I just read Modern Economics is Sick, on the Real World Economics Blog which uses a quote from Mark Blaug to substantiate its thesis,
“Mainstream economics has become increasingly irrelevant to the understanding of the real world. The main reason for this irrelevance is the failure of economists to match their deductive-axiomatic methods with their subject.”
Mark Blaug (1927-2011) did more than any other single person to establish the philosophy and methodology of economics a respected subfield within economics. His path-breaking The methodology of economics (1980) is still a landmark (and the first textbook on economic methodology yours truly ever read)
One day, I’ll have look at it.
Maths, Economics and Mark Blaug