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Is Macroeconomics a Science?

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  • Barnett, William A.

Abstract

This paper was written as the first draft of the invited Foreword for the book, Money and the Economy, by Apostolos Serletis. The paper provides a critical view of those areas in which methodology in economics deviates from that in the physical sciences, provides examples and illustrations of those deviations, and emphasizes those areas of and approaches to economic research that most closely correspond with the nature of research in the physical sciences.

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File URL: http://mpra.ub.uni-muenchen.de/415/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 415.

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Date of creation: 30 Jan 2006
Date of revision:
Handle: RePEc:pra:mprapa:415

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Keywords: science; social science; politics; Federal Reserve; monetary policy;

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  1. William A. Barnett & Paul A. Samuelson & E. Roy Weintraub, 2005. "Inside the Economist's Mind: The History of Modern Economic Thought, as Explained by Those Who Produced It," Method and Hist of Econ Thought 0511002, EconWPA.
  2. William Barnett & Apostolos Serletis & W. Erwin Diewert, 2005. "The Theory of Monetary Aggregation (book front matter)," Macroeconomics 0511008, EconWPA.
  3. William Barnett, 2005. "Monetary Aggregation," Macroeconomics 0503017, EconWPA.
  4. William A. Barnett & Jane Binner & W. Erwin Diewert, 2005. "Functional Structure and Approximation in Econometrics (book front matter)," Econometrics 0511006, EconWPA.
  5. William Barnett & Barry E. Jones & Milka Kirova & Travis D. Nesmith & Meenakshi Pasupathy1, 2004. "The Nonlinear Skeletons in the Closet," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200403, University of Kansas, Department of Economics, revised May 2004.
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