Evolutionary Modeling and Critical Realism

S. Kuntsel

Voprosy Ekonomiki, 2009, issue 1

Abstract: The paper shows that the major methodological problems of modern economics are rooted in internal contradictions and inconsistencies of positivism as applied to social sciences. Evolutionary economics is considered as an alternative approach to mainstream economics, capable of overcoming internal deficiencies that mainstream economics faces. But within evolutionary economics one can find different methodological grounds leading to multiple views on how to analyze complex economic reality, build models and evaluate them properly. It is argued that unifying methodological principles of evolutionary economics are to be found in the philosophy of critical realism. The most appropriate scientific method is that of computer simulations.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:829

DOI: 10.32609/0042-8736-2009-1-101-118

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