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Capacity-Based Account of Theory-Building: A Case of Two-Stage-Theory-Test Process in Economics
첸 슈팅 한국과학철학회 2019 과학철학 Vol.22 No.3
In contrast to some prominent methodologists maintain that the practice of economic theory-building follows a regularist methodology, this paper defends a capacity-based analytic piecemeal image of the so-called causal structuralist approach of theory-building in economics. This piecemeal image indicates that the process of restructuring the theoretical model in economics reflects a general picture of economic theorizing by showing that the failed predictions obtained from a two-stage-theory-test process constitute a piece of information that is fed back to the theoretical model as a clue to help economists manipulate a rearrangement of the model. By conducting such a model-rearrangement, economists can thus provide empirical content to their models in the process of theory-building with respect to various concrete cases; and this piecemeal characterization of the approach should be regarded as arising from the fact that although economists have a holistic view of the causal structure of an economic phenomenon, they do not have a holistic approach to obtain the causal structure, what they can do is to try their very best to use the capacity-based analytic piecemeal method to uncover the causal structure case by case and step by step.
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Regularism or Structuralism? A Reconsideration of Methodological Discussion on Economic Theorizing
첸 슈팅 한국과학철학회 2018 과학철학 Vol.21 No.3
The main thesis of this paper is that methodological discussion of economics should extend its focus to include not only theory-testing, as at present, but also theory-building, an important topic that is worthy of detailed discussion. In addition, the communication between the theory-building part of theorizing and the theory-testing part of it should also be paid greater attention. Furthermore, this paper also argues that theory-testing should be interpreted in the context of the structuralist rather than the associationist view. And, finally, an example of international trade theory development is provided to illustrate that, instead of being regarded as a deductive-nomological explanation, an economic explanation should be interpreted as a causal structuralist explanation.
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