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Critical realism as a rival methodology for institutional economics

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2008
Gürpınar, Erkan
The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reaches to the conclusion that critical realism does not offer a better methodology for institutional economics.