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Kuhn and Economics

In: Methodology and Economics

Author

Listed:
  • John Pheby

    (City of Birmingham Polytechnic)

Abstract

The work of Thomas Kuhn, an historian of science, has generated much interest amongst economists since the publication of his The Structure of Scientific Revolutions in 1962. Kuhn’s work has been interpreted as a direct response to both inductivism and falsificationism and he is certainly opposed to the former. However, whilst The Structure of Scientific Revolutions was not intended to be an explicit response to Popper it can be, and has been, interpreted as such; indeed, we shall see that Popper interprets it in this light. It will become evident that there are notable differences between them; I shall outline Kuhn’s schema of science and evaluate it, then I shall consider how applicable his approach is to economics.

Suggested Citation

  • John Pheby, 1988. "Kuhn and Economics," Palgrave Macmillan Books, in: Methodology and Economics, chapter 3, pages 37-53, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19258-8_3
    DOI: 10.1007/978-1-349-19258-8_3
    as

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