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The Experiment in the History of Economics

The Experiment in the History of Economics

Paperback

Series: Routledge Studies in the History of Economics

EconomicsGeneral Mathematics

ISBN10: 0415649234
ISBN13: 9780415649230
Publisher: Routledge
Published: Sep 19 2012
Pages: 184
Weight: 0.60
Height: 0.50 Width: 6.20 Depth: 9.10
Language: English

Throughout the history of economic ideas, it has often been asserted that experimentation is impossible, yet, in fact, history shows that the idea of 'experimentation' has always been important, and as such has been interpreted and put to use in many ways. Rich in historical detail, the essays in this topical volume deal with such issues as laboratory experimentation, the observed transition from a post-war economics to a contemporary discipline, the contrasting positions of Friedrich Hayek and Oskar Morgenstern, the socio-economic experiments proposed by Ernest Solvay and Knut Wicksell, and a rigorous examination of the way in which economic models can or cannot be construed as valid experiments producing useful knowledge.

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