Foundations of Research in Economics: How Do Economists Do Economics?

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Overview

This stimulating and authoritative book features original essays from leading scholars in the discipline - each of which addresses the question: how should economists do economics? What emerges is a diverse, constructive commentary on how economics is done and how it should be done. Leading thinkers from a wide variety of perspectives and fields address issues such as the scope of economics, the corpus of theory and its stature, the process of theory construction, the place of mathematical formalism, the role of quantitative analysis, the place of institutions in economic analysis, and, inter alia, technical methods of research. Foundations of Research in Economics: How do Economists do Economics? brings together some of the leading figures from many different schools of thought. This volume ranges across all aspects of professional discourse, ensuring that it will be widely read by economists active in many different areas of research while being of particular interest to economic theorists, methodologists and historians of economics.
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Product Details

Table of Contents

List of Tables
List of Contributors
Acknowledgments
Introduction 1
1 Economics is a Historical Process 7
2 Realism in Economic Model Building 18
3 Economics as a Public Science 30
4 Surviving as a Slightly Out of Sync Economist 37
5 Extracting Economic Information From Data: Methedology in an Empirical Discipline 50
6 The Social Science of Wealth 60
7 What is To Be Done (about Economics)? 76
8 Doing Applied Economics: Normative and Positive Aspects 82
9 How I Do Economics 93
10 Towards a Worthwhile Economics 103
11 How Should Economists Do Economics? A Pragmatic Perspective 122
12 How to be a Crazy Economist 131
13 Doing the Economics of Trust and Informal Institutions 142
14 The Predictive Science of Economics? 163
15 Questions, Theory and Data 175
16 The Dark Side of Economic Modeling 191
17 'You're Not Making Sense, You're Just Being Logical' 204
18 Puzzle Solving: Reciprocity, Reasoning and Behavior 216
19 Doing Economics Without Homo Economicus 227
20 What Use is Economic Theory? 238
21 A Dictum for Monetary Theory 248
How Should Economists Do Economics? An Integrative Essay 260
Index 294
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