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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]

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  • Pinto, Hugo

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.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18718.

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Date of creation: 01 Oct 2009
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Handle: RePEc:pra:mprapa:18718

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Keywords: Economics; Orthodoxy; Mainstream; Pluralism; Moral;

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  1. Chick, Victoria, 1998. "On Knowing One's Place: The Role of Formalism in Economics," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 108(451), pages 1859-69, November.
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  8. Colander, David, 2009. "What Was “It” That Robbins Was Defining?," Journal of the History of Economic Thought, Cambridge University Press, Cambridge University Press, vol. 31(04), pages 437-448, December.
  9. De Palma, Andre & Marcucci, Edoardo & Niskanen, E. & Verhoef, Erik, 2007. "Introduction," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 36, pages 1-3.
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