Economic Sciences

Ricardo Crespo

Chapter Chapter 10 in The Nature of the Economy, 2022, pp 199-221 from Springer

Abstract: Abstract The Introduction of this book announced its intention to analyze the nature and method of economic sciences based on the conclusions on the nature of the constituents of the economy. Chapter 4 , focusing on the economy “in general,” actually dealt with economic actions, while Chapter 5 set out to explore the identity of the economic agent, pointing out the reductive character of this notion in standard economics. Chapter 6 examined the economic agent as worker, highlighting the subjective dimension of work, and Chapter 8 underscored the metaphysical accidental character of macroeconomic entities. Finally, looking at fiduciary money, Chapter 9 highlighted also the contingent character of its value, which largely depends on people’s trust in it. All these characteristics of the subject matter of economics tie it closely to the social, political, cultural, historical, and geographical dimensions where it—micro- and macroeconomy—unfolds. This nature of economics and its method appears in the rest of this chapter, which starts by summarizing the author’s previous ideas. Next, it introduces Aristotle’sAristotle, Cartwright’sCartwright, N.C., Lawson’sLawson, T., and Mäki’sMäki, U. views on economic science before integrating them all to show how they meet the requirements of the constituents of the subject matter of economics.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-02453-5_10

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DOI: 10.1007/978-3-031-02453-5_10

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