An Explanation of Some Philosophical Issues in Economics (in Persian)

Hasan Sobhani (), Abulghasem Mahdavi () and Hamid Padash ()
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Hasan Sobhani: Iran
Abulghasem Mahdavi: Iran
Hamid Padash: Iran

The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه), 2013, vol. 18, issue 1, 77-94

Abstract: The main purpose of this paper is to find an answer to the key question: “What kind of philosophical issues could be expected to be dealt with in economics?” Having reviewed the related literature, the researchers try to explain the philosophy of economics in the context of three domains, i.e. ontology, epistemology, and methodology of economics. The results suggest that ontological issues in economics cover the objectivity in economic phenomenon, causality, the tendency of economists to the universalization, and the origins of economic behavior. The epistemological issues are rationalism vs. empiricism, doubting the law or law-like statements in economics, and the aggregation (of issue micro- vs. macro-economic issues). Finally, from the methodological perspective, these issues could be discussed in the frameworks the value and fact distinction, mathematicization and quantification explanation methods in economics.

Keywords: Economics; Philosophy; Ontology; Epistemology; Methodology (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:auv:jipbud:v:18:y:2013:i:1:p:77-94

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