Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You and Your Team.

Learn More →

A Comparative Analysis of Selected Economic Methodologies Praxeology, Positivism and Institutionalism

A Comparative Analysis of Selected Economic Methodologies Praxeology, Positivism and... Explicates and analyses selected economic methodologies praxeology,positivism and institutionalism. Praxeology is a rationalisticmethodology which utilizes deductive logic to deduce conclusionsconcerning economic behavior from postulates, which are selfevidenttruths, but praxeologists deny that empirical verification is eithernecessary or desirable. Positivism is a methodology which combinesdeductive rationalism as a method of deriving substantive hypothesesand inductive empiricism as a method of verifying these hypotheses.Institutionalism is a pragmatic methodology which is based on anempirical epistemology and which utilizes inductive logic to formulateeconomic policy and to solve practical problems. Concludes thatinstitutionalism is more empirically relevant than either praxeology orpositivism, and that, therefore, institutionalism is superior to the othermethodologies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

A Comparative Analysis of Selected Economic Methodologies Praxeology, Positivism and Institutionalism

International Journal of Social Economics , Volume 19 (10/11/12): 14 – Oct 1, 1992

Loading next page...
 
/lp/emerald-publishing/a-comparative-analysis-of-selected-economic-methodologies-praxeology-Rx0BSBn7n4
Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0306-8293
DOI
10.1108/EUM0000000000513
Publisher site
See Article on Publisher Site

Abstract

Explicates and analyses selected economic methodologies praxeology,positivism and institutionalism. Praxeology is a rationalisticmethodology which utilizes deductive logic to deduce conclusionsconcerning economic behavior from postulates, which are selfevidenttruths, but praxeologists deny that empirical verification is eithernecessary or desirable. Positivism is a methodology which combinesdeductive rationalism as a method of deriving substantive hypothesesand inductive empiricism as a method of verifying these hypotheses.Institutionalism is a pragmatic methodology which is based on anempirical epistemology and which utilizes inductive logic to formulateeconomic policy and to solve practical problems. Concludes thatinstitutionalism is more empirically relevant than either praxeology orpositivism, and that, therefore, institutionalism is superior to the othermethodologies.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Oct 1, 1992

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$499/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month