‘Growth in a Time of Debt’ as an example of the logical-positivist science

The paper addresses the question whether the nowinfamous piece of econometric research conducted by Reinhart and Rogoff (2010) that set the threshold hypothesis in the relation between public debt and economic growth was conducted in accordance with the neopositivist doctrine. The article consists o...

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Autor principal:	Mariusz Maziarz
Formato:	article
Lenguaje:	DE EN FR
Publicado:	Editura ASE Bucuresti 2017
Materias:	Reinhart-Rogoff logical positivism methodology causality economics Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/f5ad5e20b3924e96936d5dd66df53d7c
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id	oai:doaj.org-article:f5ad5e20b3924e96936d5dd66df53d7c
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spelling	oai:doaj.org-article:f5ad5e20b3924e96936d5dd66df53d7c2021-12-02T06:03:47Z‘Growth in a Time of Debt’ as an example of the logical-positivist science1843-22981844-8208https://doaj.org/article/f5ad5e20b3924e96936d5dd66df53d7c2017-05-01T00:00:00Z https://jpe.ro/pdf.php?id=7788 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208The paper addresses the question whether the nowinfamous piece of econometric research conducted by Reinhart and Rogoff (2010) that set the threshold hypothesis in the relation between public debt and economic growth was conducted in accordance with the neopositivist doctrine. The article consists of two parts. First, the epistemic advice given by logical positivism is reconstructed and operationalized. Second, the cliometric method employed by Reinhart and Rogoff (2010) is analyzed. The answer to the research question is affirmative. ‘Growth in a Time of Debt’ is a piece of logical-positivist science because (1) the research is data-based and aimed at confirming the results, (2) its authors are committed to the neopositivist theory-observation distinction, (3) its goal is describing an empirical generalization and the result’s interpretations suggest that (4) Reinhart and Rogoff (2010) understand causality in a reductionist way, as a constant conjunction.Mariusz MaziarzEditura ASE BucurestiarticleReinhart-Rogofflogical positivismmethodologycausalityeconomicsEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol X, Iss 2, Pp 47-64 (2017)
institution	DOAJ
collection	DOAJ
language	DE EN FR
topic	Reinhart-Rogoff logical positivism methodology causality economics Economics as a science HB71-74
spellingShingle	Reinhart-Rogoff logical positivism methodology causality economics Economics as a science HB71-74 Mariusz Maziarz ‘Growth in a Time of Debt’ as an example of the logical-positivist science
description	The paper addresses the question whether the nowinfamous piece of econometric research conducted by Reinhart and Rogoff (2010) that set the threshold hypothesis in the relation between public debt and economic growth was conducted in accordance with the neopositivist doctrine. The article consists of two parts. First, the epistemic advice given by logical positivism is reconstructed and operationalized. Second, the cliometric method employed by Reinhart and Rogoff (2010) is analyzed. The answer to the research question is affirmative. ‘Growth in a Time of Debt’ is a piece of logical-positivist science because (1) the research is data-based and aimed at confirming the results, (2) its authors are committed to the neopositivist theory-observation distinction, (3) its goal is describing an empirical generalization and the result’s interpretations suggest that (4) Reinhart and Rogoff (2010) understand causality in a reductionist way, as a constant conjunction.
format	article
author	Mariusz Maziarz
author_facet	Mariusz Maziarz
author_sort	Mariusz Maziarz
title	‘Growth in a Time of Debt’ as an example of the logical-positivist science
title_short	‘Growth in a Time of Debt’ as an example of the logical-positivist science
title_full	‘Growth in a Time of Debt’ as an example of the logical-positivist science
title_fullStr	‘Growth in a Time of Debt’ as an example of the logical-positivist science
title_full_unstemmed	‘Growth in a Time of Debt’ as an example of the logical-positivist science
title_sort	‘growth in a time of debt’ as an example of the logical-positivist science
publisher	Editura ASE Bucuresti
publishDate	2017
url	https://doaj.org/article/f5ad5e20b3924e96936d5dd66df53d7c
work_keys_str_mv	AT mariuszmaziarz growthinatimeofdebtasanexampleofthelogicalpositivistscience
_version_	1718400087942496256

‘Growth in a Time of Debt’ as an example of the logical-positivist science

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