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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]

  • Pinto, Hugo

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18718.

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Date of creation: 01 Oct 2009
Date of revision:
Handle: RePEc:pra:mprapa:18718
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  1. Chick, Victoria, 1998. "On Knowing One's Place: The Role of Formalism in Economics," Economic Journal, Royal Economic Society, vol. 108(451), pages 1859-69, November.
  2. Márcia Balisciano & Steven G. Medema, 1999. "Positive Science, Normative Man: Lionel Robbins and the Political Economy of Art," History of Political Economy, Duke University Press, vol. 31(5), pages 256-284, Supplemen.
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  5. David Colander, 2004. "Economics as an Ideologically Challenged Science," Middlebury College Working Paper Series 0422, Middlebury College, Department of Economics.
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  7. De Palma, Andre & Marcucci, Edoardo & Niskanen, E. & Verhoef, Erik, 2007. "Introduction," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 36, pages 1-3.
  8. David COlander, 2009. "What Was “It” that Robbins Was Defining?," Middlebury College Working Paper Series 0914, Middlebury College, Department of Economics.
  9. Marchionatti Roberto, 2002. "Dealing with complexity Marshall and Keynes on the nature of economic thinking," CESMEP Working Papers 200201, University of Turin.
  10. Sheila C. Dow, 2007. "Variety Of Methodological Approach In Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 447-465, 07.
  11. J. Barkley Rosser, 2009. "Introduction," Chapters, in: Handbook of Research on Complexity, chapter 1 Edward Elgar.
  12. Stephanie Blankenburg & José Gabriel Palma, 2009. "Introduction: the global financial crisis," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 531-538, July.
  13. Tony Lawson, 2009. "The current economic crisis: its nature and the course of academic economics," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 759-777, July.
  14. Davis, John B., 2006. "The turn in economics: neoclassical dominance to mainstream pluralism?," Journal of Institutional Economics, Cambridge University Press, vol. 2(01), pages 1-20, April.
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