Books in the Routledge INEM Advances in Economic Methodology series

The book responds to the need for greater clarity regarding the relationship between descriptive, evaluative and prescriptive approaches within positive and normative economics.

With the failure of economics to predict the recent economic crisis, the image of economics as a rigorous mathematical science has been subjected to increasing interrogation. One explanation for this failure is that the subject took a wrong turn in its historical trajectory, becoming too mathematical. Using the philosophy of mathematics, this unique book re-examines this trajectory.Philosophy of Mathematics and Economics re-analyses the divergent rationales for mathematical economics by some of its principal architects. Yet, it is not limited to simply enhancing our understanding of how economics became an applied mathematical science. The authors also critically evaluate developments in the philosophy of mathematics to expose the inadequacy of aspects of mainstream mathematical economics, as well as exploiting the same philosophy to suggest alternative ways of rigorously formulating economic theory for our digital age. This book represents an innovative attempt to more fully understand the complexity of the interaction between developments in the philosophy of mathematics and the process of formalisation in economics.Assuming no expert knowledge in the philosophy of mathematics, this work is relevant to historians of economic thought and professional philosophers of economics. In addition, it will be of great interest to those who wish to deepen their appreciation of the economic contours of contemporary society. It is also hoped that mathematical economists will find this work informative and engaging.

In economic philosophy, morality is usually seen as a constraint on self-interested maximisation and economic behaviour. The Morality of Economic Behaviour: Economics as Ethics argues that moral behaviour does not need to be exogenously encouraged or enforced because morality is a side effect of interactions between self-interested agents.

Deirdre McCloskey is one of the most recognizable names in economics. She views economics as a language that uses all the rhetorical devices of everyday conversation. This controversial standpoint has been hugely influential in the examination of the methodological and philosophical consequences of her work.

Economics is defined as the science of choice or human action. But choice and action are mental phenomena. Choice, while not always a conscious or rational process, is held to involve beliefs, desires, intentions and even free will. This volume brings economists and philosophers of mind together to explore the intersection of their disciplines.

Addressing the controversial concept of the invisible hand, this book questions, examines and explicates the strengths and weaknesses of the concept by analyzing its paradigmatic examples such as Carl Menger's "Origin of Money" and Thomas Schelling's famous checkerboard model of residential segregation.

Presents a methodological perspective on understanding the essential roles of econometric models in the theory and practice. Offering a comprehensive and comparative exposition of the accounts of models in both econometrics and philosophy of science, this work shows how econometrics and philosophy of science are interconnected.

Aims to develop and defend an empiricist alternative to economic methodologies. This book presents an analysis of case studies which shows that an evidence-based methodology is not only desirable but also possible. It is useful for courses in the philosophy of economics, and for philosophers and economists interested in the area of methodology.

The Philosophy of Economics primarily considers the economic agent as a moral subject. Economics, however, has long overlooked the agent¿s moral¿that is to say, reasonable¿dimension, to focus instead on the strictly rational. This volume seeks to address this neglected topic through exploring the Individual and the Other.

This book provides the first comprehensive and critical examination of Maki's realist philosophy of economics.

With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this book is unique in its approach and will be of great interest to both economic methodologist and those involved in applied economic studies.

The first book that looks at Dewey and Economic Methodology, this intriguing new book contains contributions from economists and philosophers from a wide range of perspectives.

With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this book is unique in its approach and will be of great interest to both economic methodologist and those involved in applied economic studies.

This book provides the first comprehensive and critical examination of Maki's realist philosophy of economics.

The first book that looks at Dewey and Economic Methodology, this intriguing new book contains contributions from economists and philosophers from a wide range of perspectives.

Explores a number of major themes central to the work of Karl Popper. Including expert contributions from thinkers such as Tony Lawson, Vela Velupillai and John McCall, this book documents the tensions that have resulted from Popperian thought.