Reorienting (Critical Realism In) Economics
Bibliographic Data
| ID | 21159496 |
|---|---|
| Authors | Peter Nielsen (0000-0002-7752-9514, corresponding author), Per Rotbøll Nielsen (0009-0004-6566-1544) |
| Year | 2004 |
| Volume | 3 |
| Issue | 2 |
| Pages | 370-377 |
| Publication date | 2004-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Critical Realism (JOURNAL) |
| Journal identifiers | ISSN: 1476-7430 • E-ISSN: 1572-5138 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1558/jocr.v3i2.370 |
| OpenAlex | W2061183813 |
| Language | EN |
| Citations received | 2 |
Taken together, Tony Lawson’s Economics & Reality1 and Steve Fleetwood’s edited Critical Realism in Economics: Development and Debate 2 played a large part in defining the project critical realism in economics, which also delineates a particular identity within the project of critical realism in general. The defining features of critical realism in economics are a general ontological critique of mainstream economics for its deductive method, formalism, and closed systems modelling and also a broad constructive (and generally nonpartisan) approach to key heterodox traditions, focused on thinkers such as Veblen, Hayek, Marx and Keynes. Critical realism in economics is significantly different from, firstly, critical realists engaged in other areas of social study such as sociology and, secondly, critical realists that focus on one ‘economist’ and line of thought in particular such as Marx and Marxism. Both these two other strands of critical realism can be seen as other projects within critical realism that share a number of arguments, tenets and insights with critical realism in economics but differ in emphasis, research interests and identity. Two important books were published within critical realism in economics in 2003. The first one was Tony Lawson’s Reorienting Economics 3 and the second one was Paul Downward’s edited Applied Economics and the Critical Realist Critique. The purpose of this review essay is to discuss the latter book in the context of critical realism in economics and its recent development where the former book is a major sign post.4 Tony Lawson’s recent Reorienting
Applied economics · Economic methodology · Economics · Epistemology · Heterodox economics · Mainstream economics · Neoclassical economics · Philosophy of social science · Positive economics · Realism · Social philosophy · Social science · Sociology · Veblen good · Economic Theory and Institutions · Philosophy
| Citations per year | 0.1 |
|---|---|
| Citation span | 2006 - 2007 (2) |
| Highly cited | No |