IDEAS home Printed from
   My bibliography  Save this article

A revision of the neoclassical economics methodology


  • Geert Reuten


The practice of neoclassical economics is characterized as an 'axiomatic positivism', which is far removed from the official (Popper-Lakatos) methodology of neoclassicism. Hausman (1992) attempts to provide a full revision of that official methodology, for which he takes recourse to the methodological work of J.S. Mill. Hausman's methodology is problematical because of: (1) an inadequate distinction between a normative and a descriptive methodology; (2) an insufficient consideration of the empirical stages of theory appraisal; (3) a misleading account of the tendential character of economic generalizations, as revealed by his treatment of them as ceteris paribus formulations. Further, an arbitrary part of the theory assessment in Hausman's approach seems to run in praxeological terms, apparently divorced from the methodological appraisal.

Suggested Citation

  • Geert Reuten, 1996. "A revision of the neoclassical economics methodology," Journal of Economic Methodology, Taylor & Francis Journals, vol. 3(1), pages 39-68.
  • Handle: RePEc:taf:jecmet:v:3:y:1996:i:1:p:39-68
    DOI: 10.1080/13501789600000002

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jecmet:v:3:y:1996:i:1:p:39-68. 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: (Chris Longhurst). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.