One prominent aspect of recent developments in science studies has been the increasing employment of economic concepts and models in the depiction of science, including the notion of a free market for scientific ideas. This gives rise to the issue of the adequacy of the conceptual resources of economics for this purpose. This paper suggests an adequacy test by putting a version of free market economics to a self-referential scrutiny. The outcome is that either free market economics is self-defeating, or (...) else there must be two different concepts of free market, one for the ordinary economy, the other for science. Both conclusions will impose limits on the applicability of the ordinary economic concept of the market to the study of science. (shrink)

The paper seeks to offer [1] an explication of a concept of economics imperialism, focusing on its epistemic aspects; and [2] criteria for its normative assessment. In regard to [1], the defining notion is that of explanatory unification across disciplinary boundaries. As to [2], three kinds of constraints are proposed. An ontological constraint requires an increased degree of ontological unification in contrast to mere derivational unification. An axiological constraint derives from variation in the perceived relative significance of the facts explained. (...) An epistemological constraint requires strong fallibilism acknowledging a particularly severe epistemic uncertainty and proscribing against over-confident arrogance. (shrink)

Modelling cannot be characterized as isolating, nor models as isolations. This article presents three arguments to that effect, against Uskali Mäki's account of models. First, while isolation proceeds through a process of manipulation and control, modelling typically does not proceed through such a process. Rather, modellers postulate assumptions, without seeking to justify them by reference to a process of isolation. Second, while isolation identifies an isolation base—a concrete environment it seeks to control and manipulate—modelling typically does not identify such a (...) base. Rather, modellers construct their models without reference to concrete environments, and only later seek to connect their models to concrete situations of the real world. Third, Mäki argues that isolation employs idealization to control for disturbing factors, but does not affect the factors or mechanisms that are supposed to be isolated. However, models typically make idealizing assumptions about the factors and mechanisms that are the focus of investigation. Thus, even the product of modelling often cannot be characterized as isolation. (shrink)

Even though Popper, Lawson and Mäki are realists, the three of them understand by realism something different and support different positions on the use of models in economics. In this article we will compare the three proposals on their conceptions of reality, the function and the nature of economic models and their use to study the social world.