Realism and Inference in Economics: A Note
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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- 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.
- Lawson, Tony, 1989. "Realism and Instrumentalism in the Development of Econometrics," Oxford Economic Papers, Oxford University Press, vol. 41(1), pages 236-58, January.
- Lawson, Tony, 1995. "The 'Lucas Critique': A Generalisation," Cambridge Journal of Economics, Oxford University Press, vol. 19(2), pages 257-76, April.
- Sheila C. Dow, 2002.
"Methodological pluralism and pluralism of method,"
in: A Modern Reader in Institutional and Evolutionary Economics, chapter 8
Edward Elgar Publishing.
- Tony Lawson, 1994. "The Nature of Post Keynesianism and Its Links to Other Traditions: A Realist Perspective," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 16(4), pages 503-538, July.
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