Northcott, Robert and Alexandrova, Anna (2009) Progress in economics. Oxford Handbook of Philosophy of Economics. pp. 306-337.
|
Text
Econhdbook2009.pdf Download (422kB) | Preview |
Abstract
The 1994 US spectrum auction is now a paradigmatic case of the successful use of microeconomic theory for policy-making. We use a detailed analysis of it to review standard accounts in philosophy of science of how idealized models are connected to messy reality. We show that in order to understand what made the design of the spectrum auction successful, a new such account is required, and we present it here. Of especial interest is the light this sheds on the issue of progress in economics. In particular, it enables us to get clear on exactly what has been progressing, and on exactly what theory has – and has not – contributed to that. This in turn has important implications for just what it is about economic theory that we should value.
| Export/Citation: | EndNote | BibTeX | Dublin Core | ASCII/Text Citation (Chicago) | HTML Citation | OpenURL |
| Social Networking: |
| Item Type: | Published Article or Volume | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Creators: |
|
|||||||||
| Keywords: | economics; progress; theory; models; auctions | |||||||||
| Subjects: | General Issues > Confirmation/Induction Specific Sciences > Economics General Issues > Models and Idealization General Issues > Realism/Anti-realism General Issues > Theory Change |
|||||||||
| Depositing User: | Dr Robert Northcott | |||||||||
| Date Deposited: | 29 Nov 2018 17:09 | |||||||||
| Last Modified: | 29 Nov 2018 17:09 | |||||||||
| Item ID: | 15397 | |||||||||
| Journal or Publication Title: | Oxford Handbook of Philosophy of Economics | |||||||||
| Publisher: | Oxford University Press | |||||||||
| Subjects: | General Issues > Confirmation/Induction Specific Sciences > Economics General Issues > Models and Idealization General Issues > Realism/Anti-realism General Issues > Theory Change |
|||||||||
| Date: | 2009 | |||||||||
| Page Range: | pp. 306-337 | |||||||||
| URI: | https://philsci-archive.pitt.edu/id/eprint/15397 |
Monthly Views for the past 3 years
Monthly Downloads for the past 3 years
Plum Analytics
Actions (login required)
 |
View Item |
![[feed]](http://philsci-archive.pitt.edu/style/images/feed-icon-32x32.png){kind=icon}