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Cambridge Journal of Economics Advance Access published online on October 27, 2007
Cambridge Journal of Economics, doi:10.1093/cje/bem038
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© The Author 2007. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

On some criticisms of critical realism in economics

Mário da Graça Moura and Nuno Martins*

* Faculdade de Economia, Universidade do Porto, and Centro de Estudos Macroeconómicos e Previsão (CEMPRE); and Faculdade de Economia e Gestão, Universidade Católica Portuguesa, and Centro de Estudos em Gestão e Economia (CEGE), respectively

Address for correspondence: Nuno Martins, Universidade Católica Portuguesa, Faculdade de Economia e Gestão, Rua Diogo Botelho 1327, 4169-005 Porto, Portugal; email: nmartins{at}porto.ucp.pt

Methodological comments on critical realism in economics have proliferated over the past decade—typically focusing on Tony Lawson's Economics and Reality and Reorienting Economics, which constitute the core of this project. In the present paper we select a series of important, mostly very recent arguments against critical realism in economics and assess their merits and demerits.

Key Words: Economic Methodology • Critical Realism in Economics • Ontology

JEL classifications: B41

Manuscript received September 25, 2006; final version received June 28, 2007.


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