•  298
    In a series of insightful publications, Philip Pettit and Frank Jackson have argued for an explanatory ecumenism that is designed to justify a variety of types of social scientific explanation of different , including structural and rational choice explanations. Their arguments are put in terms of different kinds of explanatory information; the distinction between causal efficacy, causal relevance and explanatory relevance within their program model of explanation; and virtual reality and resili…Read more
  •  70
    Is economics a proper science at all? Or if it qualifies as a science, does it underperform, does it fail to fulfil its scientific duties? Does it perhaps just pretend to proceed as a science by applying principles and techniques that are not suitable for addressing its proper subject matter and for meeting the legitimate expectations? There is a long and live tradition of economics-bashing and economics apology in posing and answering such questions. One popular current in this tradition is to …Read more
  •  180
    On the method of isolation in economics
    Poznan Studies in the Philosophy of the Sciences and the Humanities 26 19-54. 1992.
  •  182
    Economic Epistemology: Hopes and Horrors
    Episteme 1 (3): 211-222. 2005.
    The cultural and epistemic status of science is under attack. Social and cultural studies of science are widely perceived to offer evidence and arguments in support of an anti-science campaign. They portray science as a mundane social endeavour, akin to religion and politics, with no privileged access to truthful information about the real world. Science is under threat and needs defence. Old philosophical legitimations have lost their bite. Alarm bells ring, new troops have to be mobilised. Cal…Read more
  •  70
    Even outrageously unrealistic assumptions are just fine insofar as the theory or model involving them performs well in predicting phenomena of interest. Most economists and many non-economists will attribute this principle to Milton Friedman. Many will consider the principle itself outrageous, while others praise Friedman for having formulated it so persuasively.
  •  13
    Realism and Russia? Realism is a notion with multiple meanings, so options abound as to how the two might connect with one another. An old Russian proverb conveys a realist message about social properties: "An individual in Rssia was composed of three parts: a body, a soul, and a passport." (Ruben 1985, 83) Having a passport signals the possession of a complex set of social properties, and if these are taken to be real in some appropriate sense, one is inplying a realist view in social ontology…Read more
  •  112
    Is Coase a Realist?
    Philosophy of the Social Sciences 28 (1): 5-31. 1998.
    Ronald Coase has been a vigorous critic of mainstream economic theory, arguing that it is unrealistic and that a good theory is realistic. The attributes "realistic" and "unrealistic" appear in three senses at least in Coase: one related to narrow ness and breadth; another related to abstracting from particularities (and the issue of "blackboard economics"); and the third related to correspondence with the legal. This does not yet make Coase an advocate of realism. It is therefore separately arg…Read more
  •  17
    Science is often said to aim at truth. And much of science is heavily dependent on the construction and use of theoretical models. But the notion of model has an uneasy relationship with that of truth. Not so long ago, many philosophers held the view that theoretical models are different from theories in that they are not accompanied by any ontological commitments or presumptions of truth, whereas theories are (e.g. Achinstein 1964). More recently, some have thought that models are not truth-val…Read more
  •  1334
    Realisms and their opponents
    In Neil J. Smelser & Paul B. Baltes (eds.), International Encyclopedia of the Social and Behavioral Sciences, Elsevier. pp. 19--12815. 2001.
    In everyday usage, ‘realism’ is often used as a name for a practically or epistemically low-ambition attitude, while ‘idealism’ is often taken to denote a highambition—if not utopian—attitude. In philosophcal usage, mostly, it is the other way around: those who are called realists tend to claim more than their opponents—they are the philosophical optimists. Within philosophy itself, ‘realism’ adopts a variety of interrelated and contested meanings. It is used as the name for doctrines about issu…Read more
  •  24
    Contemporary philosophers of science argue that models are a major vehicle of scientific knowledge. This applies to highly theoretical inquiry as well as to experimental or otherwise observational research, in both the natural and the social sciences. Making this claim is not yet very illuminating, given that there is a large variety of different kinds of model, and a number of ways in which they function in the service of science. The ambiguity of the term ‘model’ and the multiplicity of kinds …Read more
  •  1857
    It is argued that rather than a well defined F-Twist, Milton Friedman’s “Methodology of positive economics” offers an F-Mix: a pool of ambiguous and inconsistent ingredients that can be used for putting together a number of different methodological positions. This concerns issues such as the very concept of being unrealistic, the goal of predictive tests, the as-if formulation of theories, explanatory unification, social construction, and more. Both friends and foes of Friedman’s essay have igno…Read more
  •  169
    Explanatory Unification: Double and Doubtful
    Philosophy of the Social Sciences 31 (4): 488-506. 2001.
    Explanatory unification—the urge to “explain much by little”—serves as an ideal of theorizing not only in natural sciences but also in the social sciences, most notably in economics. The ideal is occasionally challenged by appealing to the complexity and diversity of social systems and processes in space and time. This article proposes to accommodate such doubts by making a distinction between two kinds of unification and suggesting that while such doubts may be justified in regard to mere deriv…Read more
  •  210
    Economics is a controversial scientific discipline. One of the traditional issues that has kept economists and their critics busy is about whether economic theories and models are about anything real at all. The critics have argued that economic models are based on assumptions that are so utterly unrealistic that those models become purely fictional and have nothing informative to say about the real world. Many also claim that an antirealist instrumentalism (allegedly outlined by Milton Friedman…Read more
  •  138
    Milton Friedman's 1953 essay 'The methodology of positive economics' remains the most cited, influential, and controversial piece of methodological writing in twentieth-century economics. Since its appearance, the essay has shaped the image of economics as a scientific discipline, both within and outside of the academy. At the same time, there has been an ongoing controversy over the proper interpretation and normative evaluation of the essay. Perceptions have been sharply divided, with some vie…Read more
  •  8427
    Filosofia y metodologia an la economia
    In Juan José Jardón Urrieta (ed.), Temas de Teoria Economica y so Metodo, Universidade De Santiago De Compostela. 2008.
    Este documento analiza las siguientes cuestiones: 1) La metodología de la economía y su actual institucionalización. 2) La definición de Economía. 3) Las perspectivas de los economistas acerca de la Economía, sus métodos y justificación. 4) Comprobación y progreso: Popper y Lakatos.5) Los modelos y sus supuestos. 6) Persuasión retórica y verdad. 7) La Economía como un recurso para la Filosofía de la Ciencia. 8) Expansionismo explicativo y relaciones interdisciplinares.
  •  755
    Puzzled by realism: a response to Deichsel
    Erasmus Journal for Philosophy and Economics 4 (1): 42-52. 2011.
    No realist project in and about economics is close to completion. There are many open issues that remain to be addressed and resolved. Simon Deichsel (2011) has written a healthy challenge that should offer some useful inspiration to anyone interested in assessing and perhaps contributing to the realist projects. He argues against realism and in support of some sort of anti-realism. My response first deals with some conceptual issues regarding the very ideas of realism and anti-realism. I will t…Read more
  •  198
    Isolation, idealization and truth in economics
    Poznan Studies in the Philosophy of the Sciences and the Humanities 38 147-168. 1994.
    Challenges the widely held view that good models must necessarily be simplifications and hence cannot be true. This is done by distinguishing between whole truth (complete description) and truth (essential description, attained by the method of isolation).
  •  674
    Science as a Free Market: A Reflexivity Test in an Economics of Economics
    Perspectives on Science 7 (4): 486-509. 1999.
    One prominent aspect of recent developments in science studies has been the increasing employment of economic concepts and models in the depiction of science, including the notion of a free market for scientific ideas. This gives rise to the issue of the adequacy of the conceptual resources of economics for this purpose. This paper suggests an adequacy test by putting a version of free market economics to a self-referential scrutiny. The outcome is that either free market economics is self-defea…Read more
  •  1554
    Economists customarily talk about the ‘realism’ of economic models and of their assumptions and make descriptive and prescriptive judgements about them: this model has more realism in it than that, the realism of assumptions does not matter, and so on. This is not the way philosophers mostly use the term ‘realism’ thus there is a major terminological discontinuity between the two disciplines. The following remarks organise and critically elaborate some of the philosophical usages of the term and…Read more
  •  162
    How to Combine Rhetoric and Realism in the Methodology of Economics
    Economics and Philosophy 4 (1): 89. 1988.
    The tone of this paper is largely critical. Therefore, I would like to begin by praising Donald McCloskey and Arjo Klamer for their exciting and provocative initiative in the metatheory of economics. They have done us a great favor by opening our eyes to some hidden aspects in the intellectual practices of economists. They have shown that economics is rhetoric; it is persuasion, discourse, conversation, and negotiation, to use their favorite phrases. They have provided plausible arguments and il…Read more
  •  74
    Mark Blaug's unrealistic crusade for realistic economics
    Erasmus Journal for Philosophy and Economics 6 (3): 87-103. 2013.
    Mark Blaug’s normative methodology of economics is an attempt to articulate certain intuitions about how economic science could be improved by making it more “realistic”. I discuss two such articulations, one in terms of falsificationist principles, the other in terms of an alleged trade-off between relevance and mathematical rigour. My conclusion is that Blaug’s methodology is itself unrealistic, both descriptively and normatively. His (well intended) methodological prescriptions for the improv…Read more
  •  923
    Realism from the 'lands of Kaleva'
    Erasmus Journal for Philosophy and Economics 1 (1): 124. 2008.
    USKALI MÄKI (Helsinki, 1951) is a philosopher of science and a social scientist, and one of the forerunners of the strong wave of research on the philosophy and methodology of economics that has been expanding during the last three decades. His research interests and academic contributions cover many topics in the philosophy of economics, such as realism and realisticness, idealisation, scientific modelling, causation, explanation, rhetoric, the sociology and economics of economics, and the foun…Read more
  •  110
    Contested modelling: The case of economics
    In Ulrich Gähde, Stephan Hartmann & Jörn Henning Wolf (eds.), Models, Simulations, and the Reduction of Complexity, De Gruyter. pp. 87-106. 2013.
    Economics is a culturally and politically powerful and contested discipline, and it has been that way as long as it has existed. For some commentators, economics is the "queen of the social sciences", while others view it as a "dismal science" (and both of these epithets allow for diverse interpretations; see Mäki 2002). Economics is also a discipline that deals with a dynamically complex subject matter and has a tradition of reducing this complexity by using systematic procedures of simplificat…Read more
  •  1282
    This article shows how the MISS account of models—as isolations and surrogate systems—accommodates and elaborates Sugden’s account of models as credible worlds and Hausman’s account of models as explorations. Theoretical models typically isolate by means of idealization, and they are representatives of some target system, which prompts issues of resemblance between the two to arise. Models as representations are constrained both ontologically (by their targets) and pragmatically (by the purposes…Read more
  •  119
    Aspects of realism about economics
    Theoria 13 (2): 301-319. 1998.
    A few aspects of the issue of realism are addressed in the context of a social science. The paper looks for adjustments needed in our conceptions of scientiflc realism to accommodate some peculiarities of economics. Ontologically speaking, economics appears to be closely linked to commonsense conceptions of the world, thus the problem of theoretical concepts does not emerge in the same form it is often taken to exist in physics. Theory formation is largely a matter of idealization and isolation …Read more
  •  60
    Putnam's realisms: A view from the social sciences
    In Sami Pihlström, Panu Raatikainen & Matti Sintonen (eds.), Approaching truth: essays in honour of Ilkka Niiniluoto, College Publications. 2007.
    For the last three decades, the discussion on Hilary Putnam’s provocative suggestions around the issue of realism has raged widely. Putnam’s various formulations of, and arguments for, what he called internal realism in contrast to what he called metaphysical realism have been scrutinised from a variety of perspectives. One angle of attack has been missing, though: the view from the social sciences and the ontology of society. This perspective, I believe, will provide further confirmation to the…Read more
  •  68
    Realistic realism about unrealistic models
    In Don Ross & Harold Kincaid (eds.), The Oxford Handbook of Philosophy of Economics, Oxford University Press. 2009.
    My philosophical intuitions are those of a scientific realist. In addition to being realist in its philosophical outlook, my philosophy of economics also aspires to be realistic in the sense of being descriptively adequate, or at least normatively non-utopian, about economics as a scientific discipline. The special challenge my philosophy of economics must meet is to provide a scientific realist account that is realistic of a discipline that deals with a complex subject matter and operates with …Read more
  •  705
    The truth of false idealizations in modeling
    In Paul Humphreys & Cyrille Imbert (eds.), Models, Simulations, and Representations, Routledge. 2013.
    Modeling involves the use of false idealizations, yet there is typically a belief or hope that modeling somehow manages to deliver true information about the world. The paper discusses one possible way of reconciling truth and falsehood in modeling. The key trick is to relocate truth claims by reinterpreting an apparently false idealizing assumption in order to make clear what possibly true assertion is intended when using it. These include interpretations in terms of negligibility, applicabilit…Read more
  •  221
    Philosophy of interdisciplinarity. What? Why? How?
    European Journal for Philosophy of Science 6 (3): 327-342. 2016.
    Compared to the massive literature from other disciplinary perspectives on interdisciplinarity, philosophy of science is only slowly beginning to pay systematic attention to this powerful trend in contemporary science. The paper provides some metaphilosophical reflections on the emerging “Philosophy of Interdisciplinarity”. What? I propose a conception of PhID that has the qualities of being broad and neutral as well as stemming from within the agenda of philosophy of science. It will investigat…Read more