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Die ökonomische Tradition und die Verfassung der Wissenschaft

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  • Hans Albert

Abstract

The usual view on the division of labour between the philosophy of science and economics is mistaken. The concentration on formal problems in both sciences has concealed the convergence of their problems. This convergence has been revealed by the institutional change in both sciences. The common problems of these sciences are related to the explanation of phenomena in the realm of knowledge. For this assumptions are needed about problem‐solving behavior of competing individuals. The institutional theory of the progress of knowledge by Karl Popper refers to this competition. One of the rewards desired in this competiton is the acknowledgment of the value of the solutions offered by the competitors. These solutions are goods which are evaluated by rules of method. The competition in science can be seen as a competition for status in the framework of incentive‐compatible rules in which bilateral exchange plays no role. The question to what extent the institutional arrangements in the realm of science in the western world are adequate for the progress of knowledge may have different answers for different countries.

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  • Hans Albert, 2006. "Die ökonomische Tradition und die Verfassung der Wissenschaft," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(s1), pages 113-131, May.
    • Handle: RePEc:bla:perwir:v:7:y:2006:i:s1:p:113-131
    DOI: 10.1111/j.1465-6493.2006.00219.x
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    References listed on IDEAS

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    2. Viktor Vanberg, 2004. "The rationality postulate in economics: its ambiguity, its deficiency and its evolutionary alternative," Journal of Economic Methodology, Taylor & Francis Journals, vol. 11(1), pages 1-29.
    3. Nicholas Georgescu-Roegen, 1954. "Choice, Expectations and Measurability," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 68(4), pages 503-534.
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    5. Mantzavinos,C., 2001. "Individuals, Institutions, and Markets," Cambridge Books, Cambridge University Press, number 9780521773584.
    6. Nicholas Georgescu-Roegen, 1950. "The Theory of Choice and the Constancy of Economic Laws," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 64(1), pages 125-138.
    7. Albert, Max, 1996. "Bayesian learning and expectations formation: Anything goes," Discussion Papers, Series I 284, University of Konstanz, Department of Economics.
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    Cited by:

    1. Gebhard Kirchgässner, 2015. "Wissenschaftlicher Fortschritt in den Wirtschaftswissenschaften: Einige Bemerkungen," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 135(2), pages 209-248.
    2. Viktor J. Vanberg, 2022. "The Economic Tradition and the Problem of Social Order: Hans Albert’s Critique of Welfare Economics and the Perspective of Constitutional Political Economy," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 83-111, October.
    3. Viktor Vanberg, 2010. "The ‘science-as-market’ analogy: a constitutional economics perspective," Constitutional Political Economy, Springer, vol. 21(1), pages 28-49, March.
    4. Geoffrey Brennan & Hartmut Kliemt, 2022. "An Albertian View of Buchanan’s Contractarianism," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 69-82, October.

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