Economics as an inexact science - Economics as cultural science
3 important questions on Economics as an inexact science - Economics as cultural science
What are the limitations of science (Etzioni)?
- Great difficulties in determining what is a fact.
- Relativist nature of all observations since they depend on paradigm.
- Fragmentation the phenomenon under study not possible.
- Relativist nature of all observations since they depend on paradigm.
- Fragmentation the phenomenon under study not possible.
What can economics learn from credit crisis
-Role for economic history and thick descriptions
- MOdels are never enough (too abstract)
- Philosophy to understand the relationship between ecomics and ideology
- Less specilization; dialogue with other social sciences.
- MOdels are never enough (too abstract)
- Philosophy to understand the relationship between ecomics and ideology
- Less specilization; dialogue with other social sciences.
What makes of economics a cultural science
rethoric and the use of appealing metaphors is of crucial importance in the economic debate.
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