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Popperian Epistemology in Economics: The Alpha-Beta Method

In: Growth, Employment, Inequality, and the Environment

Author

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  • Adolfo Figueroa

Abstract

Why has the progress of scientific knowledge in economics proceeded at a pace that is slower than that of the natural sciences? A possible reason is the limitation of data, in quantity and quality; in addition, the instruments of measurement for the social phenomena are relatively imperfect. The other reason seems to rest upon the role of methodology in the construction of scientific knowledge in economics. Compared to physics, economics seeks to explain the functioning of the social world, which is a much more complex world than the physical world; one may then propose the principle that understanding more complex worlds, such as the social world, is more demanding on methodology than understanding the physical world.

Suggested Citation

  • Adolfo Figueroa, 2015. "Popperian Epistemology in Economics: The Alpha-Beta Method," Palgrave Macmillan Books, in: Growth, Employment, Inequality, and the Environment, chapter 0, pages 3-25, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-50267-4_1
    DOI: 10.1057/9781137502674_1
    as

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