New Empirical Development Economics

Development Economics Remarks on Its Philosophical Foundations KAUSHIK BASU Introduction The methodology of scientific research is largely a matter of intuition and knack. As a consequence it is hard to think of formal criteria for evaluating methodology. This must be one reason why the philosophy of science has made so little progress compared to science. The same is true of economics. The subject has made huge gains. But the skirmishes that have been fought about its methodology