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This collection of papers may be more appealing to the HN crowd. They give a more technical critique of the practice of economics. Alfred S. Eichner. (1983). W
by wrp 4y ago
This collection of papers may be more appealing to the HN crowd. They give a more technical critique of the practice of economics.
Alfred S. Eichner. (1983). Why Economics is not yet a Science.
1. Introduction.
2. What do we mean by asking whether economics is a science?
3. Modern empiricism and quantum-leap theorizing in economics.
4. Ideology, methodology, and neoclassical economics.
5. A behavioral theory of economists' behavior.
6. The development of contemporary mainstream macroeconomics: Vision, ideology, and theory.
7. How economists misuse mathematics.
8. Institutional analysis: Toward progress in economic science.
9. Why economics is not yet a science.
The unifying theme of the papers is that there is no empirical support for the foundational propositions of the dominant theoretical framework. They argue that for economics to become a science, it must shift its focus to testable claims.
I think the best chapter is 7. The author's field is optimal control theory, and he argues that it is misapplied to economics.