A Review of Kuhnian and Lakatosian “Explanations” in Economics

theory in particular” (1994, p. 29). He found, explained and documented some specific hard
core propositions in this theory (1994, pp. 41-2).

From the above Lakatosian SRP implications on various specific economic theories
we can compose the following table:

Table 5

V. Criticisms of Lakatos

As far as Lakatosian ideas are concerned, one can argue that given that his views
have had much more influence among economists, one can also find more detailed criticisms
over the application of Lakatosian ideas to the growth of economic knowledge. The more
general criticism is similar to the one applied to Kuhn and refers to the fact that Lakatos’
ideas developed with main reference to Physics. Thus, many economists such as

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