Recent Trends in Economic Methodology: A Literature Review

Abstract

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.

Citation

Mireles-Flores, L. (2018), "Recent Trends in Economic Methodology: A Literature Review", Including a Symposium on Bruce Caldwell’s Beyond Positivism After 35 Years (Research in the History of Economic Thought and Methodology, Vol. 36A), Emerald Publishing Limited, Leeds, pp. 93-126. https://doi.org/10.1108/S0743-41542018000036A008