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The Unending Methodological Debates in Economics

Author

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  • Sharma Soumitra

    (Faculty of Economics and Tourism, Pula, Croatia.)

Abstract

Economic science, its contents, scope, and significance have been, for over a century and a half, dominated by intense methodological debates among scholars concentrating over issues of positivism, normativity, optimality, and empiricism. The debates are still going on. In this brief review, the author wishes to refresh the ongoing methodological debates that have haunted thewider field of social sciences.

Suggested Citation

  • Sharma Soumitra, 2024. "The Unending Methodological Debates in Economics," Zagreb International Review of Economics and Business, Sciendo, vol. 27(2), pages 177-197.
    • Handle: RePEc:vrs:zirebs:v:27:y:2024:i:2:p:177-197:n:1008
    DOI: 10.2478/zireb-2024-0022
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    References listed on IDEAS

    as
    1. Eugene Rotwein, 1959. "On "The Methodology of Positive Economics"," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 73(4), pages 554-575.
    2. Ben B. Seligman, 1969. "The Impact of Positivism on Economic Thought," History of Political Economy, Duke University Press, vol. 1(2), pages 256-278, Fall.
    3. Bruce C. Greenwald & Joseph E. Stiglitz, 1986. "Externalities in Economies with Imperfect Information and Incomplete Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(2), pages 229-264.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    epistemological debate; David Hume; laissez-faire; orthodoxy; perfect competition; positivism;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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