Hahn and Economic Methodology

By Thomas Boylan, Paschal O'Gorman

© 2010 – Routledge

166 pages

Purchasing Options:
Paperback: 9781138810655
pub: 2014-06-23
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Hardback: 9780415213486
pub: 2012-01-16
US Dollars$160.00
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About the Book

Hahn on Methodology: The Quest for Understanding addresses two fundamental questions: (i) what is distinctive about economic theorising?; (ii) what is the cognitive value of the outcome of this activity of economic theorising, i.e. economic theory. We will argue that for Hahn, economic theorising is distinctive with respect to four dimensions. Firstly, the aim of economic theory is neither to describe nor explain the real economic world, as in the physical sciences. Rather the aim is to achieve objective, but non-scientific, understanding. Secondly, the central question for economic theory remains for Hahn how to understand, but not to predict as in physics for instance, how decentralised choices interact and perhaps get co-ordinated. Thirdly, Hahn identifies ‘three commitments’ without which, he argues, economic theorising for him is not possible. Finally, economic theorising has a distinctive approach, which Hahn calls its ‘grammar of argumentation’

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Table of Contents

1. Introduction 2. Hahn in Context: An Overview 3. Hahn's Hostility to Methodology 4. In defence of Economic Theorising 5. The Core of Neoclassical Economics 6. Economics and Axiomatization 7. Kaldor and Hahn on Equilibrium Economics 8. Economics, Mathematics and Rationality: A New Grammar of Argumentation 9. Economic Theory and Han's Virtues of Understanding

About the Authors

Thomas A. Boylan is Personal Professor of Economics at the National University of Ireland, Galway.

Paschal F. O’Gorman is Personal Professor of Philosophy at the National University of Ireland, Galway.

Both Professors have collaborated over the last 20years and have co-written and co-edited a number of books (all with Routledge), and published extensively in an array of international journals.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory