Routledge INEM Advances in Economic Methodology
About the Book Series
The field of economic methodology has expanded rapidly during the last few decades. This expansion has occurred in part because of changes within the discipline of economics, in part because of changes in the prevailing philosophical conception of scientific knowledge, and also because of various transformations within wider society. Research in economic methodology now reflects not only developments in contemporary economic theory, the history of economic thought, and the philosophy of science; but it also reflects developments in science studies, historical epistemology, and social theorizing more generally. The field of economic methodology still includes the search for rules for the proper conduct of economic science, but it also covers a vast array of other subjects and accommodates a variety of different approaches to those subjects.
The objective of this series is to provide a forum for the publication of significant works in the growing field economic methodology. Since the series defines methodology quite broadly, it will publish books on a wide range of different methodological subjects. The series is also open to a variety of different types of works: original research monographs, edited collections, as well as republication of significant earlier contributions to the methodological literature. The International Network for Economic Methodology (INEM) is proud to sponsor this important series of contributions to the methodological literature.
Causality and Objectivity in Macroeconomics
1st Edition
By Tobias Henschen
June 27, 2025
Central banks and other policymaking institutions use causal hypotheses to justify macroeconomic policy decisions to the public and public institutions. These hypotheses say that changes in one macroeconomic aggregate (e.g. aggregate demand) cause changes in other macroeconomic aggregates (e.g. in ...
Determinism, Causality and Explanation in Economics: An Austrian School Perspective
1st Edition
By Dawid Megger
June 27, 2025
In recent years, the concepts of determinism, causality, and explanation have taken on particular importance in the economic literature. Due to the failures of economic predictions based on mathematical models, philosophers and economists turned their attention to methodological issues. At the same...
Rescuing Econometrics: From the Probability Approach to Probably Approximately Correct Learning
1st Edition
By Duo Qin
May 27, 2025
Haavelmo’s 1944 monograph, The Probability Approach in Econometrics, is widely acclaimed as the manifesto of econometrics. This book challenges Haavelmo’s probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards...
Karl Popper and Situational Analysis: Theory and Method for Contemporary Economics and Sociology
1st Edition
By Alfonso Palacio-Vera
August 02, 2024
‘Situational Analysis’ represents Karl Popper’s methodological proposal for the social sciences. Although it has been widely studied and interpreted, this book argues that Situational Analysis remains underestimated and undeveloped and, if properly reformulated, could yet become a broad ...
Methodology and History of Economics: Reflections with and without Rules
1st Edition
Edited
By Bruce Caldwell, John Davis, Uskali Mäki, Esther-Mirjam Sent
July 29, 2024
This edited volume provides an in-depth exploration into the influential work of Wade Hands, examining the changing relationship between methodology and the history of economics in connection with contemporary developments in economics. The papers in this volume fall into four parts, each devoted ...
The Positive and the Normative in Economic Thought
1st Edition
Edited
By Sina Badiei, Agnès Grivaux
January 29, 2024
The book responds to the need for greater clarity regarding the relationship between descriptive, evaluative and prescriptive approaches within positive and normative economics. It also analyses the entanglement between evaluative and prescriptive perspectives within several theoretical frameworks ...
The Morality of Economic Behaviour: Economics as Ethics
1st Edition
By Vangelis Chiotis
April 29, 2022
The links between self-interest and morality have been examined in moral philosophy since Plato. Economics is a mostly value-free discipline, having lost its original ethical dimension as described by Adam Smith. Examining moral philosophy through the framework provided by economics offers new ...
The Philosophy of Causality in Economics: Causal Inferences and Policy Proposals
1st Edition
By Mariusz Maziarz
December 13, 2021
Approximately one in six top economic research papers draws an explicitly causal conclusion. But what do economists mean when they conclude that A ‘causes’ B? Does ‘cause’ say that we can influence B by intervening on A, or is it only a label for the correlation of variables? Do quantitative ...
Economics for Real: Uskali Mäki and the Place of Truth in Economics
1st Edition
Edited
By Aki Lehtinen, Jaakko Kuorikoski, Petri Ylikoski
November 10, 2016
This book provides the first comprehensive and critical examination of Mäki’s realist philosophy of economics....
Applied Economics and the Critical Realist Critique
1st Edition
Edited
By Paul Downward
March 03, 2016
This intriguing new book examines and analyses the role of critical realism in economics and specifically how this line of thought can be applied to the real world. With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this new book is unique in its approach and...
Representation and Structure in Economics: The Methodology of Econometric Models of the Consumption Function
1st Edition
By Hsiang-Ke Chao
December 01, 2014
This book provides a methodological perspective on understanding the essential roles of econometric models in the theory and practice. Offering a comprehensive and comparative exposition of the accounts of models in both econometrics and philosophy of science, this work shows how econometrics and ...
The End of Value-Free Economics
1st Edition
Edited
By Hilary Putnam, Vivian Walsh
May 30, 2014
This book brings together key players in the current debate on positive and normative science and philosophy and value judgements in economics. Both editors have engaged in these debates throughout their careers from its early foundations; Putnam as a doctorial student of Hans Reichenbach at UCLA ...