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The resilience of modern neoclassical economics – a case study in the light of Ludwik Fleck’s ‘harmony of deception’

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  • Arne Heise

    (Universität Hamburg, Department of Socioeconomics, Hamburg (Germany))

Abstract

In this paper, Ludwick Fleck’s philosophy and sociology of science will be briefly outlined in order to establish a ‘theory of the resilience of scientific misapprehension’. This theory will be use in order to gain insights into the modes of operation of defence and resilience of modern neoclassical economics in the face of recent harsh critique by singling out a case of extreme deviation of theoretical prediction from empirical evidence: minimum wages’ impact on employment.

Suggested Citation

  • Arne Heise, 2019. "The resilience of modern neoclassical economics – a case study in the light of Ludwik Fleck’s ‘harmony of deception’," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(1), pages 1-18, November.
    • Handle: RePEc:bus:jphile:v:13:y:2019:i:1:n:1
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    More about this item

    Keywords

    minimum wages; neoclassical economics; philosophy of science; Ludwick Fleck;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)

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