CAMREC: New paper: Relevance, Realism and Rigour: A Third Way for Social and Economic Research

From: the Campaign for Real Economics (camrec@mmu.ac.uk)
Date: Wed Dec 01 1999 - 11:50:49 GMT


Date: Wed, 01 Dec 1999 11:50:49 +0000
Message-Id: <199912011153.LAA12798@alpheratz.cpm.aca.mmu.ac.uk>
To: bogus
From: camrec@mmu.ac.uk (the Campaign for Real Economics)
Subject: CAMREC: New paper: Relevance, Realism and Rigour: A Third Way for Social and Economic Research
In-Reply-To: <CAMREC: Interesting site: econophysics>


Message-Id: <199912011153.LAA12798@alpheratz.cpm.aca.mmu.ac.uk>
To: CAMREC list members <camrec@mmu.ac.uk>
From: the Campaign for Real Economics <camrec@mmu.ac.uk>
Date: Wed, 01 Dec 1999 11:50:49 +0000
Subject: CAMREC: New paper: Relevance, Realism and Rigour: A Third Way for Social and Economic Research

Relevance, Realism and Rigour:
 A Third Way for Social and Economic
             Research

Abstract

This paper lays down a challenge to adopt a third way for social
and economic research. This third way rejects economics as bad
science and intellectually dishonest. It also rejects approaches to
management research that retreat into the notion that there is no
objective reality. The first is too remote from reality to be useful in
the development of social policy and the second is too introspective
to support a social analysis that is relevant to policy.

The third way as in contemporary politics recognises that social
institutions are a product of individual behaviour and action. In
order to live and work together, people develop norms of
behaviour, common beliefs, notions of responsibility, right and
duty. The problem for social scientists is to develop ways of
developing the concept of the third way as a useful approach to
policy analysis.

The paper makes four key points that are backed by evidence from
the relevant literatures:

     Economics as developed over the past century is not useful
     for the analysis and support of formal policy; it should simply
     be ignored by serious social scientists

     Social scientists developing and using qualitative research
     methods, particularly in management research, have rejected
     any kind of formal modelling because they identify such
     modelling with economics

     While qualitative social research, particularly in the
     management disciplines, can be too introverted some
     would say self-indulgent to be relevant for general support
     of social policies, the detailed understanding of social
     processes developed by researchers working in that area can
     usefully inform the development of social models and a good
     science of management and social policy

     Methods developed by social simulation modellers in
     particular are well able to reflect the detailed evidence of
     qualitative social and management research and, moreover,
     to do so in a way that captures the evolution and
     development of social institutions in a manner that is entirely
     consistent with the third way.

Available at:
        http://www.cpm.mmu.ac.uk/cpmrep56.html



This archive was generated by hypermail 2b29 : Thu Jan 06 2000 - 17:00:33 GMT