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Economics Without Laws - Towards a New Philosophy of Economics (Hardcover, 1st ed. 2017)
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Economics Without Laws - Towards a New Philosophy of Economics (Hardcover, 1st ed. 2017)
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This book offers a vision of economics in which there is no place
for universal laws of nature, and even for laws of a more
probabilistic character. The author avoids interpreting the
practice of economics as something that leads to the formulation of
universal laws or laws of nature. Instead, chapters in the book
follow the method of contemporary philosophy of science: rather
than formulating suggestions for practicing scientists of how they
should do research, the text describes and interprets the very
practice of scientific research. This approach demonstrates how
economists can explain economic phenomena not by subsuming them
under general laws, but rather by building models of these
phenomena, by referring to causes, or even by investigating what is
in the nature of given factors, events, or circumstances to
produce.
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