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Is There Progress in Economics?
Knowledge, Truth and the History of Economic Thought
English
515 b
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This text discusses the concept of progress in economics and investigates whether any advance had been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of progress from an epistemological and methodological perspective. The idea of progress is particularly significant as the authors regard it as an essentially contested concept which can be defined in many ways - theoretical or empirical; local or global; as encouraging or impeding the existence of other research traditions. The authors discuss the idea that for progress to make any sense there must be an accumulation of knowledge built up over time rather than the replacement of ideas by each successive generation.
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