Intellectual Path Dependence in Economics is popular PDF and ePub book, written by Altug Yalcintas in 2016-03-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Intellectual Path Dependence in Economics can be Read Online from any device for your convenience.
Intellectual Path Dependence in Economics Book PDF Summary
Is economics always self-corrective? Do erroneous theorems permanently disappear from the market of economic ideas? Intellectual Path Dependence in Economics argues that errors in economics are not always corrected. Although economists are often critical and open-minded, unfit explanations are nonetheless able to reproduce themselves. The problem is that theorems sometimes survive the intellectual challenges in the market of economic ideas even when they are falsified or invalidated by criticism and an abundance of counter-evidence. A key question which often gets little or no attention is: why do economists not reject theories when they have been refuted by evidence and falsified by philosophical reasoning? This book explores the answer to this question by examining the phenomenon of intellectual path dependence in the history of economic thought. It argues that the key reason why economists do not reject refuted theories is the epistemic costs of starting to use new theories. Epistemic costs are primarily the costs of scarcity of the most valued element in academic production: time. Epistemic scarcity overwhelmingly dominates the evolution of scientific research in such a way that when researchers start off a new research project, they allocate time between replicable and un-replicable research. This book is essential reading for anyone interested in the methodology, philosophy and history of economics.
Detail Book of Intellectual Path Dependence in Economics PDF
- Author : Altug Yalcintas
- Release : 10 March 2016
- Publisher : Routledge
- ISBN : 9781317704690
- Genre : Business & Economics
- Total Page : 189 pages
- Language : English
- PDF File Size : 14,8 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Intellectual Path Dependence in Economics by Altug Yalcintas, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.
