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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Autor principal: Lukasz Hardt
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Publicado: Editura ASE Bucuresti 2011
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Acceso en línea:https://doaj.org/article/7c558b30623248eb8b27d1e9779ea7a2
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spelling 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)
institution DOAJ
collection DOAJ
language DE
EN
FR
topic Oliver Williamson
Explanatory power
Economics as a science
HB71-74
spellingShingle Oliver Williamson
Explanatory power
Economics as a science
HB71-74
Lukasz Hardt
An inquiry into the explanatory virtues of transaction cost economics
description 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
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