A positivist criticism of positivist growth theory
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad de Chile
2021
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| _version_ | 1876440581039718400 |
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| author | Esteban Céspedes |
| author_facet | Esteban Céspedes |
| contents | A positivist criticism of positivist growth theory Esteban Céspedes Filosofía Growth context emergence dependence positive economics The notion of growth is one of the most studied notions within economic theory and, traditionally, it is accounted for based on a positivist thesis according to which assumptions are not relevant, if economic models have acceptable predictive power. Following this view, it does not matter whether assumptions are realistic or not. Arguments against this principle may involve a defence of the realistic assumptions over highly idealized or false ones. This article aims in a different direction. Instead of demanding more realism, we can accept the spirit of the mentioned thesis, but, instead, criticize the circularity that may arise by combining different assumptions that are necessary for the explanation of economic growth in mainstream economics. Such a circularity is a key aspect of the well-known problem of providing microfoundations for macroeconomic properties. It is here suggested that the notion of emergence could be appropriate to arrive at a better understanding of growth, clarifying the issues related to circularity, but without totally rejecting the usefulness of unrealistic assumptions. 2021 artículo científico 0717-554X https://www.redalyc.org/articulo.oa?id=10169925005 https://www.redalyc.org/journal/101/10169925005/ https://www.redalyc.org/journal/101/10169925005/html/ https://www.redalyc.org/journal/101/10169925005/10169925005.epub https://www.redalyc.org/journal/101/10169925005/movil 10.4067/S0717-554X2021000300215 en http://www.redalyc.org/revista.oa?id=101 Cinta de Moebio application/pdf Universidad de Chile Cinta de Moebio (Chile) Num.72 |
| format | Artículo científico |
| id | redalyc_10169925005 |
| institution | Redalyc |
| language | en |
| publishDate | 2021 |
| publisher | Universidad de Chile |
| spellingShingle | A positivist criticism of positivist growth theory Esteban Céspedes Filosofía Growth context emergence dependence positive economics A positivist criticism of positivist growth theory Esteban Céspedes Filosofía Growth context emergence dependence positive economics The notion of growth is one of the most studied notions within economic theory and, traditionally, it is accounted for based on a positivist thesis according to which assumptions are not relevant, if economic models have acceptable predictive power. Following this view, it does not matter whether assumptions are realistic or not. Arguments against this principle may involve a defence of the realistic assumptions over highly idealized or false ones. This article aims in a different direction. Instead of demanding more realism, we can accept the spirit of the mentioned thesis, but, instead, criticize the circularity that may arise by combining different assumptions that are necessary for the explanation of economic growth in mainstream economics. Such a circularity is a key aspect of the well-known problem of providing microfoundations for macroeconomic properties. It is here suggested that the notion of emergence could be appropriate to arrive at a better understanding of growth, clarifying the issues related to circularity, but without totally rejecting the usefulness of unrealistic assumptions. 2021 artículo científico 0717-554X https://www.redalyc.org/articulo.oa?id=10169925005 https://www.redalyc.org/journal/101/10169925005/ https://www.redalyc.org/journal/101/10169925005/html/ https://www.redalyc.org/journal/101/10169925005/10169925005.epub https://www.redalyc.org/journal/101/10169925005/movil 10.4067/S0717-554X2021000300215 en http://www.redalyc.org/revista.oa?id=101 Cinta de Moebio application/pdf Universidad de Chile Cinta de Moebio (Chile) Num.72 |
| title | A positivist criticism of positivist growth theory |
| topic | Filosofía Growth context emergence dependence positive economics |
| url | https://www.redalyc.org/articulo.oa?id=10169925005 https://www.redalyc.org/journal/101/10169925005/ https://www.redalyc.org/journal/101/10169925005/html/ https://www.redalyc.org/journal/101/10169925005/10169925005.epub https://www.redalyc.org/journal/101/10169925005/movil |