Thursday , May 23 2024
Home / Lars P. Syll / Mainstream ‘pluralism’

Mainstream ‘pluralism’

Summary:
[h/t Unlearning Economics] The only economic analysis that mainstream economists accept is the one that takes place within the analytic-formalistic modeling strategy that makes up the core of mainstream economics. All models and theories that do not live up to the precepts of the mainstream methodological canon are pruned. You’re free to take your models — not using (mathematical) models at all is considered totally unthinkable — and apply them to whatever you want — as long as you do it within the mainstream approach and its modeling strategy. If you do not follow that particular mathematical-deductive analytical formalism you’re not even considered doing economics. ‘If it isn’t modeled, it isn’t economics.’ That isn’t pluralism. That’s a methodological reductionist straightjacket.

Topics:
Lars Pålsson Syll considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes DSGE models — worse than useless

Lars Pålsson Syll writes DSGE models — a total waste of time

Lars Pålsson Syll writes Was MMT right about inflation? Yes!

Lars Pålsson Syll writes Brownian motion (student stuff)

Mainstream ‘pluralism’

[h/t Unlearning Economics]

The only economic analysis that mainstream economists accept is the one that takes place within the analytic-formalistic modeling strategy that makes up the core of mainstream economics. All models and theories that do not live up to the precepts of the mainstream methodological canon are pruned. Mainstream ‘pluralism’You’re free to take your models — not using (mathematical) models at all is considered totally unthinkable — and apply them to whatever you want — as long as you do it within the mainstream approach and its modeling strategy.

If you do not follow that particular mathematical-deductive analytical formalism you’re not even considered doing economics. ‘If it isn’t modeled, it isn’t economics.’

That isn’t pluralism.

That’s a methodological reductionist straightjacket.

Advertisements
Lars Pålsson Syll
Professor at Malmö University. Primary research interest - the philosophy, history and methodology of economics.

Leave a Reply

Your email address will not be published. Required fields are marked *