Philosophy and Methodology

Volume 5, No. 4 (Winter 2002)

Binary economics is a theory of economic growth that places emphasis upon the distribution of capital, rather than the quantity of capital or the productivity of labor. 

Macroeconomics has developed over seventy years from John Maynard Keynes’s General Theory to the currently fashionable mathematical models that feature efficient markets and rational expectations.

Robbins contributed the most definitive modern definition of the discipline, one which is now widely accepted. Although limited by his overly restrictive assumptions on information, 

This Festschrift is dedicated to one of the outstanding champions of liberty in Germany.  For most of his scientific life, Gerard Radnitzky has been known as a philosopher of science in the tradition of Karl Popper. 

Amartya Sen's wide-ranging book grasps a point ignored by many economists.  Economists are generally alive to the virtues of markets, and few since the collapse of communism have a good word to say about central planning.

The debate concerns the issue of whether the Austrian or the neo-classical vision more closely approaches the truth in economics, with regard to such issues as methodology,

This paper has incorporated challenges to the dominant neoclassical model that were fashioned by Rothbard and, to a much lesser extent, Baumol.

In the nineteenth century, scholars trained in both mathematics and political economy began to construct economic theory in mathematical form.

How rational are humans? Many important implications hinge on this seemingly innocuous question hinge, for not only economists, but all social scientists.