This book applies a critical focus on the extent to which
methodological practices in mainstream economic theory impede our
understanding of substantive economic phenomena as the products of
human action. Economists, in general, work with a concept and
representation of the human agent that is palpably unrealistic.
Most do so, not out of ignorance, but rather to maintain the
pretence that economics is the only true science among the social
sciences because it enforces the use of rigorous and formalist
methods of argument. Allen Oakley's inquiry pursues ideas of social
ontology pertinent to reconstructing economic theory in a way that
addresses this lack of realism. These ideas take the form of a
revised metatheory for a humanistic economics in which priority is
given to properly understanding and depicting the human origins of
economic phenomena, rather than to meeting the imposed demands of
scientistic rigour. Indeed, he demonstrates that many ontological
ideas pertinent to such a reconstruction are extant in the
literature of social philosophy and theory, a literature largely
neglected by economic theorists. Economists and social scientists
concerned about the nature and problems of mainstream economic
theory will gain a great deal from reading this challenging book.
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