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A realist perspective on contemporary "economic theory."
- Article from:
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Journal of Economic Issues
- Article date:
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March 1, 1995
- Author:
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Copyright informationCOPYRIGHT 1995 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The disorder in the field of economic theory was attributed to an unquestioning acceptance of deductivism currently in orthodox economics. This deductivism as practiced focuses on the necessity of results as constant events. It was argued that this approach cannot be applied to an open society and that deductivism is subject to numerous permutations that are useless. It was also suggested that economics can become instructive only when positivism is replaced by trancendental realism.
that the transcendental realist perspective throws up. The essential point here is that while the traditional constant conjunction view of science entails the goal of control along with the amelioration of ...
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