Methodology and History of Economics Reflections with and without Rules
This edited volume provides an in-depth exploration into the influential work of Wade Hands, examining the changing relationship between methodology and the history of economics in connection with contemporary developments in economics.
The papers in this volume fall into four parts, each devoted to an important theme in Wade Hands’ work. The first part explores the influence and scope of Reflection without Rules, capturing the rich debate that the book generated about what guides methodological and philosophical thinking in economics. The second part examines Hands’ research on Paul Samuelson’s economics and the methodological dimensions of Samuelson’s thinking. Part three looks to Hands’ long-standing interest in the philosophical foundations of pragmatist thinking. The final part addresses his more recent research in the methodological import of the emergence of behavioural economics. Together, the contributors show how Hands’ insights in complexity theory, identity, and stratification are key to understanding a reconfigured economic methodology. They also reveal how his willingness to draw from multiple academic disciplines gives us a platform for interrogating mainstream economics and provides the basis for a humane yet scientific alternative.
This unique volume will be essential reading for advanced students and researchers across social economics, history of economic thought, economic methodology, political economy, and philosophy of social science.
Introduction: Wade Hands as an Historian and Philosopher of Economics Part 1: Reflection with and without Rules 1. Insider, Outsider, Stranger, Resident Field-Worker? Reflections on Wade Hands’ Authorial Stance in Reflection without Rules 2. Reflections without Rules: Reflections about Rules after Twenty Years 3. Social Aspects of Economics Modelling: Disciplinary Norms and Performativity Part 2: The methodological dimensions and implications of Paul Samuelson’s economics 4. Unification and Pluralism in Economics 5. In Search of Santa Claus: Samuelson, Stigler, and Coase Theorem Worlds 6. Neo-Samuelsonian Methodology, Normative Economics, and the Quantitative Intentional Stance Part 3: Pragmatism 7. Models, Truth, and Analytic Inference in Economics 8. Institutional Economics and John Dewey’s Instrumentalism 9. E. F. Schumacher’s Metanoia: Rejecting Homo Oeconomicus, 1950–1977 Part 4: Behavioral Economics 10. Hands on Nudging 11. Does the Inclusion of Social Preferences in Economic Models Challenge the Positive–Normative Distinction?