January, 2017

Alternative Interpretations of Economic Theory and its Limits

  • Paul Dragos Aligica

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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Find the paper online at SpringerLink.

Three recent books offer a sample of what is at stake in the current soul-searching and debates on economics and its future. The books illustrate three major possible positions on the nature and function of economic theorizing: the regressive, the status-quo and the reconstructive. At the same time they offer broader insights regarding the nature and limits of social sciences in general.