SITUATIONAL ANALYSIS AND THE CONCEPT OF EQUILIBRIUM

Authors
ORMEROD P ROSEWELL B
Citation
P. Ormerod et B. Rosewell, SITUATIONAL ANALYSIS AND THE CONCEPT OF EQUILIBRIUM, Philosophy of the social sciences, 28(4), 1998, pp. 498-514
Citations number
13
Categorie Soggetti
Philosophy,Philosophy
Journal title
Philosophy of the social sciences → ACNP
ISSN journal
00483931
Volume
28
Issue
4
Year of publication
1998
Pages
498 - 514
Database
ISI
SICI code
0048-3931(1998)28:4<498:SAATCO>2.0.ZU;2-M
Abstract
The core model of orthodox economies does not take proper account of P opper's situational analysis. It follows his injunction to generalize but does not test this against actual historical development. Mathemat ical tools used with great success in engineering were applied to econ omics in the final quarter of the nineteenth century. The models const ructed with them were intended to be, by their very nature, timeless.