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Realism and Inference in Economics: A Note

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Dr Paul Downward
Abstract

Despite the widespread appeal to realism as a philosophical doctrine in political economy in general and post Keynesian economics in particular, a variety of epistemological approaches have evolved. This paper reviews these approaches and, based on a synthesis of these ideas offers a broader more operational notion of inference, consistent with the epistemology of Keynes, that includes a constructive role for econometrics.

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Paper provided by Staffordshire University, Business School in its series Working Papers with number 98-7.

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Handle: RePEc:wuk:stafwp:98-7

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  1. Lawson, Tony, 1989. "Realism and Instrumentalism in the Development of Econometrics," Oxford Economic Papers, Oxford University Press, vol. 41(1), pages 236-58, January. [Downloadable!] (restricted)
  2. Lawson, Tony, 1995. "The 'Lucas Critique': A Generalisation," Cambridge Journal of Economics, Oxford University Press, vol. 19(2), pages 257-76, April.
  3. Arestis, Philip, 1990. "Post-Keynesianism: A New Approach to Economics," Review of Social Economy, Taylor and Francis Journals, vol. 48(3), pages 222-46, Fall.
  4. Sheila C Dow, 1994. "Methodological Pluralism and Pluralism of Method," Working Papers Series 94/10, University of Stirling, Department of Economics.
  5. Lawson, Tony, 1989. "Abstraction, Tendencies and Stylised Facts: A Realist Approach to Economic Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 13(1), pages 59-78, March.
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This page was last updated on 2009-11-19.

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