Sorites’ Paradox: the “Looseness” of Economic Concepts

Basil John Moore

Chapter 6 in Shaking the Invisible Hand, 2006, pp 131-155 from Palgrave Macmillan

Abstract: Abstract How close an empirical grasp can economics get of the complex phenomena constituting the “economy”? Two separate questions may be distinguished: 1. How closely can economic theory capture underlying economic reality? 2. How closely can theoretical concepts be proxied by empirical measures?

Keywords: Inflation Rate; National Income; Informal Sector; Capital Gain; Market Transaction (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51213-9_6

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DOI: 10.1057/9780230512139_6

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