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15 - Economic Methodology

from Part III - Conclusion

Published online by Cambridge University Press:  25 May 2023

Daniel M. Hausman
Affiliation:
Rutgers University, New Jersey
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Summary

Chapter 15 defends the critical implications of chapter 13 against the arguments that arbitrage and experiencing the costs of irrational behavior justify dismissing anomalous experimental results, such as those concerning preference reversals. The chapter then draws out some of the implications for the practice of economics of its philosophical conclusions, drawing on the work of George Akerlof and others who have studied conditional altruism and defended its importance. Chapter 15 also defends the legitimacy of the methodological preaching in this book against criticisms such as those voiced most compellingly by Deirdre McCloskey.

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Publisher: Cambridge University Press
Print publication year: 2023

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  • Economic Methodology
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book: The Inexact and Separate Science of Economics
  • Online publication: 25 May 2023
  • Chapter DOI: https://doi.org/10.1017/9781009320283.019
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  • Economic Methodology
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book: The Inexact and Separate Science of Economics
  • Online publication: 25 May 2023
  • Chapter DOI: https://doi.org/10.1017/9781009320283.019
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Economic Methodology
  • Daniel M. Hausman, Rutgers University, New Jersey
  • Book: The Inexact and Separate Science of Economics
  • Online publication: 25 May 2023
  • Chapter DOI: https://doi.org/10.1017/9781009320283.019
Available formats
×