Description
Is economics a science? Donald McCloskey, a leading economist and historian, says "Yes, but . . .". Yes, economics measures and predicts, but - like other sciences - it uses literary methods too. Economists use stories like geologists do, and metaphors like physicists do. The result is that the sciences, economics among them must be read as "rhetoric," in the ancient and honourable sense of writing with intent. McCloskey's books, The rhetoric of economics (1985) and If you're so smart (1990) have been widely discussed. In Knowledge and persuasion in economics he converses with his critics, suggesting that they too can gain from knowing their rhetoric. The humanistic and mathematical approaches to economics, says McCloskey, fit together in a new "interpretive" economics. Along the way he places economics within the sciences, examines the role of mathematics in the field, replies to critics from the left, right and centre, and shows how economics can take again a leading place in the conversation of humankind. This highly readable book offers an insider's guide to the intersection of economics and philosophy.