This MedLibrary.org supplementary page on Armchair theorizing is provided directly from the open source Wikipedia as a service to our readers. Please see the note below on authorship of this content, as well as the Wikipedia usage guidelines. To search for other content from our encyclopedia supplement, please use the form below:
Related Sponsors
Armchair theorizing or armchair theorising is an unofficial term for the approach which economists are perceived to mostly use for coming up with a new economic theory.
"Economists can discover basic facts by observation of their own and other people's decision making. They even have the advantage of being able to observe the basic elements of their theoretical generalizations (human individuals and their strivings) directly, while the natural scientists must postulate or infer their basic but not directly observable elements from whatever phenomena they can observe directly. Much as geometers deduce many theorems from a few axioms, so economists deduce a powerful body of theory from a relatively few empirical generalizations, ones so crushingly obvious that their failure to hold true is almost inconceivable in the world as we know it. [...] Armchair theorizing need not be the mere sterile juggling of arbitrary assumptions; it can have a sound empirical basis." 1
External links
- Planning Theory, In Defense of Armchair Theorizing, Seymour J. Mandelbaum, DOI: 10.1177/1473095206064975
- Discussion of On the Politics of Accounting Disclosure and Measurement: An Analysis of Economic Incentives, Dale Morse, Journal of Accounting Research, Vol. 19, Studies on Standardization of Accounting Practices: An Assessment of Alternative Institutional Arrangements (1981), pp. 36-42, doi:10.2307/2490981
- Henry George and Austrian economics - History of Thought, American Journal of Economics and Sociology, The, Dec, 2001 by Leland B. Yeager
References
 |
This economic theory related article is a stub. You can help Wikipedia by expanding it. |
Wikipedia content modification information:
- This page was last modified on 28 July 2008, at 00:33.
Wikipedia Authorship and Review
Wikipedia content provided here is not reviewed directly by MedLibrary.org. Wikipedia content is authored by an open community of volunteers and is not produced by or in any way affiliated with MedLibrary.org.
Wikipedia Usage Guidelines
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article on "Armchair theorizing".
The URL for this specific entry is:
All Wikipedia text is available under the terms of the GNU Free Documentation License. (See Copyrights for details). Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc.