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Materialism, Determinism, and Economics: An Overview

In: Limits of Economic and Social Knowledge

Author

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  • Stephen J. DeCanio

    (University of California)

Abstract

By uncritically embracing materialism in the mistaken belief that this commitment is an intrinsic element of the scientific method, economics and the other social sciences have taken a wrong turn. The world of inanimate matter is the purview of the natural sciences, but carrying a materialist orientation over to the study of the human and social realms sets off a cascading series of oversimplifications, misconceptions, and outright fallacies that cumulatively can be fatal to genuine understanding.

Suggested Citation

  • Stephen J. DeCanio, 2014. "Materialism, Determinism, and Economics: An Overview," Palgrave Macmillan Books, in: Limits of Economic and Social Knowledge, chapter 1, pages 1-19, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37193-5_1
    DOI: 10.1057/9781137371935_1
    as

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