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The critical realist conception of open and closed systems

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  • Steve Fleetwood

Abstract

The critical realist (CR) conception of open and closed (O&C) systems is not about systems: it is about (ir)regularities in the flux of events and states of affairs. It has recently been criticised on the grounds that critical realists (CRs) should take on board ideas about the general nature of systems; recognise that genuinely open social systems would be impossible; avoid polarities or dualisms where either there are event regularities and open systems, or there are no event regularities and closed systems and accept partial regularities and partially open systems; and understand that orthodox economics is not based upon event regularities, laws or Humean empiricism. The objective of this paper is to ‘take stock’ of these recent criticisms.

Suggested Citation

  • Steve Fleetwood, 2017. "The critical realist conception of open and closed systems," Journal of Economic Methodology, Taylor & Francis Journals, vol. 24(1), pages 41-68, January.
    • Handle: RePEc:taf:jecmet:v:24:y:2017:i:1:p:41-68
    DOI: 10.1080/1350178X.2016.1218532
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    Cited by:

    1. Thanos Fragkandreas, 2023. "Case study research on innovation systems: paradox, dialectical analysis and resolution," Working Papers 65, Birkbeck Centre for Innovation Management Research, revised 15 May 2023.
    2. Imko Meyenburg, 2022. "A possibilist justification of the ontology of counterfactuals and forecasted states of economies in economic modelling," Working Papers hal-03751205, HAL.
    3. Mariusz Maziarz, 2019. "The unrealistic realist philosophy. The ontology of econometrics revisited," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(1), pages 39-64, November.
    4. Steve Fleetwood, 2021. "A definition of habit for socio-economics," Review of Social Economy, Taylor & Francis Journals, vol. 79(2), pages 131-165, April.

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