The Three Methodological Mistakes described in this lecture are also covered in my Presidential Address at the AGM which had title 21st Century Economics and was covered in lecture AM28. See also blog post on Islamic WorldView Blog on same topic
Sample Question for Final:
1. Explain what is meant by Deification of Science, Battle of Methodologies, Logical Positivism
2. Explain three methodological principles currently in use which emerged from these historical episodes in the West.
3. Explain why these methodological principles are mistaken.
Three Methodological Mistakes at Heart of Economics - Post on Islamic WorldView Blog
Models Versus Reality - This point is explained in greater detail in the first lecture of my course on Prob & Stat -- please follow link and read.
Kant's Philosophy Explained Simply - Importance of Kant, turning point in Western Philosophy
AM20b Models and Reality - 2nd part of lecture explains the complex relation between models and reality. This is first step in explaining how to build and use models.
AM20a Three Methodological Flaws - Part A of lecture explains three fundamental methodological flaws at the heart of modern economics and econometrics. Removing these flaws can lead to a revolutionary new approach to the subject