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Showing posts with label methodological individualism. Show all posts
Showing posts with label methodological individualism. Show all posts
Saturday, January 19, 2019

Daniel Little — The place for thick theories of the actor in philosophy

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The neoclassical foundational assumption of rational maximization and Buchanan's rational choice theory are "thin" theories...
2 comments:
Tuesday, October 10, 2017

David Ruccio — Nobel economics: the behaviorism of economic decisions and its secret

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Paraphrasing that nineteenth-century critic of political economy , we might say that “economic decision-making appears, at first sight, a v...
1 comment:
Tuesday, September 5, 2017

Lars P. Syll — Methodological arrogance

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On reductionism. This is also the case in philosophy where different methods attempt to exclude other methods by reducing the debate to a...
1 comment:
Saturday, July 22, 2017

Brian Davey — Mismodelling human beings – “rational economic men” in love, politics and everyday life

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This chapter explores the assumptions about human nature on which mainstream economics is based. The description of “rational economic man...
4 comments:
Sunday, July 17, 2016

Paul Omerod — The Future of Economics Uses the Science of Real-Life Social Networks

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In the early 21st century, just as in the late 19th, economics in general makes the assumption that individuals operate autonomously, isola...
1 comment:
Tuesday, May 3, 2016

Jag Bhalla — The Epic Ptolemy-Sized Epicycling Errors of Free Market Fans

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Jag Bhalla is a very clear writer. This is an excellent albeit summary smackdown of the assumptions that underlie conventional economic di...
3 comments:
Wednesday, January 6, 2016

Russ — The Elemental Falsity of Genetic Determinism

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Today the establishment “life sciences” tread as epigones the same path of reductionism and mechanism which physics trode in the 19th centu...
4 comments:
Thursday, November 19, 2015

Daniel Little — Do we still need microfoundations?

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On examining assumptions and avoiding reductionism without invoking magical thinking, and ontological individualism as an overly restricti...
3 comments:
Saturday, October 24, 2015

Cameron K. Murray — Explaining everything explains nothing: Economics

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Sure, humans often make calculated decisions, but the more I learn about the nexus between individual behaviour and how we behave in groups...
5 comments:
Friday, July 31, 2015

Lars Syll’s Blog — On the poverty of microfoundationalist fantasies

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Kevin Hoover quote on microfoundations based on representative agent modeling. Aggregation based on similarities of individuals assume simi...
5 comments:
Thursday, June 25, 2015

David Sloan Wilson, Robert Kadar, and Joe Brewer — A New Powell Memo

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Neoclassical economics and Austrian economics that assume methodological individualism and rational unity maximization are in conflict wit...
5 comments:
Sunday, May 10, 2015

How To Use Economics & Not Be Used by Economists (1/6) — Lynn Fries interviews Ha-Joon Chang

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Tape and transcript. Ha-Joon Chang talks about his new book, Economics: The User's Guide. In the late 19th century, early 20th cen...
Monday, September 1, 2014

Diane Coyle — Economies and economics

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As part of the preparation for the new course I’m teaching at the University of Manchester this autumn, Economics for Public Policy, I’ve b...
Saturday, August 2, 2014

Daniel Little — Classifying mechanisms by location

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If we are going to take social mechanisms seriously, we need to be able to say more about what they are. Earlier posts have opened the p...
Sunday, March 9, 2014

Daniel Little — Why emergence?

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Little argues that emergence is unnecessary to evoke in order to avoid reductionism, methodological individualism, and microfoundations. T...
Monday, August 5, 2013

Mark Buchanan — Why Homo Economicus Might Actually Be an Idiot

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The findings could have important implications for policy makers. They suggest that institutions -- that is, the details that define how pe...
1 comment:
Saturday, April 20, 2013

Daniel Little — Mohamed Cherkaoui on the micro-macro debate

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Strong (decontextualized) vesus weak (contextualized) methodological individualism. I call the former "methodological atomism" and...
1 comment:
Tuesday, April 2, 2013

Lord Keynes — Greedy Reductionism, Science and Economics

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John E. King’s new book The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics (Cheltenham, 2012) charges neocl...
4 comments:
Monday, April 1, 2013

Lord Keynes — King on Post Keynesian Approaches to Microfoundations

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One of the most important insights King makes is this: the idea of reducing macroeconomics to neoclassical microeconomics is an instance of...
3 comments:
Saturday, March 9, 2013

Lars Syll — Macroeconomics and the microfoundationalist programme

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This is an extremely important point and even though the post is long it well worth the read. Short translation: Neoclassical and New Key...
3 comments: