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The Complexity of Economies and Pluralism in Economics

Claudius Graebner ()
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Claudius Graebner: Institute for Institutional and Innovation Economics (iino), University of Bremen, Germany, https://claudius-graebner.com/

Authors registered in the RePEc Author Service: Claudius Gräbner ()

No 69, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy

Abstract: From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim I discuss an epistemological framework of how scholars study their objects of inquiry and relate their models to reality. Furthermore, I argue that given the current institutions of our scientific system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a state of plurality, critical intervention is desirable.

Keywords: Complexity; Pluralism; Epistemology; Cumulative Causation (search for similar items in EconPapers)
JEL-codes: A1 A2 B4 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2017-09
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
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