Tag Archives: economic methodology

Alexander Douglas replies to Simon Wren-Lewis on MMT.Stories by Alexander Douglas on Medium by Alexander DouglasSimon Wren-Lewis, MMT, mathsAlexander Douglas | Lecturer in Philosophy, University of St. Andrews

On reductionism.This is also the case in philosophy where different methods attempt to exclude other methods by reducing the debate to a lower level of data, e.g, sense data only, or lower order of abstraction, e.g., all abstraction must be reducible to first order. These methodological assumptions reduce justification to observations of objects. For example, David Hume used philosophical reduction to sense data to exclude causality, arguing that causality is nothin more than observation of...