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Economics without laws : towards a new philosophy of economics / Łukasz Hardt.
Author
Hardt, Łukasz
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Format
Book
Language
English
Published/Created
Cham, Switzerland : Palgrave Macmillan, [2017]
©2017
Description
xiii, 220 pages : illustrations ; 22 cm
Availability
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Location Service
Notes
Firestone Library - Stacks
HB72 .H3373 2017
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Details
Subject(s)
Philosophy and science
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Law and economics
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Economics
—
Philosophy
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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.
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ISBN
9783319548609
3319548603
LCCN
2017946477
OCLC
971348511
Other standard number
13409117
Statement on language in description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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