Fact or fiction? Conference on realism in economics; Erasmus Institute for Philosophy and Economics, Erasmus University; 'Ugly currents in modern economics'

Paper number: 98/03

Year: 1998

Paper Category: Discussion Paper


Mark Blaug
University of Exeter


An analysis of the disease of formalism in modern economics. Its manifestation in general equilibrium theory, game theory, the new classical macroeconomics and real business cycle theory. Symptoms of the disease in the current vogue for postmodernism in methodology. The possibilities for curing the disease.

JEL Classification Nos: XXX
Keywords: Xxxx

Corresponding Author: Mark Blaug, Department of Economics, University of Exeter, Amory Building, Rennes Drive, Exeter, EX4 4RJ, UK, tel: (44) 1392 26XXXX, fax: (44) 1392 263242, email: M.Blaug@exeter.ac.uk