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International Studies in Phenomenology and Philosophy

Series | Book | Chapter

197205

Notes on revisiting Klappholz and Agassi's "methodological prescriptions in economics"

Lucien Foldes

pp. 455-466

Abstract

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

Published in:

Bar Am Nimrod, Gattei Stefano (2017) Encouraging openness: essays for Joseph Agassi on the occasion of his 90th birthday. Dordrecht, Springer.

Pages: 455-466

DOI: 10.1007/978-3-319-57669-5_36

Full citation:

Foldes Lucien (2017) „Notes on revisiting Klappholz and Agassi's "methodological prescriptions in economics"“, In: N. Bar Am & S. Gattei (eds.), Encouraging openness, Dordrecht, Springer, 455–466.