A Economia em Ebulição: Integrando o Plural e a Moral numa Ciência Económica Satisfatória

Economics in Turmoil: Integrating Moral and Plural in a Satisfactory Economic Science

Hugo Pinto

MPRA Paper from University Library of Munich, Germany

Abstract: The crisis in (financial) markets led to the failure of orthodoxy and should bring out a new theoretical and methodological framework to Economics. This essay discusses what is Economics and if it needs to move away from its normative dimension to assert itself as a producer of scientific knowledge. The economist should not be the only scientist who studies the behavior of rational agents and the allocation of scarce resources slave method and quantitative formalism. The economist has to be someone who understands that there is no scientific analysis of the economic realm excluding its main components: the unpredictable nature of individuals and the social and moral condition that exists in each person.

Keywords: Economics; Orthodoxy; Mainstream; Pluralism; Moral (search for similar items in EconPapers)
JEL-codes: B41 B52 (search for similar items in EconPapers)
Date: 2009-10-01
New Economics Papers: this item is included in nep-hpe
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