Applied Economics and the Critical Realist Critique

by Downward; Paul

• ISBN13: 9780415267854
• ISBN10: 0415267854
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-10-02
• Publisher: Routledge

Summary

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 will be of great interest to both economic methodologists and those involved in applied economic studies.

Table of Contents

List of illustrations	viii
List of contributors	ix
Acknowledgements	xi
PART I Overview	1	(66)
1 Introduction	3	(9)
PAUL DOWNWARD
2 Critical realism and economics	12	(15)
SHEILA C. DOW
3 Conceptualizing unemployment in a period of atypical employment: a critical realist approach	27	(24)
STEVE FLEETWOOD
4 Critical realism, methodology and applied economics	51	(16)
BERNARD WALTERS AND DAVID YOUNG
PART II Critical realism, formalism and empirical work: some conceptual issues	67	(128)
PART IIA On closure	69	(40)
5 Critical realism and formal modelling: incompatible bedfellows?	71	(18)
MARK SETTERFIELD
6 Seeking a role for empirical analysis in critical realist explanation	89	(20)
PAUL DOWNWARD, JOHN H. FINCH AND JOHN RAMSAY
PART IIB On econometric methods	109	(42)
7 Critical realism and econometrics: interaction between philosophy and Post Keynesian practice	111	(18)
PAUL DOWNWARD AND ANDREW MEARMAN
8 A pragmatic alliance between critical realism and simple non-parametric statistical techniques	129	(22)
JOHN H. FINCH AND ROBERT McMASTER
PART IIC Objects, data and theory	151	(44)
9 Triangulation, time and the social objects of econometrics	153	(17)
WENDY OLSEN
10 Theory foundation and the methodological foundations of Post Keynesian economics	170	(27)
FREDERIC S. LEE
PART III Critical realism in empirical analysis	195	(107)
11 Questionnaires in realist research: a case study of rural small-scale industry in Ghana	197	(23)
WENDY OLSEN, THANDIE M. HARA AND SAMPSON EDUSAH
12 Critical realism and applied work in economic history: some methodological implications	220	(13)
BRIAN PINKSTONE
13 Critical realism and the political economy of the Euro	233	(14)
PHILIP ARESTIS, ANDREW BROWN AND MALCOLM SAWYER
14 Presenting demi-regularities: the case of Post Keynesian pricing	247	(19)
PAUL DOWNWARD AND ANDREW MEARMAN
15 From predictive to indicative statistics: explaining corporate borrowing	266	(13)
MURRAY GLICKMAN
16 Transition in Eastern Europe: critical realism and qualitative insights	279	(14)
KARL PETRICK
17 Conclusion	293	(9)
PAUL DOWNWARD
Index	302