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Economics: A Science of Meaning

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  • Ferlito, Carmelo

Abstract

In this paper I will define economics following a different general approach to economic problems, an approach that, because of its emphasis on meaning, has been called ‘radical subjectivism’ (Storr, 2017). In the light of this approach, it is possible to develop a general theory for the economic system, with the possibility of globally responding to economic questions within a broad paradigm. Moreover, such a paradigm has to incorporate two fundamental elements disregarded by mainstream economics: real people and real time.

Suggested Citation

  • Ferlito, Carmelo, 2018. "Economics: A Science of Meaning," EconStor Preprints 190821, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:190821
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    File URL: https://www.econstor.eu/bitstream/10419/190821/1/Economics-A-Science-of-Meaning.pdf
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    References listed on IDEAS

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    1. Fu-Lai Tony Yu, 2012. "Two perspectives of time in economics: the neoclassical school (Newtonian) versus the Austrian school (Bergsonian)," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 3(1), pages 91-103.
    2. Fu-Lai Tony Yu & Gary Moon-Cheung Shiu, 2011. "A new look at the Austrian School of Economics: review and prospects," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 2(2), pages 145-161.
    3. Vaughn,Karen I., 1998. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521637657, November.
    4. Jesús Huerta de Soto, 2008. "The Austrian School," Books, Edward Elgar Publishing, number 13047.
    5. Phaneuf, Emile & Ferlito, Carmelo, 2014. "On Human Rationality and Government Control," MPRA Paper 67746, University Library of Munich, Germany.
    6. Ferdinando Meacci, 2009. "Uncertainty And Expectations In Shackle'S Theory Of Capital And Interest," Metroeconomica, Wiley Blackwell, vol. 60(2), pages 302-323, May.
    7. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, November.
    8. Ferdinando Meacci & Carmelo Ferlito, 2018. "The classical roots of the Austrian theory of capital and entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(3), pages 315-339, September.
    9. von Hayek, Friedrich August, 1989. "The Pretence of Knowledge," American Economic Review, American Economic Association, vol. 79(6), pages 3-7, December.
    10. Randall Holcombe, 2014. "Advanced Introduction to the Austrian School of Economics," Books, Edward Elgar Publishing, number 15228.
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    Cited by:

    1. Sandye Gloria, 2019. "From Methodological Individualism to Complexity: The Case of Ludwig Lachmann," Post-Print halshs-02345495, HAL.
    2. Sandye Gloria, 2019. "From Methodological Individualism to Complexity: The Case of Ludwig Lachmann," Review of Political Economy, Taylor & Francis Journals, vol. 31(2), pages 216-232, April.

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    More about this item

    Keywords

    Economics; Meaning; Real Time;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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