Popper and Lakatos in Economic Methodology. A Review Paper of “Popper and Lakatos in Economic Methodology” by D. Wade Hans

Essay from the year 2017 in the subject Economics - Other, grade: 1,0, University of Freiburg, language: English, abstract: This paper reviews the chapter “Popper and Lakatos in Economic Methodology” by Wade Hans published by Daniel M. Hausman in “The Philosophy of Economics” in 2008. The main purpose of this paper is to critically asses Karl Popper’s and Imre Lakatos’s methodological framework for economists consisting of both Popperian falsificationism and Lakatos’s ‘methodology of scientific research programmes’ (MSRP). The Popperian philosophy of science and its direct influence on the work of Imre Lakatos will be explicitly examined in terms of its influence and role in economic theory only, even though Popper’s philosophy of science and Lakatos’s MSRP were intended for science in general.