Economics and Reality

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Psychology Press, 1997 - 364 pages
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'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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Contents

ENDURING TENSIONS AS POINTS OF DEPARTURE
3
REALISM EXPLANATION AND SCIENCE
15
THE CASE FOR TRANSCENDENTAL REALISM
27
THE LEGACY OF POSITIVISM
36
THE NATURE OF THE ARGUMENT
43
TOWARDS A RICHER ONTOLOGY
62
ECONOMETRICS
69
ECONOMIC THEORY
86
BROAD OBJECTIVES AND POSSIBLE OBSTACLES
191
ECONOMIC SCIENCE WITHOUT
199
ABSTRACTION
227
ON TRUTH IN ECONOMICS
238
ILLUSTRATION
247
ECONOMIC POLICY AND INTENDED CHANGE
275
ECONOMIC SCIENCE AND PREDICTION
282
Notes
290

ALTERNATIVES ANDOR PRELIMINARIES
108
SUBJECTIVISM
134
THE LIMITS OF CONTEMPORARY ECONOMICS
152
A SKETCH OF THE ACTING SUBJECT
174

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