John Kay: A Call for Eclecticism (3/5)

In part three of this INET interview, John Kay calls for greater eclecticism in the methods of economic research. Inductive reasoning can, and should be, an important part of economics, as evidenced by Ken Rogoff's recent study of the history of financial crises, This Time is Different. Yet Prof. Rogoff was criticized for not doing "real research." Kay suggests that to become relevant again, economics needs more of this kind of inductive research, not less.

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People & Blogs

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• Robert Johnson
• inductive
• deductive

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