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A Economia em Ebulição: Integrando o Plural e a Moral numa Ciência Económica Satisfatória
[Economics in Turmoil: Integrating Moral and Plural in a Satisfactory Economic Science]

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  • Pinto, Hugo

Abstract

The crisis in (financial) markets led to the failure of orthodoxy and should bring out a new theoretical and methodological framework to Economics. This essay discusses what is Economics and if it needs to move away from its normative dimension to assert itself as a producer of scientific knowledge. The economist should not be the only scientist who studies the behavior of rational agents and the allocation of scarce resources slave method and quantitative formalism. The economist has to be someone who understands that there is no scientific analysis of the economic realm excluding its main components: the unpredictable nature of individuals and the social and moral condition that exists in each person.

Suggested Citation

  • Pinto, Hugo, 2009. "A Economia em Ebulição: Integrando o Plural e a Moral numa Ciência Económica Satisfatória
    [Economics in Turmoil: Integrating Moral and Plural in a Satisfactory Economic Science]
    ," MPRA Paper 18718, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18718
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    File URL: https://mpra.ub.uni-muenchen.de/18718/1/MPRA_paper_18718.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Economics; Orthodoxy; Mainstream; Pluralism; Moral;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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