|Appears in Collections:||Economics Book Chapters and Sections|
|Title:||Neoclassicism, critical realism and the Cambridge methodological tradition|
|Citation:||Dow S (2015) Neoclassicism, critical realism and the Cambridge methodological tradition. In: Morgan J (ed.) What is Neoclassical Economics? Debating the origins, meaning and significance. Economics as Social Theory, 43. London: Routledge, pp. 102-118. https://www.routledge.com/products/9781138962095|
|Series/Report no.:||Economics as Social Theory, 43|
|Abstract:||The purpose of this paper is to consider Lawson's three-way classification of economics, whereby neoclassicism is defined in terms of inconsistency between ontology and methodology. The notion of classification is explored in order to consider Lawson's well-defined triad in relation to the more fluid, provisional, porous classifications within critical realist analysis itself. The difficulties with fitting economists into any one of the triad is illustrated by considering economics at Cambridge, not least because the methodology of individual figures is open to different interpretations. It is concluded that the main thrust of Lawson's argument is rhetorical, aimed at denting the insistence on mathematical modelling. His definition of neoclassical economics is directly relevant to new developments within the mainstream as well as to heterodox modellers, implying that the onus is on both to argue that modelling is justified in particular circumstances.|
|Rights:||This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Publisher policy allows this work to be made available in this repository. Published in What is Neoclassical Economics? by Routledge. The book an be found at: https://www.routledge.com/products/9781138962095|
|2015 neoclassical ecs in Morgan (ed).pdf||Fulltext - Accepted Version||462.74 kB||Adobe PDF||View/Open|
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