contents (12 chapters)
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Front Matter
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The Problem of Prediction as a Test for Economics as a Science
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Front Matter
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The General Orientation in Methodology of Science and the Problem of Prediction as a Scientific Test
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Front Matter
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The Methodological Framework of Social Sciences and Economics: Incidence for Prediction as a Test
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Front Matter
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Epistemology and Methodology of Economic Prediction: Rationality and Empirical Approaches
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Front Matter
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Methodological Aspects of Economic Prediction: From Description to Prescription
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Front Matter
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Back Matter
Keywords
- Economic as a science
- Evaluation and limits of prediction in economics
- Falsificationism and levels on prediction
- Methodological framework of economics
- Methods of prediction in economics
- Perspectives on prediction of some Nobel Prize winners
- Philosophy and methodology of the social sciences
- Philosophy of economics
- Prediction and prescription in economics
- Prediction as a test for economics
- Prediction as aim, process, and assessment
- Prediction in economics and action theory
- Prediction in experimental economics
- Prediction of novel facts
- Rationality in economics and scientific prediction
About this book
This book develops a philosophico-methodological analysis of prediction and its role in economics. Prediction plays a key role in economics in various ways. It can be seen as a basic science, as an applied science and in the application of this science. First, it is used by economic theory in order to test the available knowledge. In this regard, prediction has been presented as the scientific test for economics as a science. Second, prediction provides a content regarding the possible future that can be used for prescription in applied economics. Thus, it can be used as a guide for economic policy, i.e., as knowledge concerning the future to be employed for the resolution of specific problems. Third, prediction also has a role in the application of this science in the public arena. This is through the decision-making of the agents — individuals or organizations — in quite different settings, both in the realm of microeconomics and macroeconomics.
Within this context, the research is organized in five parts, which discuss relevant aspects of the role of prediction in economics: I) The problem of prediction as a test for a science; II) The general orientation in methodology of science and the problem of prediction as a scientific test; III) The methodological framework of social sciences and economics: Incidence for prediction as a test; IV) Epistemology and methodology of economic prediction: Rationality and empirical approaches and V) Methodological aspects of economic prediction: From description to prescription. Thus, the book is of interest for philosophers and economists as well as policy-makers seeking to ascertain the roots of their performance. The style used lends itself to a wide audience.
Authors and Affiliations
Bibliographic Information
Book Title: Philosophico-Methodological Analysis of Prediction and its Role in Economics
Authors: Wenceslao J. Gonzalez
Series Title: Theory and Decision Library A:
DOI: https://doi.org/10.1007/978-3-319-08885-3
Publisher: Springer Cham
eBook Packages: Humanities, Social Sciences and Law, Philosophy and Religion (R0)
Copyright Information: Springer International Publishing Switzerland 2015
Hardcover ISBN: 978-3-319-08884-6Published: 20 March 2015
Softcover ISBN: 978-3-319-38005-6Published: 06 October 2016
eBook ISBN: 978-3-319-08885-3Published: 19 February 2015
Series ISSN: 0921-3384
Series E-ISSN: 2352-2119
Edition Number: 1
Number of Pages: XX, 362
Number of Illustrations: 1 b/w illustrations
Topics: Philosophy of the Social Sciences, Methodology of the Social Sciences