An inquiry into the explanatory virtues of transaction cost economics
The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth).Precisely,...
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Editura ASE Bucuresti
2011
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oai:doaj.org-article:7c558b30623248eb8b27d1e9779ea7a22021-12-02T07:25:17ZAn inquiry into the explanatory virtues of transaction cost economics1843-22981844-8208https://doaj.org/article/7c558b30623248eb8b27d1e9779ea7a22011-11-01T00:00:00Zhttp://www.jpe.ro/poze/articole/66.pdfhttps://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth).Precisely, we are primarily interested in assessing the progress within TCE with respect to its explanatory power rather than directly comparing TCE’s explanatory virtues to alternative theories. The paper offers also some general insights into the way we compare economic theories.Lukasz HardtEditura ASE BucurestiarticleOliver WilliamsonExplanatory powerEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol V, Iss 1, Pp 120-147 (2011) |
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Oliver Williamson Explanatory power Economics as a science HB71-74 |
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Oliver Williamson Explanatory power Economics as a science HB71-74 Lukasz Hardt An inquiry into the explanatory virtues of transaction cost economics |
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The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth).Precisely, we are primarily interested in assessing the progress within TCE with respect to its explanatory power rather than directly comparing TCE’s explanatory virtues to alternative theories. The paper offers also some general insights into the way we compare economic theories. |
format |
article |
author |
Lukasz Hardt |
author_facet |
Lukasz Hardt |
author_sort |
Lukasz Hardt |
title |
An inquiry into the explanatory virtues of transaction cost economics |
title_short |
An inquiry into the explanatory virtues of transaction cost economics |
title_full |
An inquiry into the explanatory virtues of transaction cost economics |
title_fullStr |
An inquiry into the explanatory virtues of transaction cost economics |
title_full_unstemmed |
An inquiry into the explanatory virtues of transaction cost economics |
title_sort |
inquiry into the explanatory virtues of transaction cost economics |
publisher |
Editura ASE Bucuresti |
publishDate |
2011 |
url |
https://doaj.org/article/7c558b30623248eb8b27d1e9779ea7a2 |
work_keys_str_mv |
AT lukaszhardt aninquiryintotheexplanatoryvirtuesoftransactioncosteconomics AT lukaszhardt inquiryintotheexplanatoryvirtuesoftransactioncosteconomics |
_version_ |
1718399410344296448 |