Work detail

Philosophy of Science and Its Moments in Comparison of Schools of Economic Thought

Author: Mgr. Lukáš Kovanda
Year: 2006 - summer
Leaders: † prof. Ing. Milan Sojka CSc.
Work type: EEI & EP
Language: Czech
Pages: 160
Awards and prizes:
Abstract: The main aim of this study is to examine the challenging relationships between economics and philosophy of science. We seek to outline the crucial tendencies that took place in this field during the span of the 20th century, such as modernism/postmodernism and positivism/postpositivism etc. Furthermore, this paper then goes on to discuss four potential possibilities of the future image of economics. Accordingly, this work is then divided into two setups which fade into one another. In the context of the first setup’s comparison of neo-classical and post-Keynesian, in Larry Laudan’s term, research traditions in economics, we conclude, that, to the greater or lesser extent, there is an influence of the philosophy of science on economics. Thus, we also argue that every economist who advocates any theory, or model, should to a certain degree be familiar with the specific worldview, which in any research tradition is always implicitly or explicitly part of the solution as a whole. As already mentioned earlier, in the second setup of this work we focus in detail on four “scenarios of the future development in the field of economics”. We chose, arbitrarily though hope that arguably, a group of very distinguished economists or scientists such as Sheila C. Dow, Arjo Klamer, David Colander, D. Wade Hands, Bruce J. Caldwell, and Fritjof Capra to represent each of these four scenarios. Finally, we argue that modern evolutionary economics of complexity could be one of the most likely images of the future economics. Consequently, we then discuss this specific research tradition, with its ontology, methodology and also theoretical and applied parts, in the Appendix of this work.
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