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(2017) Encouraging openness, Dordrecht, Springer.
Notes on revisiting Klappholz and Agassi's "methodological prescriptions in economics"
Lucien Foldes
pp. 455-466
I reconsider the paper "Methodological Prescriptions in Economics", Economica, February 1959, by Kurt Klappholz and Joseph Agassi. I criticise the thesis that "there is only one generally applicable methodological rule, and that is the exhortation to be critical […]." I compare the methodology of physics with that of economics, and discuss whether typical economic "laws' are testable hypotheses. I consider whether an approach to economic policy based on welfare economics is biassed. In conclusion, I sketch an approach to economic methodology and suggest some rules of method that may be useful to the working economist.
Publication details
DOI: 10.1007/978-3-319-57669-5_36
Full citation:
Foldes, L. (2017)., Notes on revisiting Klappholz and Agassi's "methodological prescriptions in economics", in N. Bar Am & S. Gattei (eds.), Encouraging openness, Dordrecht, Springer, pp. 455-466.