Theoretical Choice in Economics: The Case of Solow, Romer and Ramsey’s Growth Theories

Cuadernos de Economía, Vol. 28, No. 50, 2009

28 Pages Posted: 31 Dec 2009

See all articles by Nestor Garza

Nestor Garza

California State University Dominguez Hills

Gisell Pugliese

Universidad del Norte

Date Written: June 30, 2009

Abstract

Theoretical choice is not an easy task for economists, as there is always a dilemma between syntactic epistemic virtues (parsimony, generality, unifying power, etc.), and semantic epistemic virtues (relationship between evidence and theory). This document analyzes the theoretical choice process in the case of growth theory (Solow, Romer and Ramsey). The methodology of one-to-one disparities is used to assess the form and content of these theories. In this way, the epistemic virtues which are taken into account by the economists in the process of theoretical choice are identified.

Note: Downloadable document is in Spanish.

Keywords: epistemic virtues, deterministic empiricism, theoretical choice

JEL Classification: B40, B22, A11

Suggested Citation

Garza, Nestor and Pugliese, Gisell, Theoretical Choice in Economics: The Case of Solow, Romer and Ramsey’s Growth Theories (June 30, 2009). Cuadernos de Economía, Vol. 28, No. 50, 2009, Available at SSRN: https://ssrn.com/abstract=1529786

Nestor Garza (Contact Author)

California State University Dominguez Hills ( email )

1000 E. Victoria Street
Carson, CA 90747
United States
90747 (Fax)

HOME PAGE: http://https://www.csudh.edu/cbapp/contact-us/faculty/nestorgarza

Gisell Pugliese

Universidad del Norte ( email )

Km5 Via Puerto Colombia
Carrera 58 # 82-84 Apt 6B
Barranquilla, Atlantico
Colombia

HOME PAGE: http://www.uninorte.edu.co

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