D. Wade Hands is Distinguished Professor of Economics at the University of Puget Sound in Washington and has taught history of economic thought for more than 30 years. He has written on a wide range of topics in the history of economic thought and economic methodology. He is co-editor of The Journal of Economic Methodology and the author of Reflection Without Rules: Economic Methodology and Contemporary Science Theory, Cambridge University Press, 2001. His Agreement on Demand: Consumer Choice Theory in the 20th Century, edited with Philip Mirowski, was published in 2006 by Duke University Press, and The Elgar Companion to Recent Economic Methodology, edited with John B. Davis, was published in 2011.
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Changing the incentives for how economists determine both the content of the subject and their approach to scientific research could increase the range of thinking in the profession
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Wade Hands argues that empiricism without theory is insufficient
Paul Samuelson was both a mathematical micro-economist, working from theorem to proof in the neoclassical tradition, and a committed Keynesian macroeconomist, convinced of the necessity of policy intervention to improve the performance of market economies. How did he square these two sides of himself? Wade Hands goes into the archives to find out.