Advanced Search
MyIDEAS: Login

Invisible Hand in the Process of Making Economics or on the Method and Scope of Economics

Contents:

Author Info

  • Turan Yay

    ()
    (Department of Economics, Yildiz Technical University, Istanbul, Turkey)

  • Huseyin Tastan

    ()
    (Department of Economics, Yildiz Technical University, Istanbul, Turkey)

Abstract

As a social science, economics cannot be reduced to simply an a priori science or an ideology. In addition economics cannot be solely an empirical or a historical science. Economics is a research field which studies only one dimension of human behavior, with the four fields of mathematics, econometrics, ethics and history intersecting one another. The purpose of this paper is to discuss the two parts of the proposition above, in connection with the controversies surrounding the method and the scope of economics: economics as an applied mathematics and economics as a predictive/empirical science.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.panoeconomicus.rs/casopis/2010_1/04.pdf
Download Restriction: no

Bibliographic Info

Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

Volume (Year): 57 (2010)
Issue (Month): 1 (March)
Pages: 61-83

as in new window
Handle: RePEc:voj:journl:v:57:y:2010:i:1:p:61-83

Contact details of provider:
Web page: http://www.panoeconomicus.rs/

Related research

Keywords: Invisible hand; Scope and method in economics; Economics as an applied mathematics; Economics as an empirical science; Economics as ideology.;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Leontief, Wassily, 1971. "Theoretical Assumptions and Nonobserved Facts," American Economic Review, American Economic Association, vol. 61(1), pages 1-7, March.
  2. Robert J. Leonard, 1993. "Reason, Ethics and Rigour: Morgenstern, Menger, and Mathematical Economics, 1928 - 1944," Cahiers de recherche du Département des sciences économiques, UQAM 9403, Université du Québec à Montréal, Département des sciences économiques.
  3. Paula E. Stephan, 1996. "The Economics of Science," Journal of Economic Literature, American Economic Association, vol. 34(3), pages 1199-1235, September.
  4. Sheila Dow, 2002. "Methodology in a pluralist environment," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(1), pages 33-40.
  5. Robert J. Leonard, 1992. "Reading Cournot, Reading Nash / or / The Emergence and Stabilization of the Nash equilibrium," Cahiers de recherche du Département des sciences économiques, UQAM 9214, Université du Québec à Montréal, Département des sciences économiques.
  6. Grubel, Herbert G & Boland, Lawrence A, 1986. "On the Efficient Use of Mathematics in Economics: Some Theory, Facts and Results of an Opinion Survey," Kyklos, Wiley Blackwell, vol. 39(3), pages 419-42.
  7. Debreu, Gerard, 1986. "Theoretical Models: Mathematical Forms and Economic Content," Econometrica, Econometric Society, vol. 54(6), pages 1259-70, November.
  8. Robert J. Leonard, 1993. "From Von Neumann to Nash: Economics, Game Theory and Social Process," Cahiers de recherche du Département des sciences économiques, UQAM 9313, Université du Québec à Montréal, Département des sciences économiques.
  9. Cross, Rodney, 1982. "The Duhem-Quine Thesis, Lakatos and the Appraisal of Theories in Macroeconomics," Economic Journal, Royal Economic Society, vol. 92(366), pages 320-40, June.
  10. Debreu, Gerard, 1984. "Economic Theory in the Mathematical Mode," American Economic Review, American Economic Association, vol. 74(3), pages 267-78, June.
  11. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 481-517, June.
  12. Debreu, Gerard, 1991. "The Mathematization of Economic Theory," American Economic Review, American Economic Association, vol. 81(1), pages 1-7, March.
  13. Backhouse, Roger E, 1998. "If Mathematics Is Informal, Then Perhaps We Should Accept That Economics Must Be Informal Too," Economic Journal, Royal Economic Society, vol. 108(451), pages 1848-58, November.
  14. Coase, Ronald, 1998. "The New Institutional Economics," American Economic Review, American Economic Association, vol. 88(2), pages 72-74, May.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:voj:journl:v:57:y:2010:i:1:p:61-83. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ivana Horvat) The email address of this maintainer does not seem to be valid anymore. Please ask Ivana Horvat to update the entry or send us the correct address.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.