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Reflection without Rules: Economic Methodology and Contemporary Science Theory, by D. Wade Hands
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Reflection without Rules offers a comprehensive, pointed exploration of the methodological tradition in economics and the breakdown of the received view within the philosophy of science. Professor Hands investigates economists' use of naturalistic and sociological paradigms to model economic phenomena and assesses the roles of pragmatism, discourse, and situatedness in discussions of economic practice before turning to a systematic exploration of more recent developments in economic methodology. The treatment emphasizes the changes taking place in science theory and its relationship to the movement away from a rules-based view of economic methodology.
- Sales Rank: #1282084 in Books
- Brand: Brand: Cambridge University Press
- Published on: 2001-04-09
- Released on: 2001-06-21
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .98" w x 5.98" l, 1.49 pounds
- Binding: Paperback
- 494 pages
- Used Book in Good Condition
Review
"Wade Hands [is] the perfect author...he reads everything...he is a master of the critical survey. His treatment is even-handed...Reflection without Rules contains a balanced critical review of the latest developments in economic methodology. [E]very economist interested in methodology...should have this book on his or her shelf." Bruce Caldwell, University of North Carolina, Greensboro, Southern Economic Journal
"This fine book is a comprehensive and careful survey of the current situation in the methodology of economics...[the] author wears his impressive erudition gracefully and well. The book is sophisticated and at the same time naive in the best sense. It will fortunately be the standard reference for work in the methodology of economics for some time to come." Isis
"We have not have a Blaug-like representation of methodological discourse, historicized, contextualized. We have not since Blaugh had a reliable volume that our students can use, one book about which we say say, 'read this and you'll know where the field stands'. But now we have that book. Wade Hands has been a major participant in these various debates over the past twenty years, and over that time he has become a leader among his colleagues in the methodology of economics. Hand's Reflection Without Rules is indeed a worthy successor to Blaug's The Methodology of Economics... the absolutely accurate phrase or label from Hand's own treatment should be 'Economic Science Studies (ESS)'. We have a reconfiguring of economic methodology away from the philosophy of science to science studies. Hands lovingly and accurately traces these moves in this volume. Methodology is dead. May ESS prosper."
Most helpful customer reviews
4 of 5 people found the following review helpful.
A General Survey of Recent Developments in Science and Economic Theory...
By James F. Mueller
I really enjoyed this book. But reading the above review made me reconsider the importance I had originally attached to this book. This book should be read by any economist interested in the philosophy of science. And that is why I read it. But I would not suggest that the interested reader begin their study with this book. It is a general survery book. I did not really learn anything truly substantive. What I did take away from this book, however, was a better awareness of what I would like to study in the future. It can also serve as a useful reference for drawing the scattered intellectual puzzle pieces together.
Which brings me to one final point concerning the above review. It seems a bit unfair to criticize the author of this book because he failed to extensively discuss writers who have made important contributions to the theory of economics and the philosophy of science. Throughout the book, indeed at the beginning of nearly every section (roughly every 15-20 pages) the author takes great pains to remind the reader that his discussion of these selected topics are by no means exhaustive -- "they do not even scratch the surface" as he aptly puts it. This gives the reader a deep appreciation of the complexity that has become his study.
I think it is important that more books like this be written. For students like me interested in this field, general survey books like these are much more accessible than scholarly journal articles. The advantage of books like these is that they attempt to collect and present coherently the recent developments that have occurred in certain intellectual circles.
13 of 17 people found the following review helpful.
Still muttering in the outhouse
By Rafe Champion
This is a confused and confusing book. It has some value as a comprehensive survey of thought on the topic of methodology in economics and it signals that when Popper is understood as a critical rationalist instead of a falsificationist then he makes a lot of sense. Larry Boland has been saying that for 20 years and he should have got more credit from Hands.
The book has three goals. First, to provide a survey of recent developments in the field of economic methodology. Second, to survey contemporary science theory as it relates to economics. The third "is to convince the reader that we should change the subject". He suggests that we should abandon the 'off the rack' or 'shelf of scientific philosophy' approach to the philosophy of science. This approach consists of trying to find out what economics should be doing to qualify as a proper science. His alternative is to encourage people to think the issues through afresh, to explore the full range of approaches that are available to economists in place of the traditional, largely positivist/empiricist philosophy of science.
Methodology has never had much of a profile among working economists and it had to make its way by attaching itself to the history of ideas in economics which at least had some academic credibility in the form of journals and conferences. However this meant that both the historians and the methodologists occupied a kind of outhouse behind the place where all the real economists lived.
The overwhelming defect in the book is the way that Hands describes the Received View in the philosophy of science as a mixture of logical positivism and falsification interpreted in a positivistic way. Popper is unfortunately misrepresented as an eccentric contributor to the Received View, largely under the influence of Lakatos and his followers, especially Latsis and Blaug. Under the influence of this misrepresentation of Popper's though, a generation of scholars have wasted much of their careers, playing in a kind of intellectual sandpit, off to the side of economics and philosophy, without making a significant contribution to either.
The weakness of the Hands book is demonstrated by the neglect of Boland and Wong. The latter is mentioned twice, in passing, without any hint of the way that he shredded the program that won Samuelson a Nobel Prize for his contribution to methodology in economics. Boland is noted as a man who always resisted the "falsificationist" interpretation of Popper and his books are cited without any hint of the riches to be found in them. This contrasts with the whole chapter on "The Sociological Turn" and hundreds of pages devoted to other dead-ends like feminist methodology.
The best part of the book is where the author depicts Popper as a critical rationalist and shows how this makes sense of Popper's hitherto rather confused exposition of situational analysis and the rationality principle. Given this grasp of Popper (provided by Boland in his first book in 1982) Hands should have junked all the previous pages of criticism of Popper's non-existent "falsificationism".
Unfortunately, despite the wide scope of the material covered in this book, the Austrian school of economic thought does not get a decent mention. Caldwell did rather better on this in "Beyond Positivism". It is quite likely that when Popper is fully understood as a critical rationalist, and when his theory of research programs is also understood, then a highly synergetic combination of Popper and the Austrians may be possible. That man Boland (again) was just about there with his Popper/Hayek model in 1982.
In conclusion, if Hands can fully consolidate his new understanding of Popper (instead of making out that this is a development in Popper's thought rather than his own) then his next book should be shorter and much more helpful. One more thing, it is imperative that work on methodology should be conducted in close contact with work in progress on theories and real-world problems. As C Wright Mills wrote in the superb appendix to "The Sociological Imagination" on intellectual craftsmanship, there must be interludes of discussion of problems, theories and methods, not just one or other of the three. Otherwise the economics profession will never take notice of the mutterings in the outhouse.
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