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On the Irrelevance of Methodological Individualism

Author

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  • Gylys Povilas

    (Faculty of Economics, Vilnius University, Saulėtekio Ave. 9, LT-10222,Vilnius, Lithuania)

Abstract

So far, methodological individualism has been the cognitive paradigm that permeates economic thinking in the epistemic community, in economic policy, and holds a place within the wide public at large. On the other hand, the tide of criticism addressed towards traditional economic philosophy is on the rise. The gist of this study is to demonstrate the weakness and antinomic character of the individualistic paradigm and to suggest an alternative worldview - methodological holism.

Suggested Citation

  • Gylys Povilas, 2017. "On the Irrelevance of Methodological Individualism," Ekonomika (Economics), Sciendo, vol. 96(1), pages 7-24, January.
    • Handle: RePEc:vrs:ekonom:v:96:y:2017:i:1:p:7-24:n:1
    DOI: 10.15388/ekon.2017.1.10661
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    References listed on IDEAS

    as
    1. George A. Akerlof & Robert J. Shiller, 2015. "Phishing for Phools: The Economics of Manipulation and Deception," Economics Books, Princeton University Press, edition 1, number 10534.
    2. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
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