Conclusions

Ricardo Crespo

Chapter Chapter 11 in The Nature of the Economy, 2022, pp 223-226 from Springer

Abstract: Abstract All the characteristics of the subject matter of economics discussed in the previous chapters of this book unveil its close connection with the social, political, cultural, institutional, historical, and geographical dimensions where the micro- and macroeconomy unfold. The economic structures are part of the social, institutional, cultural, and political structures and cannot be dealt with without considering this imbrication. This conclusion stems from the “economic ontologists’” ideas that have been described in the book. It also derives from the analysis of the economic agent’s identity, macroeconomic entities, and money. The contingent character of the subject matter—i.e., the economy—enforces this way of doing economics. It should not be viewed as a limitation, but as a condition of good science, for, as AristotleAristotle explains referring to practical science, “for among statements about conduct those which are general apply more widely, but those which are particular are more true” (Nicomachean Ethics, II, 7, 1107a 31–3).

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-02453-5_11

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DOI: 10.1007/978-3-031-02453-5_11

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