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The role of grounded theory in developing economic theory

Finch, J.H. (2002) The role of grounded theory in developing economic theory. Journal of Economic Methodology, 9 (2). pp. 213-234. ISSN 1350178X

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Abstract

Grounded theory is examined as a means of undertaking economics research that aims at theoretical development and generalization rather than testing established theories. Grounded theory encompasses a set of procedures for undertaking and analysing case studies-qualitative and quantitative-in a systematic and comparative manner. These procedures are set out, and illustrations of theory developed in close connection with business decision-making and industry competition are drawn from P.W.S. Andrews' post-Marshallian industry studies, Cyert and March's Behavioral Theory of the Firm, and Sutton's analysis of market structures. Conclusions are drawn out regarding the nature of the relationship between testing established theory and making novel knowledge claims, the nature of knowledge held by those involved in economic phenomena, the nature of contexts of discovery and verification, and processes involved in making inferences.

Item type: Article
ID code: 9187
Keywords: GROUNDED THEORY, THEORETICAL DEVELOPMENT, CATEGORIZING INFORMATION, QUALITATIVE RESEARCH, INDUSTRIAL ORGANIZATION, INFERENCE, Marketing. Distribution of products, Economic Theory, Economics, Econometrics and Finance(all)
Subjects: Social Sciences > Commerce > Marketing. Distribution of products
Social Sciences > Economic Theory
Department: Strathclyde Business School > Marketing
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 03 Dec 2009 16:51
    Last modified: 04 Sep 2014 19:04
    URI: http://strathprints.strath.ac.uk/id/eprint/9187

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