Rejoinder to Evidence and the Micro-Foundations of Economic Growth by Michael Joffe

• Autorzy: Emma Hamilton
• Języki publikacji: EN

Abstrakty

EN

This is a response to Joffe (this issue) and aims to demonstrate that economics needs theory that is developed in collaboration with real-world data and that approaches utilised in other disciplines may be transferred to enable this goal. Building better theory will enable improved explanation of economic phenomena to aid the understanding of causation in interacting systems. In turn, this will allow more effective application to policy problems as such theory can inform intervention within these systems. With poor theory, data collection, analysis and interpretation can all be misdirected and misleading. This paper has suggested carrying out multimethod research, combining within-case analysis and cross-case analysis. The within-case in-depth study can provide evidence of causal mechanisms while the cross-case analysis can demonstrate the distribution of causal patterns. Additionally, set-theoretic within-case and cross-case methods are proposed, as they enable the analysis of mechanisms and 'conjunctural causation', both characteristics of causal systems. (fragment of text)

Słowa kluczowe

EN

Economic growth; Economic growth theory; Economic growth model; Foundation; Capitalist system; Capitalist economy; Feedback; Arms race; Economic methodology; Essays

PL

Wzrost gospodarczy; Teoria wzrostu gospodarczego; Model wzrostu gospodarczego; Fundacje; Ustrój kapitalistyczny; Gospodarka kapitalistyczna; Sprzężenia zwrotne; Wyścig zbrojeń; Metodologia ekonomii; Eseje

• Czasopismo: Economics and Business Review
• Rocznik: 2017
• Tom: 3 (17)
• Numer: nr 3
• Strony: 143--147

Twórcy

autor

Emma Hamilton

• Arcola Research

Bibliografia

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• Joffe, M. (2017a). Causal theories, models and evidence in economics - some reflections from the natural sciences. Cogent Economics & Finance, 5(1), 1280983. https:// doi.org/10.1080/23322039.2017.1280983.
• Joffe, M. (2017b). Evidence and the micro-foundations of economic growth. Economics and Business Review.
• Lewin, K. (1951). In D. Cartwright, Field theory in social science: Selected theoretical papers. New York: Harper Row.
• OECD. (2015). Final naec synthesis: New approaches to economic challenges.
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Identyfikatory

DOI

10.18559/ebr.2017.3.10