ISBN-13: 9780415195683 / Angielski / Miękka / 1998 / 288 str.
ISBN-13: 9780415195683 / Angielski / Miękka / 1998 / 288 str.
Critical realism, with its focus on the causal structures underlying observable phenomena, has been one of the most significant developments in the philosophy of social science in the latter-20th century. This volume extends its insights into the fields of economic philosophy methodology and theory in such a way as to open up new forms of investigation in economics and change the nature of economic reasoning. It is argued that the specific value of this approach is that it encourages attention to the capacities, structures and powers that explain observed event regularities in economic life and thus provides a more profound understanding of the subject matter of economics. In this way complacent forms of theoretical practices in economics based on statistical explanation are overturned and new avenues of empirical research opened out. The book also includes papers from authors critical of this approach, as well as from those that are concerned to elucidate its full implications for contemporary economics.