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Realism, closed systems and abstraction

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  • Stephen Pratten

Abstract

The particular use made of the terms 'open and closed systems' by proponents of critical realism has generated some critical commentary in recent years. In this paper it is shown how debates about open and closed systems provide a perspective from which to address certain fundamental questions in economic methodology. It is argued that the meaning and significance that advocates of critical realism attach to these terms can be clarified by understanding the context within which they were developed. The paper shows how the limitations associated with dominant perspectives both in the philosophy of science and within economics could more effectively be revealed once the terms 'open and closed systems' had been elaborated upon. A partial comparison with the work of Nancy Cartwright is developed.

Suggested Citation

  • Stephen Pratten, 2007. "Realism, closed systems and abstraction," Journal of Economic Methodology, Taylor & Francis Journals, vol. 14(4), pages 473-497.
    • Handle: RePEc:taf:jecmet:v:14:y:2007:i:4:p:473-497
    DOI: 10.1080/13501780701718748
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    References listed on IDEAS

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    1. Geoffrey M. Hodgson, 2006. "Economics in the Shadows of Darwin and Marx," Books, Edward Elgar Publishing, number 3925.
    2. Cartwright,Nancy, 1999. "The Dappled World," Cambridge Books, Cambridge University Press, number 9780521644112, November.
    3. Cartwright,Nancy, 1999. "The Dappled World," Cambridge Books, Cambridge University Press, number 9780521643368, November.
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