"This is a well-written and stimulating book...The summaries of the relevant literature are very good; its critical comments are balanced and fair. Many economists will find it a useful book". Journal of Economic Literature
"...If one is looking for a single book that might safely be put into the hands of economics students to inform them about relevant developments in the philosophy of science, about the tradition of self-conscious appraisal in their own discipline, and about the empirical substance of what they will almost everywhere be taught as mainstream economics, then this is it." Neil De Marchi, The Economic Journal
A revised and updated edition of a classic work on the nature of economic explanation introduces current thinking in the philosophy of science, looks at the status of welfare economics and provides a series of case studies of leading economic controversies as well.