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
Date Written: June 30, 2009
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: Suggested Citation