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Economic Methodology

At its core, economic methodology is essentially about how economists do what they do - how they develop and test theories, gather data, and use it to inform policy.

There's no one specific definition, but most definitions of economic methodology will focus on the methods economists use to study the world and the assumptions they make. Economic methodology also considers the philosophical and ethical underpinnings of economic theory and analysis. For example, it might explore questions like "How should economists define well-being?" or "What's the role of individual freedom in economic decision-making?"

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