The Inexact and Separate Science of Economics

by Daniel M. Hausman

Subject categories
ISBNs
  • 9780521415019
  • 9781139240543
This book offers a comprehensive overview of the structure, strategy and methods of assessment of orthodox theoretical economics. In Part I Professor Hausman explains how economists theorise, emphasising the essential underlying commitment of economists to a vision of economics as a separate science. In Part II he defends the view that the basic axioms of economics are 'inexact' since they deal only with the 'major' causes; unlike most writers on economic methodology, the author argues that it is the rules that economists espouse rather than their practice that is at fault. Part III links the conception of economics as a separate science to the fact that economic theories offer reasons and justifications for human actions, not just their causes. With its lengthy appendix introducing relevant issues in philosophy of science, this book is a major addition to philosophy of economics and of social science.

  • Cambridge University Press; January 1992
  • ISBN: 9781139240543
  • Read online, or download in secure PDF format
  • Title: The Inexact and Separate Science of Economics
  • Author: Daniel M. Hausman
  • Imprint: Cambridge University Press
Subject categories
ISBNs
  • 9780521415019
  • 9781139240543

In The Press

"Overall, this book is well written, cogently argued, and extremely thought provoking. Hausman has a thorough grasp of both the important philosophical literature and the important economic literature. And the book contains an excellent short appendix discussing the major issues in the philosophy of science." Choice