Recent trends in economic methodology: a literature review

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This essay is a review of the recent literature on the methodology of economics, with a focus on three broad trends that have defined the core lines of research within the discipline during the last two decades. These trends are: (a) the philosophical analysis of economic modelling and economic explanation; (b) the epistemology of causal inference, evidence diversity, and evidence-based policy, and (c) the investigation of the methodological underpinnings and public policy implications of behavioural economics. The final output is inevitably not exhaustive, yet it aims at offering a fair taste of some of the most representative questions in the field on which many philosophers, methodologists, and social scientists have recently been placing a great deal of intellectual effort. The topics and references compiled in this review should serve at least as safe introductions to some of the central research questions in the philosophy and methodology of economics.
Original languageEnglish
JournalResearch in the History of Economic Thought and Methodology
Issue numberA
Pages (from-to)93-126
Number of pages34
Publication statusPublished - 2018
MoE publication typeA2 Review article in a scientific journal

Fields of Science

  • 511 Economics
  • modelling
  • economic policy
  • behavioural economics
  • methodology
  • 611 Philosophy
  • causality
  • evidence
  • explanation
  • philosophy of economics

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