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Pluralism in economics: from epistemology to hermeneutics

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  • Gala, Paulo
  • Fernandes, Danilo Araújo
  • Wjuniski, Bernardo Stuhlberger
  • Corrêa, Taís Marques

Abstract

The objective of this paper is to bring elements from the philosophical movement of hermeneutics and pragmatism to the discussion on methodology in economics, with a specific concern on the theory of truth. Our aim is to present the concept of the hermeneutic space, developed by the philosopher Richard Rorty, as a rational justification for pluralism in economics. We consider the hermeneutic space an interesting concept which should allow us to overcome the void left by the incapacity of epistemological theories to explain the evolution of sciences. It defends the idea that our culture, values and ways of interpreting things are what build the sciences, not any closed epistemological method. In this sense, pluralism is nothing more than letting the hermeneutic space work, without epistemological barriers, and understanding that this is desirable for the future development of economics as a science. This approach differs from all other methodological justifications for pluralism because it does not rely on any epistemological method, but assumes that the hermeneutic space can entirely fulfill the gap created by them

Suggested Citation

  • Gala, Paulo & Fernandes, Danilo Araújo & Wjuniski, Bernardo Stuhlberger & Corrêa, Taís Marques, 2010. "Pluralism in economics: from epistemology to hermeneutics," Textos para discussão 257, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    • Handle: RePEc:fgv:eesptd:257
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    Other versions of this item:

    • Paulo Gala & Ademar Danilo Araújo Fernandes & Ademar Bernardo Stuhlberger Wjuniski, 2012. "Pluralism in Economics: From Epistemology to Hermeneutics," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 13(1), pages 1-14.

    References listed on IDEAS

    as
    1. Victoria Chick, 2004. "On open systems," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(1), pages 3-17.
    2. Sheila C. Dow, 2012. "Beyond Dualism," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 4, pages 52-71, Palgrave Macmillan.
    3. Hands,D. Wade, 2001. "Reflection without Rules," Cambridge Books, Cambridge University Press, number 9780521797962, November.
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    Cited by:

    1. Jackson, Emerson Aabraham, 2017. "Hermeneutics of Ceteris Paribus in the African Context," MPRA Paper 97817, University Library of Munich, Germany, revised 05 Oct 2018.

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    JEL classification:

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

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