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dc.contributor.authorDe Vroey, Michelen_US
dc.date.accessioned2011-02-24en_US
dc.date.accessioned2011-03-11T15:48:21Z-
dc.date.available2011-03-11T15:48:21Z-
dc.date.issued2011en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 5 2011-4 1-39en_US
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2011-4en_US
dc.identifier.urihttp://hdl.handle.net/10419/44434-
dc.description.abstractThis paper concerns a neglected aspect of Lucas's work: his methodological writings, published and unpublished. Particular attention is paid to his views on the relationship between theory and ideology. I start by setting out Lucas's non-standard conception of theory: to him, a theory and a model are the same thing. I also explore the different facets and implications of this conception. In the next two sections, I debate whether Lucas adheres to two methodological principles that I dub the 'non-interference' precept (the proposition that ideological viewpoints should not influence theory), and the 'non-exploitation' precept (that the models' conclusions should not be transposed into policy recommendations, in so far as these conclusions are built into the models' premises). The last part of the paper contains my assessment of Lucas's ideas. First, I bring out the extent to which Lucas departs from the view held by most specialized methodologists. Second, I wonder whether the new classical revolution resulted from a political agenda. Third and finally, I claim that the tensions characterizing Lucas's conception of theory follow from his having one foot in the neo-Walrasian and the other in the Marshallian-Friedmanian universe.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.subject.jelB22en_US
dc.subject.jelB31en_US
dc.subject.jelB41en_US
dc.subject.jelE30en_US
dc.subject.ddc330en_US
dc.subject.keywordLucasen_US
dc.subject.keywordnew classical macroeconomicsen_US
dc.subject.keywordmethodologyen_US
dc.subject.stwNeue klassische Makroökonomiken_US
dc.subject.stwWissenschaftliche Methodeen_US
dc.subject.stwDogmengeschichteen_US
dc.titleLucas on the relationship between theory and ideologyen_US
dc.typeArticleen_US
dc.identifier.ppn64737451Xen_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen_US
dc.identifier.repecRePEc:zbw:ifweej:20114-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles

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