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Pluralism in Economics: From Epistemology to Hermeneutics


  • Paulo Gala

    (Escola de Economia de São Paulo, Fundação Getulio Vargas (EESP-FGV), Brazil)

  • Ademar Danilo Araújo Fernandes

    (Universidade Federal do Pará (PPGE/UFPA), Brazil)

  • Ademar Bernardo Stuhlberger Wjuniski

    (Fundação Getulio Vargas (EESP-FGV), Brazil)


The objective of this paper is to bring elements from the philosophical movement of hermeneutics and pragmatism to the discussion on methodology in economics, with a specific concern on the theory of truth. Our aim is to present the concept of the hermeneutic space as a way to overcome the void left by the incapacity of epistemological theories to explain the evolution of sciences. It defends the idea that our culture, values and ways of interpreting things are what build the sciences, not any closed epistemological method. In this sense, pluralism is nothing more than letting the hermeneutic space work, without epistemological barriers, and understanding that this is desirable for the future development of economics as a science.

Suggested Citation

  • Paulo Gala & Ademar Danilo Araújo Fernandes & Ademar Bernardo Stuhlberger Wjuniski, 2012. "Pluralism in Economics: From Epistemology to Hermeneutics," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 13(1), pages 1-14.
  • Handle: RePEc:anp:econom:v:13:y:2012:i:1:1_14

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    References listed on IDEAS

    1. repec:ekm:wpaper:v:24:y:2004:i:1:a:973 is not listed on IDEAS
    2. Dow, Sheila C, 1990. "Beyond Dualism," Cambridge Journal of Economics, Oxford University Press, vol. 14(2), pages 143-157, June.
    3. Hands,D. Wade, 2001. "Reflection without Rules," Cambridge Books, Cambridge University Press, number 9780521497152, June.
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    More about this item


    Pluralism; Scientific Methodology; Hermeneutics;

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology


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