Economics and Reality

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Overview

'No reality please. We're economists'. There is a wide spread belief that modern economics is irrelevant to the understanding of the real world. In a controversial and original study, Tony Lawson argues that the root of this irrelevance is in the failure of economists to find methods and tools which are appropriate for the social world it addresses.
Supporting his argument with a wide range of examples, Tony Lawson offers a provocative account of why economics has gone wrong and how it can be put back on track.

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Product Details

  • ISBN-13: 9780415154215
  • Publisher: Taylor & Francis
  • Publication date: 4/17/1997
  • Series: Economics as Social Theory Series
  • Edition description: New Edition
  • Pages: 384
  • Sales rank: 987,012
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.86 (d)

Table of Contents

Preface and acknowledgements
1 Enduring Tensions as Points of Departure 3
2 Realism, Explanation and Science 15
3 The Case for Transcendental Realism 27
4 The Legacy of Positivism 36
5 The Nature of the Argument 43
6 Towards a Richer Ontology 62
7 Econometrics 69
8 Economic 'Theory' 86
9 Alternatives and/or Preliminaries to Successful Explanation 108
10 Subjectivism 134
11 The Limits of Contemporary Economics 152
12 Society and Economy as Reproduced Inter-Dependencies 157
13 A Sketch of the Acting Subject 174
14 Broad Objectives and Possible Obstacles 191
15 Economic Science without Experimentation 199
16 Abstraction 227
17 On Truth in Economics 238
18 Illustration 247
19 Economic Policy and Intended Change 275
20 Economic Science and Prediction 282
Notes 290
Bibliography 335
Name index 352
Subject index 357
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