Critical realism, grounded theory, and theory construction in heterodox economics
AbstractThis paper proposes an approach to theory creation and evaluation for heterodox economics that is based in the integration of critical realism and the method of grounded theory. Critical realism provides the concepts of structures and causal mechanisms that form the outline of theory construction, while the grounded theory method provides the research strategy to transform them into a theory. After this is set out in the first two sections of the paper, research methods issues, such as data triangulation, case studies, analytical statistics (econometrics), and mathematics and modeling, are discussed. The final section of the paper deals with the historical character of critical realist-grounded theories and the implication for heterodox economic theories.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40341.
Date of creation: Jul 2012
Date of revision:
Heterodox; Critical Realism; Grounded Theory;
Find related papers by JEL classification:
- D0 - Microeconomics - - General
- B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
- NEP-HME-2012-08-23 (Heterodox Microeconomics)
- NEP-HPE-2012-08-23 (History & Philosophy of Economics)
- NEP-PKE-2012-08-23 (Post Keynesian Economics)
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