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Some Claims Made for Critical Realism in Economics: Two Case Studies

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Abstract

The article critically examines claims made by two prominent critical realists on behalf of their philosophy - on the Marx’s law of the tendency of the rate of profit to fall and on the workplace organization theory of the relative decline of the British economy. These two case studies raise important questions concerning critical realism in economics. The character of critical realism as a movement is also analyzed.

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  • G. Hodgson, 2006. "Some Claims Made for Critical Realism in Economics: Two Case Studies," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
  • Handle: RePEc:nos:voprec:y:2006:id:1758
    DOI: 10.32609/0042-8736-2006-7-37-52
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    1. is not listed on IDEAS
    2. Giandomenica Becchio, 2020. "The Two Blades of Occam's Razor in Economics: Logical and Heuristic," Economic Thought, World Economics Association, vol. 9(1), pages 1-17, July.
    3. Melia, Dr Steve, 2019. "Why did UK governments cut road building in the 1990s and expand it after 2010?," Transport Policy, Elsevier, vol. 81(C), pages 242-253.
    4. Hassan Danaeefard, 2022. "Implication studies: a methodological framework," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(5), pages 3159-3188, October.

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