Applied Economics
A Critical Realist Approach

With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this book is unique in its approach and will be of great interest to both economic methodologist and those involved in applied economic studies.

Critical Realism has been at the centre of much discussion within the social sciences. The approach is critical of mainstream economics for its unrealistic assumptions and slavish dedication to "mindless instrumentalism". This volume provides a real attempt to bridge the gap between mainstream applied economics and its critics. With refreshing open-mindedness, the contributors do not simply limit themselves to theoretical discussions, but in fact examine issues such as: employment and unemployment critical realism and econometrics the political economy of monetary union With an impressive array of contributors including Philip Arestis, Sheila Dow and Malcolm Sawyer, Applied Economics and the Critical Realist Approach will greatly interest students and academics involved in economic methodology, philosophy and indeed mainstream economics.

1. Introduction Paul Downward 2. Critical Realism
and Economics Shelia Dow 3. Conceptualising Unemployment in a period of Atypical Employment: A Critical-Realist Approach Steve Fleetwood 4. Critical Realism, Methodology and Applied Economics Bernard Walters and David Young 5. Critical realism and Formal Modelling: Incompatible Bedfellows? Mark Setterfield 6. Seeking a Role for Empirical Analysis in Critical-Realist Explanation Paul Downward, John H. Finch and John Ramsay 7. Critical Realism and Econometrics: Interaction between Philosophy and Post Keynesian Practice Paul Downward and Andrew Mearman 8. A Pragmatic Alliance between Critical Realism and Simple Non-parametric Statistical Techniques John H. Finch and Robert McMaster 9. Triangulation, Time and the Social Objects of Econometrics Wendy Olsen 10. Theory Foundations and the Methological Foundations of Post Keynesian Economics Frederic S. Lee 11. Questionnaires in Realist research: A Case Study of Rural Small-Scale Industry in Ghana Wendy Olsen, Thandie M. Hara, and Sampson Edusah 12. Critical Realism and Applied Work in Economic History: Some Methodological Implications Brian Pinkstone 13. Critical Realism and the Political
Economy of the Euro Philip Arestis, Andrew Brown and Malcolm Sawyer 14. Presenting Demi-Regularities: The Case of Post Keynesian Pricing
aul Downward and Andrew Mearman 15. From Predictive To Indicative Statistics: Explaining Corporate Borrowing Murray Glickman 16. Transition in Eastern Europe: Critical Realism and Qualitative Insights Karl Petrick 17. Conclusion Paul Downward