The Methodology of Cartesian Economics: Some Thoughts on the Nature of Economic Theorising

R.J. Anderson, J.A. Hughes and W.W. Sharrock
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R.J. Anderson: Department of Sociology, Manchester Polytechnic
J.A. Hughes: Department of Sociology, University of Lancaster
W.W. Sharrock: Department of Sociology, University of Manchester

Journal of Interdisciplinary Economics, 1988, vol. 2, issue 4, 307-320

Abstract: The arguments advanced in this paper raise some questions to do with the character of conventional economic theorising, its metaphysical underpinnings and its relationship to ‘real world’ activities. At the heart of what is termed Cartesian Economics is a conception of science which stresses the criterial status of mathematics in the formulation of scientific theories. This is embodied in the methodology of ‘inductive axiomatics’ by which theoretically pure types are connected to ‘real world’ events through successive relaxation of theoretical axioms. However, it is argued here that the mathematical character of Ecomomics is a metaphysical stipulation not a discovery and raises again the question of Economic’s empirical reference.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:2:y:1988:i:4:p:307-320

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