by Summary:
The economists' dilemma: If economic methodology doesn't base itself on assumptions common to the hard sciences, like homogeneity, additivity, transitivity, etc, then it won't be considered a real science. On the other hand, if economists ignore reflexivity, downward causation in systems, synergy, and other factors that affect individuals who are socially embedded, its output will not fit reality and it will appear lack empirical foundation, not to mention disappointing raised expectations resulting from the claim of being a "hard" science distinct from "soft" science like social science.Maybe quit being hypocritical and 'fess up to the actual situation?Lars P. Syll’s BlogWhat’s the use of economics?Lars P. Syll | Professor, Malmo University
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Mike Norman considers the following as important: economics as science, economics profession, teaching economics
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The economists' dilemma: If economic methodology doesn't base itself on assumptions common to the hard sciences, like homogeneity, additivity, transitivity, etc, then it won't be considered a real science. On the other hand, if economists ignore reflexivity, downward causation in systems, synergy, and other factors that affect individuals who are socially embedded, its output will not fit reality and it will appear lack empirical foundation, not to mention disappointing raised expectations resulting from the claim of being a "hard" science distinct from "soft" science like social science.Maybe quit being hypocritical and 'fess up to the actual situation?Lars P. Syll’s BlogWhat’s the use of economics?Lars P. Syll | Professor, Malmo University
Topics:
Mike Norman considers the following as important: economics as science, economics profession, teaching economics
This could be interesting, too:
Mike Norman writes REVIEW ESSAY–The Reformation in Economics: A Deconstruction and Reconstruction of Economic Theory by Philip Pilkington Marc Morgan
Mike Norman writes Why Economics is an Impossible Science (In One Paragraph) — Marshall Sahlins
Mike Norman writes Three Economic Ideas Threatening to Defenders of the Status Quo — Peter Cooper
Mike Norman writes Bill Mitchell — Be careful of what parades as academic research (Uber)
The economists' dilemma: If economic methodology doesn't base itself on assumptions common to the hard sciences, like homogeneity, additivity, transitivity, etc, then it won't be considered a real science. On the other hand, if economists ignore reflexivity, downward causation in systems, synergy, and other factors that affect individuals who are socially embedded, its output will not fit reality and it will appear lack empirical foundation, not to mention disappointing raised expectations resulting from the claim of being a "hard" science distinct from "soft" science like social science.
Maybe quit being hypocritical and 'fess up to the actual situation?
Lars P. Syll’s Blog
What’s the use of economics?
Lars P. Syll | Professor, Malmo University