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Imperialism and Theoricity in the Economic Science

Author

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  • Dinga, Emil

    (Centre of Financial and Monetary Research " Victor Slavescu", Romanian Academy, Bucharest)

Abstract

The issue of the epistemological state of the economic science is one in process. The economic science is the victim of an epistemological and especially methodological imperialism exerted by the natural sciences (mainly by the non-relativistic physics) and, at the same time, is the author of an identical imperialism exerted on other human sciences. In the context, the paper is discussing certain crucial issues that must stay at the basis of a conceptual reconstruction of the economic science and, finally, for building of an economic genuine epistemology, as: theoreticity, analyticity, explanation performance, and predictive performance of this science. The basic conclusion is that is impossible to build a “strong” theoreticity of the economic science (like mathematics, physics, theoretical biology) but, at most, a “weak” theoreticity that could save the formal analyticity of the economic science.

Suggested Citation

  • Dinga, Emil, 2009. "Imperialism and Theoricity in the Economic Science," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(1), pages 183-191, March.
    • Handle: RePEc:vls:finstu:v:13:y:2009:i:1:p:183-191
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    Keywords

    theoricity; analycity; prediction; explanation; comprehension;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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