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Filosofia da ciência como ferramenta microeconômica [Philosophy of science as a microeconomic tool]

Author

Listed:
  • Fabio Barbieri

    (Universidade P. Mackenzie e Unifecap)

Abstract

Neoclassical theory assumes perfect knowledge. In turn, Hayekian criticism of this theory affirms that this knowledge is the result of the competitive process, and therefore cannot be considered as a given. The "Hayek Problem" investigates the conditions under which agents knowledge approaches the true fundamentals of an economy. In order to solve this problem, our paper uses ideas taken from the methodology of science known as the "growth of knowledge" theory (Popper, Kuhn, Lakatos and others). These ideas are used to understand how agents knowledge evolves, especially the knowledge of entrepreneurs. These are seen as active formulators of conjectural entrepreneurial theories that are criticized in the competitive process, and not as passive agents that maximize already known functions as in conventional theory. We use philosophy of science not to methodologically analyze microeconomics, but as an analytical tool that is part of economic theory.

Suggested Citation

  • Fabio Barbieri, 2006. "Filosofia da ciência como ferramenta microeconômica [Philosophy of science as a microeconomic tool]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 16(3), pages 507-534, September.
    • Handle: RePEc:nov:artigo:v:16:y:2006:i:3:p:507-534
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    More about this item

    Keywords

    microeconomics; entrepreneurship; methodology; Hayek; Popper;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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