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The dilemma explanation-understanding in economic science

Albio Márquez ()
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Albio Márquez: Universidad Nacional Experimental de los Llanos Occidentales Ezequiel Zamora. Vicerrectorado de Planificación y Desarrollo Social (VPDS). Barinas, Venezuela.

Economía, 2015, vol. 40, issue 39, 153-175

Abstract: In economic science has always been present the dilemma explanation-understanding. For some schools and trends of economic thought the reality is formed by domains of observables, calculablesor thinkable objects that are enough to know through the explanatory model; and by domains of experiences or intuitables objects that require to be addressed by the interpretative model. In this article, using the critical analysis of epistemological and hermeneutical discourse, arguments are made against this exclusionary perspective and in favor of a process of interpretation, which under the principle of complementarily, would lead to the use of both models in a same domain and thus achieve a better approximation to the truth of the economic reality.

Keywords: Dilemma explanation-understanding; explanatory model; interpretative model; hermeneutical arc. (search for similar items in EconPapers)
JEL-codes: B40 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:ula:econom:v:40:y:2015:i:39:p:153-175