The Nature and Method of Economic Sciences

The Nature and Method of Economic Sciences
Author: Ricardo F Crespo
Publisher: Routledge
Total Pages: 232
Release: 2021-09-30
Genre:
ISBN: 9781032173627

The Nature and Method of Economic Sciences: Evidence, Causality, and Ends argues that economic phenomena can be examined from five analytical levels: a statistical descriptive approach, a causal explanatory approach, a teleological explicative approach, a normative approach and, finally, the level of application. The above viewpoints are undertaken by different but related economic sciences, including statistics and economic history, positive economics, normative economics, and the 'art of political economy'. Typically, positive economics has analysed economic phenomena using the second approach, causally explaining and often trying to predict the future evolution of the economy. It has not been concerned with the ends selected by the individual or society, taking them as given. However, various new economic currents have emerged during the last 40 years, and some of these do assign a fundamental role to ends within economics. This book argues that the field of positive economics should adapt to deal with the issues that arise from this. The text attempts to discern the nature of economic phenomena, introducing the different approaches and corresponding economic sciences. It goes on to analyse the epistemological characteristics of these in the subsequent chapters, as well as their disciplinary interrelations. This book is a valuable resource for students and scholars of the social sciences, philosophy, and the philosophy of economics. It will also be of interest to those researching political economy and the development of economic thought.

How Economics Shapes Science

How Economics Shapes Science
Author: Paula Stephan
Publisher: Harvard University Press
Total Pages: 318
Release: 2015-09-07
Genre: Business & Economics
ISBN: 0674267559

The beauty of science may be pure and eternal, but the practice of science costs money. And scientists, being human, respond to incentives and costs, in money and glory. Choosing a research topic, deciding what papers to write and where to publish them, sticking with a familiar area or going into something new—the payoff may be tenure or a job at a highly ranked university or a prestigious award or a bump in salary. The risk may be not getting any of that. At a time when science is seen as an engine of economic growth, Paula Stephan brings a keen understanding of the ongoing cost-benefit calculations made by individuals and institutions as they compete for resources and reputation. She shows how universities offload risks by increasing the percentage of non-tenure-track faculty, requiring tenured faculty to pay salaries from outside grants, and staffing labs with foreign workers on temporary visas. With funding tight, investigators pursue safe projects rather than less fundable ones with uncertain but potentially path-breaking outcomes. Career prospects in science are increasingly dismal for the young because of ever-lengthening apprenticeships, scarcity of permanent academic positions, and the difficulty of getting funded. Vivid, thorough, and bold, How Economics Shapes Science highlights the growing gap between the haves and have-nots—especially the vast imbalance between the biomedical sciences and physics/engineering—and offers a persuasive vision of a more productive, more creative research system that would lead and benefit the world.

The Making of the Economy

The Making of the Economy
Author: Till Düppe
Publisher: Lexington Books
Total Pages: 250
Release: 2011
Genre: Business & Economics
ISBN: 0739164198

How did modern man come to believe in the object of the economy? What hopes made us accept scientific authority about this illusive thing? What kinds of persons were attracted by objective knowledge in economic discourse? And how does this knowledge guide our economic life? The Making of the Economy tackles such questions surrounding the modern notion of the economy with a fresh look from phenomenological philosophy. In a historical narrative of economic discourses, Till D ppe shows that only due to the scientific culture of economics we speak of an economy. Economic science made the economy. Our economic experiences alone do not trigger an interest in the economy--which makes Husserl's case for the "forgetfulness of the life-world." D ppe's historical narrative focuses on the emergence of formal economic analysis out of a series of successive life-worlds, or concrete historical situations, an approach which generates a new substantive understanding of both the history of economics and the current discourse of crisis surrounding economics. The book will appeal to historians and philosophers of the social sciences, as well as scholars of history, philosophy, and economics.

The Nature and Method of Economic Sciences

The Nature and Method of Economic Sciences
Author: Ricardo F. Crespo
Publisher: Routledge
Total Pages: 328
Release: 2020-03-04
Genre: Business & Economics
ISBN: 0429842082

The Nature and Method of Economic Sciences: Evidence, Causality, and Ends argues that economic phenomena can be examined from five analytical levels: a statistical descriptive approach, a causal explanatory approach, a teleological explicative approach, a normative approach and, finally, the level of application. The above viewpoints are undertaken by different but related economic sciences, including statistics and economic history, positive economics, normative economics, and the ‘art of political economy’. Typically, positive economics has analysed economic phenomena using the second approach, causally explaining and often trying to predict the future evolution of the economy. It has not been concerned with the ends selected by the individual or society, taking them as given. However, various new economic currents have emerged during the last 40 years, and some of these do assign a fundamental role to ends within economics. This book argues that the field of positive economics should adapt to deal with the issues that arise from this. The text attempts to discern the nature of economic phenomena, introducing the different approaches and corresponding economic sciences. It goes on to analyse the epistemological characteristics of these in the subsequent chapters, as well as their disciplinary interrelations. This book is a valuable resource for students and scholars of the social sciences, philosophy, and the philosophy of economics. It will also be of interest to those researching political economy and the development of economic thought.

Economic Sciences, 1996-2000

Economic Sciences, 1996-2000
Author: Torsten Persson
Publisher: World Scientific
Total Pages: 382
Release: 2003
Genre: Business & Economics
ISBN: 9789810249618

Below is a list of the prizewinners during the period 1996 ? 2000 with a description of the works which won them their prizes: (1996) J A MIRRLEES & W S VICKREY ? for their fundamental contributions to the economic theory of incentives under asymmetric information; (1997) R C MERTON & M A SCHOLES ? for a new method to determine the value of derivatives; (1998) A K SEN ? for his contributions to welfare economics; (1999) R A MUNDELL ? for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas; (2000) J J HECKMAN ? for his development of theory and methods for analyzing selective samples & D L McFADDEN ? for his development of theory and methods for analyzing discrete choice.

Economic Sciences, 1969-1980

Economic Sciences, 1969-1980
Author: Assar Lindbeck
Publisher: World Scientific
Total Pages: 476
Release: 1992
Genre: Business & Economics
ISBN: 9789810208349

Below is a list of the prizewinners during the period 1969 ? 1980 with a description of the works which won them their prizes: (1969) R FRISCH & J TINBERGEN ? for having developed and applied dynamic models for the analysis of economic processes; (1970) P SAMUELSON ? for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science; (1971) S KUZNETS ? for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development; (1972) J R HICKS & K J ARROW ? for their pioneering contributions to general economic equilibrium theory and welfare theory; (1973) W LEONTIEF ? for the development of the input-output method and for its application to important economic problems; (1974) G MYRDAL & F A VON HAYEK ? for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena; (1975) L KANTOROVICH & T KOOPMANS ? for their contributions to the theory of optimum allocation of resources; (1976) M FRIEDMAN ? for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy; (1977) B OHLIN & J MEADE ? for their pathbreaking contribution to the theory of international trade and international capital movements; (1978) H A SIMON ? for his pioneering research into the decision-making process within economic organizations; (1979) T W SCHULTZ & A LEWIS ? for their pioneering research into economic development research with particular consideration of the problems of developing countries; (1980) L R KLEIN ? for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies.

The Economic and Fiscal Consequences of Immigration

The Economic and Fiscal Consequences of Immigration
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 643
Release: 2017-07-13
Genre: Social Science
ISBN: 0309444454

The Economic and Fiscal Consequences of Immigration finds that the long-term impact of immigration on the wages and employment of native-born workers overall is very small, and that any negative impacts are most likely to be found for prior immigrants or native-born high school dropouts. First-generation immigrants are more costly to governments than are the native-born, but the second generation are among the strongest fiscal and economic contributors in the U.S. This report concludes that immigration has an overall positive impact on long-run economic growth in the U.S. More than 40 million people living in the United States were born in other countries, and almost an equal number have at least one foreign-born parent. Together, the first generation (foreign-born) and second generation (children of the foreign-born) comprise almost one in four Americans. It comes as little surprise, then, that many U.S. residents view immigration as a major policy issue facing the nation. Not only does immigration affect the environment in which everyone lives, learns, and works, but it also interacts with nearly every policy area of concern, from jobs and the economy, education, and health care, to federal, state, and local government budgets. The changing patterns of immigration and the evolving consequences for American society, institutions, and the economy continue to fuel public policy debate that plays out at the national, state, and local levels. The Economic and Fiscal Consequences of Immigration assesses the impact of dynamic immigration processes on economic and fiscal outcomes for the United States, a major destination of world population movements. This report will be a fundamental resource for policy makers and law makers at the federal, state, and local levels but extends to the general public, nongovernmental organizations, the business community, educational institutions, and the research community.

The Soulful Science

The Soulful Science
Author: Diane Coyle
Publisher: Princeton University Press
Total Pages: 306
Release: 2009-12-07
Genre: Business & Economics
ISBN: 140083368X

For many, Thomas Carlyle's put-down of economics as "the dismal science" rings true--especially in the aftermath of the crash of 2008. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. The Soulful Science describes the remarkable creative renaissance in economics, how economic thinking is being applied to the paradoxes of everyday life. This revised edition incorporates the latest developments in the field, including the rise of behavioral finance, the failure of carbon trading, and the growing trend of government bailouts. She also discusses such major debates as the relationship between economic statistics and presidential elections, the boundary between private choice and public action, and who is to blame for today's banking crisis.

Nobel Laureates in Economic Sciences

Nobel Laureates in Economic Sciences
Author: Bernard S. Katz
Publisher: Routledge
Total Pages: 542
Release: 2017-01-20
Genre: Business & Economics
ISBN: 1351981277

This title, first published in 1989, is an in-depth biographical dictionary of the Nobel Laureates in Economic Sciences from 1969 to 1988. Each biographical entry includes a segment on the foundations of their career in the economic sciences, summaries of their most notable discoveries and ideas and other notable contributions. Each entry also includes a selected bibliography for further reading on the individual. This book will be of particular interest to students of the history of economic thought.

The Value of Social, Behavioral, and Economic Sciences to National Priorities

The Value of Social, Behavioral, and Economic Sciences to National Priorities
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 53
Release: 2017-07-12
Genre: Social Science
ISBN: 0309459958

Nearly every major challenge the United States facesâ€"from alleviating unemployment to protecting itself from terrorismâ€"requires understanding the causes and consequences of people's behavior. Even societal challenges that at first glance appear to be issues only of medicine or engineering or computer science have social and behavioral components. Having a fundamental understanding of how people and societies behave, why they respond the way they do, what they find important, what they believe or value, and what and how they think about others is critical for the country's well-being in today's shrinking global world. The diverse disciplines of the social, behavioral, and economic (SBE) sciences ―anthropology, archaeology, demography, economics, geography, linguistics, neuroscience, political science, psychology, sociology, and statistics―all produce fundamental knowledge, methods, and tools that provide a greater understanding of people and how they live. The Value of Social, Behavioral, and Economic Sciences to National Priorities evaluates whether the federal government should fund SBE research at the National Science Foundation (NSF), and, specifically, whether SBE research furthers the mission of the NSF to advance national priorities in the areas of health, prosperity and welfare, national defense, and progress in science; advances the missions of other federal agencies; and advances business and industry, and to provide examples of such research. This report identifies priorities for NSF investment in the SBE sciences and important considerations for the NSF for strategic planning.