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Falsification, Deductivism, Physics and Time Reversibility and Irreversibility in Economic Systems A Review

Falsification, Deductivism, Physics and Time Reversibility and Irreversibility in Economic... Considers two main strands of literature. The first deals with the tension between the falsificationist view of how economic know‐ledge could or should be acquired, and the view that economics is a separate, deductive science. The second concerns the metaphors used in economic analysis, the main contrast being between metaphors which involve homeostasis and time reversibility, and those that involve hysteresis and time irreversibility. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Falsification, Deductivism, Physics and Time Reversibility and Irreversibility in Economic Systems A Review

Journal of Economic Studies , Volume 21 (1): 16 – Feb 1, 1994

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Publisher
Emerald Publishing
Copyright
Copyright © 1994 MCB UP Ltd. All rights reserved.
ISSN
0144-3585
DOI
10.1108/01443589410057577
Publisher site
See Article on Publisher Site

Abstract

Considers two main strands of literature. The first deals with the tension between the falsificationist view of how economic know‐ledge could or should be acquired, and the view that economics is a separate, deductive science. The second concerns the metaphors used in economic analysis, the main contrast being between metaphors which involve homeostasis and time reversibility, and those that involve hysteresis and time irreversibility.

Journal

Journal of Economic StudiesEmerald Publishing

Published: Feb 1, 1994

Keywords: Economics; Economic theory; Keynesian school

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