Economics without laws : towards a new philosophy of economics / Łukasz Hardt.

Author
Hardt, Łukasz [Browse]
Format
Book
Language
English
Published/​Created
  • Cham, Switzerland : Palgrave Macmillan, [2017]
  • ©2017
Description
xiii, 220 pages : illustrations ; 22 cm

Availability

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Firestone Library - Stacks HB72 .H3373 2017 Browse related items Request

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    Subject(s)
    Summary note
    This book offers a vision of economics in which there is no place for universal laws of nature, and even for laws of a more probabilistic character. The author avoids interpreting the practice of economics as something that leads to the formulation of universal laws or laws of nature. Instead, chapters in the book follow the method of contemporary philosophy of science: rather than formulating suggestions for practicing scientists of how they should do research, the text describes and interprets the very practice of scientific research. This approach demonstrates how economists can explain economic phenomena not by subsuming them under general laws, but rather by building models of these phenomena, by referring to causes, or even by investigating what is in the nature of given factors, events, or circumstances to produce.
    Bibliographic references
    Includes bibliographical references (pages 199-215) and index.
    Contents
    • 1. On the Nature of Economic Laws: From A. Smith to A. Marshall
    • 2. The Demise of Laws in Economics
    • 3. Between Isolations and Constructions: Economic Models as Believable Worlds
    • 4. Distinctively Mathematical Explanations in Economics
    • 5. Causal Explanations in Economics.
    ISBN
    • 9783319548609
    • 3319548603
    LCCN
    2017946477
    OCLC
    971348511
    Other standard number
    • 13409117
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