This insightful Modern Guide offers a broad coverage of questions and controversies encountered by contemporary economists. A refreshing approach to philosophy of economics, chapters comprise a range of methodological and theoretical perspectives, from lab and field experiments to macroeconomics and applied policy work, written using a familiar, accessible language for economists.
Highlighting key areas of methodological controversy, the Modern Guide looks at estimating utility functions in choice data, causal modelling, and ethics in randomised control trials. Chapters further explore topical issues, including: economists' attitudes to other disciplines; gender bias in economic research; methods of modelling social influence in economics; behavioural welfare economics; anti-poverty policy controversies; and inflexible reliance on DSGE models in macroeconomics. Furthermore, it explores the implications of the last financial crisis for macroeconomic confidence, and ways to adapt abstract theory to everyday policy advice.
Avoiding philosophical jargon, and with the majority of chapters written by economists, this Modern Guide will challenge economists and scholars of philosophy of economics to engage with different approaches to the topic. This will also be a useful tool for policy makers administering nudges, development initiatives, macro-forecasting and monetary policy.
Recenzijos
'This collection of essays is a naturalist take on modern attitudes to the theory and practice of economics. The contributors are naturalists in the sense that biologists understand the term--they comment on what is actually going on in the world of economic research, and how it fits into a general scheme of things. They are modern in the sense that they are not turning over the same old ground, but genuinely thinking anew about the future of economics. Anybody interested in the philosophy of economics will find plenty to agree and disagree with in this timely collection.' -- Ken Binmore, University College London, UK
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vii | |
| Acknowledgements |
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ix | |
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1 Introduction: useful philosophy of economics |
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1 | (13) |
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2 Utility measurement: some contemporary concerns |
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14 | (14) |
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3 Making progress on causal inference in economics |
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28 | (38) |
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4 Experimental design and Bayesian interpretation |
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66 | (24) |
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5 Randomised trials in economics |
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90 | (37) |
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6 Are economists' self-perceptions as epistemically superior self-defeating? |
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127 | (19) |
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7 Gender biases in economics |
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146 | (11) |
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8 On the foundations of behavioural and experimental economics |
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157 | (25) |
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9 Modelling Homo sociologicus: social influence and interdependent behaviour in economics |
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182 | (26) |
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10 Welfare economics in large worlds: welfare and public policies in an uncertain environment |
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208 | (26) |
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11 Poverty measurement and mitigation: a case study of contestation and compromise in South Africa |
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234 | (20) |
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12 Core models in macroeconomics |
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254 | (30) |
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13 The nature of DSGE macroeconomics |
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284 | (28) |
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14 Theory and evidence as drivers of economists' opinions regarding the impact of fiscal stimulus |
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312 | (32) |
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344 | (27) |
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| Index |
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371 | |
Edited by Harold Kincaid, Professor, School of Economics, Faculty of Commerce, University of Cape Town, South Africa and Don Ross, Professor, School of Society, Politics, and Ethics, University College Cork, Ireland; Professor, School of Economics, University of Cape Town, South Africa; Program Director for Methodology, Center for Economic Analysis of Risk, Robinson College of Business, Georgia State University, US
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