By Fritz Machlup
Method of Economics and different Social Sciences covers the issues within the methodological elements of economics and different social technological know-how disciplines. This ebook is prepared into seven components encompassing 26 chapters. the 1st elements overview the character and importance of method of economics, besides the types and theories within the box. The succeeding elements care for the verification difficulties, operational recommendations, and interpretation of truth in economics. different elements discover the methodological facets of different social sciences. The final components talk about a few elements and purposes of financial methodologies. This booklet can be of worth to economists, social scientists, and researchers.
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Additional info for Methodology of Economics and Other Social Sciences
He takes pains to combat the fre quent confusions between the genesis and the logical analysis of scientific ideas: We have learned to distinguish investigations of the origin and the development of scientific ideas from studies concerning their meaning, logical structure, and validation. Logical and methodo logical studies amount to an explication, analysis, or reconstruction of scientific knowledge claims. Historical studies concern the evo lution of scientific knowledge in the context of psychological, social, cultural, political, and economic conditions [p.
Very often, however, different methods will coexist within a certain field of in quiry, each leading to certain achievements denied to the others. The idea that for a given field . . one method is exclusively ap propriate is less harmful in physics . . than in psychology and the social sciences. It seems that we shall have to resign ourselves for some time to methodological pluralism in these sciences [p. 74]. Methodology has been plagued by the importation of epistemological questions such as whether the laws of nature have "objective" existence .
These disadvantages are more than balanced by the great advantages of the theoretical language, viz. the great 36 Rudolf Carnap, "Testability and Meaning," Philosophy of Science [Baltimore] Vol. 3 (October 1936), pp. 419-71, and Vol. 4 (January 1937), pp. 1-40. 37 Rudolf Carnap, "The Methodological Character of Theoretical Concepts," in The Foundations of Science and the Concepts of Psychology and Psychoanalysis, edited by Herbert Feigl and Michael Scriven (Minneapolis: University of Minnesota Press, 1956), pp.
Methodology of Economics and Other Social Sciences by Fritz Machlup