News: Philosohy & History of Economics
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mainly macro: Attacks on mainstream economics and reforming economics teaching

mainly macro: Attacks on mainstream economics and reforming economics teaching | News: Philosohy & History of Economics | Scoop.it
'Idea that mainstream economics & neoliberalism live & die together is just silly' http://t.co/owbOXa5jkI overdue response to Milne et al

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Peter Boettke's curator insight, November 27, 2013 10:33 AM

Fairfly straightforward neo-Keynesian consensus response to the attack on mainstream economics ... mainstream is not neo-liberal; neo-liberal bad, mainstream good (statement 1); mainstream is not forecasting; forecasting bad, mainstrean good (statement 2); mainstream is not austerity; austerity bad (and stupid), mainstream is good (and smart) (statement 3); mainstream is not 100% correct, it requires some revision.  Therefore, we can make slight revisions to mainstream macro, get a slightly more accurate depiction of the world as understood by Keynesians and we are good to go.  As long as classical, Austrian, monetarist and of course the dreaded New Classical ideas are kept at bay, we can proceed happily along.  Oh, we already were doing that  Guardian, so please don't keep picking on mainstream macro.  And it is very good (conclusion) that someone who will not fundamentally challenge the curriculum is in charge of curriculum reform project.  Glorious revolution afoot and such a judious use of George Soros's money.

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Economics as a Branch of Literature, Bart Wilson

Economics as a Branch of Literature, Bart Wilson | News: Philosohy & History of Economics | Scoop.it
Shortly before arriving at Chapman University in 2008 I discovered some essays by Frank Knight. Every graduate student in economics learns about or, at least, has heard references to Frank Knight, one of the original ...

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Peter Boettke's curator insight, September 8, 2013 6:00 PM

I consider Bart one of the most insightful thinkers around ... 

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Economist's View: 'What about Marx?'

Economist's View: 'What about Marx?' | News: Philosohy & History of Economics | Scoop.it
Materialism as a methodology for social science. Social change is driven by ... Marx puts it forward that the economic interests created by the property system in a given society create powerful foundations for collective social action.
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Kenneth Rogoff, Carmen Reinhart and the spell of magic numbers - Financial Times

Kenneth Rogoff, Carmen Reinhart and the spell of magic numbers - Financial Times | News: Philosohy & History of Economics | Scoop.it
Kenneth Rogoff, Carmen Reinhart and the spell of magic numbers
Financial Times
In terms of methodology, however, medicine is closer to economics.
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Economics as a Branch of Literature, Bart Wilson | EconLog | Library ...

Economics as a Branch of Literature, Bart Wilson | EconLog | Library ... | News: Philosohy & History of Economics | Scoop.it
Given the demands of academic specialization, experimental economists have precious little time to ponder the philosophy of science, much less the philosophy of social science, but that doesn't deter us from calling the professional association of...
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Journal: Journal of Economic Methodology, Vol. 20/2 (July 2013 ...

... (Braga, Portugal) · Conference: Philosophy of Social Sciences, 3-4 September, 2013, ENPOSS & PSSR (Venice, Italy) → ... Teschl and Pattanaik“.
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"Saving Economics from the Economists" by Ronald Coase

Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship. The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate.

 

That was not the case in the past. When modern economics was born, Adam Smith envisioned it as a study of the “nature and causes of the wealth of nations.” His seminal work, The Wealth of Nations,was widely read by businessmen, even though Smith disparaged them quite bluntly for their greed, shortsightedness, and other defects. The book also stirred up and guided debates among politicians on trade and other economic policies. The academic community in those days was small, and economists had to appeal to a broad audience. Even at the turn of the 20th century, Alfred Marshall managed to keep economics as “both a study of wealth and a branch of the study of man.” Economics remained relevant to industrialists.

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Economic Thought - History, Philosophy, and Methodology

http://et.worldeconomicsassociation.org

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What Use Are Economists? by Dani Rodrik - Project Syndicate

What Use Are Economists? by Dani Rodrik - Project Syndicate | News: Philosohy & History of Economics | Scoop.it
Along with a relatively minor spreadsheet error, they identified some methodological choices in the original Reinhart/Rogoff work that threw the robustness of their results into question. Most important, even though debt levels and growth ....
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A Brief Social Science Methodology Primer – Renowned Harvard ...

A Brief Social Science Methodology Primer – Renowned Harvard ... | News: Philosohy & History of Economics | Scoop.it
We now know that an important result of the Reinhart-Rogoff work on the relationship between public debt and economic growth hung – because of both computational errors and debatable methodological choices – on a ...
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Praxeology: The Methodology of Austrian Economics | Mises ...

Praxeology: The Methodology of Austrian Economics | Mises ... | News: Philosohy & History of Economics | Scoop.it
[1] While the praxeological method is, to say the least, out of fashion in contemporary economics as well as in social science generally and in the philosophy of science, it was the basic method of the earlier Austrian School and also of a ....
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Feminist Economics Syllabus « Lady Economist

Feminist Economics Syllabus « Lady Economist | News: Philosohy & History of Economics | Scoop.it
The feminist economics project tries to overcome these limitations of mainstream economic theory not only to bring up new questions in economics, but also more fundamentally explore the different ways in which questions can be answered.
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