The author's principle of the strongest link provides the basis in this text for a critique of contemporary macroeconomics and its obsession with formalism. The text provides a rigorous methodological assessment of the New Classical and New Keynesian approaches and their failings.
The author's principle of the strongest link provides the basis in this text for a critique of contemporary macroeconomics and its obsession with form...
Allen Oakley argues that two of the fathers of modern economics espoused methodological strategies which gave primacy to the human origins of economic phenomena and so rejected the concept of economic man. He shows that they were sensitive to the need for a pluralistic methodology in economics.
Allen Oakley argues that two of the fathers of modern economics espoused methodological strategies which gave primacy to the human origins of economic...
