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The Methodological Implications of Post Marshallian Economics

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  • Finch, J

Abstract

Brian Loasby's work has an important role in connecting an earlier generation of post Marshallian theorists with contemporary researchers pursuing industry studies in the Marshallian tradition. This paper investigates the methodological consequences of post Marshallian theory by examining the work of Andrews, Penrose and Richardson in the context of modern ideas concerning the history of economic thought and of conducting empirical research in order to develop and enrich a theoretical framework. It is concluded that interpretations of historical texts are the creative achievement of members of a scientific community, and so should not be preoccupied with recovering what the original author really meant; that post Marshallian research may fruitfully be progressed by conducting rigorous case study research which recognises the complexity of organising relations across industries; and that such a research programme must necessarily be conducted within an scientific community, given the painstaking commitment that case study research requires, in order that theoretical generalisations may be attempted.

Suggested Citation

  • Finch, J, "undated". "The Methodological Implications of Post Marshallian Economics," Working Papers 98-01, Department of Economics, University of Aberdeen.
  • Handle: RePEc:wuk:abdnwp:98-01
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    More about this item

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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