Author: | Hill, L. |
Title: | A comparative analysis of selected economic methodologies: Praxeology, Positivism and Institutionalism. |
Journal: | International Journal of Social Economics
1992 : VOL. 19:10/11/12 p.208-221 |
Index terms: | METHODOLOGY ECONOMETRIC MODELS ECONOMIC THEORY ECONOMIC ADVISERS ECONOMIC HISTORY ECONOMIC FORECASTING |
Language: | eng |
Abstract: | The author is concerned about the credibility of modern economic scientist. He compares three major scools of economic thaught. In his view neither Mises praxeological or Friedmans positive economics have the the empirical relevance necessary to solve the present economic crisis. Only institutionalist would provide an effective methodology for pragmatically oriented political and social economists. |
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