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The Complexity of Economies and Pluralism in Economics

Claudius Gräbner ()

Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, 2017, vol. 137, issue 3, 193-225

Abstract: From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an epistemological framework of how scholars study their objects of inquiry and relate their models to reality is discussed. Furthermore, it is argued that given the current institutions of our scientific system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a state of plurality, critical intervention is desirable.

JEL-codes: A1 A2 B4 (search for similar items in EconPapers)
Date: 2017
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