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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Variety of Methodological Approach in Economics
Author(s): Dow, Sheila
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Keywords: pluralism
Issue Date: Jul-2007
Date Deposited: 5-Dec-2008
Citation: Dow S (2007) Variety of Methodological Approach in Economics. Journal of Economic Surveys, 21 (3), pp. 447-465.
Abstract: It has been argued by some that the distinction between orthodox economics and heterodox economics does not fit the growing variety in economic theory, unified by a common methodological approach. On the other hand, it remains a central characteristic of heterodox economics that it does not share this methodological approach, but rather represents a range of alternative methodological approaches. The paper explores the evidence, and arguments, for variety in economics at different levels, and a range of issues which arise. This requires in turn a discussion of the meaning of variety in economics at the different levels of reality, methodology, method and theory. It is concluded that there is scope for more, rather than less, variety in economic methodologies, as well as within methodologies. Further, if variety is not to take the form of “anything goes”, then critical discussion by economists of different approaches to economics, and of variety itself, is required.
DOI Link: 10.1111/j.1467-6419.2007.00510.x
Rights: The definitive version is available at; Published in Journal of Economic Surveys by Blackwell Publishing Ltd.

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