Edward Elgar Publishing Edward Elgar - On the Methodology of Economics

Explore the complex relationship between economic theory and its underlying philosophy with On the Methodology of Economics and the Formalist Revolution. Published by Edward Elgar Publishing, this collection of essays addresses the significant methodological challenges faced by economists during the second half of the twentieth century. The text examines two major shifts in the field. First, it looks at the rapid expansion of writings regarding the methodology of economics. This surge in specialized research has created a gap in communication between methodologists and mainstream economists, often isolating methodological study from the core of the discipline. Second, the book addresses the impact of the formalist revolution. By analyzing these developments, the collection provides a deep look into how the philosophy of economics has evolved and how these shifts affect modern economic practice. This work is essential for readers interested in business and economic history, as well as those studying the theoretical foundations of the field.