Learning Economic Method from the Invention Of Vintage Models

This study is a specimen of work done with an extremely narrow conception of economic methodology. In a wider conception, methodology’s aim is to arrive at well-founded opinions on how to do economics: how to build theories, what to pretend with theories, how to interpret them, how to test them, on what grounds to accept them or “believe” in them (if this is what “acceptance” means), how to decide for working at one line of research rather then at another. There is no general agreement among economic methodologists about the precise subset of the above mentioned items that should be placed on the agenda of economic methodology.

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