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 ...
The Nature and Method of Economic Sciences: Evidence, Causality, and Ends
1st Edition
By Ricardo F. Crespo
September 30, 2021
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 ...
Amartya Sen and Rational Choice: The Concept of Commitment
1st Edition
By Mark Peacock
April 01, 2021
Are human beings motivated exclusively by self-interest? The orthodox theory of rational choice in economics thinks that they are. Amartya Sen disagrees, and his concept commitment is central to his vision of an alternative to mainstream rational choice theory. This book examines commitment as it ...
A Structuralist Theory of Economics
1st Edition
By Adolfo García de la Sienra
September 30, 2020
Economists have long grappled with the problem of how economic theories relate to empirical evidence: how can abstract mathematized theories be used to produce empirical claims? How are such theories applied to economic phenomena? What does it mean to “test” economic theories? This book introduces,...
Philosophy of Mathematics and Economics: Image, Context and Perspective
1st Edition
By Thomas A. Boylan, Paschal F. O'Gorman
August 14, 2020
With the failure of economics to predict the recent economic crisis, the image of economics as a rigorous mathematical science has been subjected to increasing interrogation. One explanation for this failure is that the subject took a wrong turn in its historical trajectory, becoming too ...