Thu Oct 12 09:10:13 EDT 2006
Different "schools" of economic theorizing are primarily distinguished
from one another by their methodologies. Not surprisingly, this is a
result of the fact that a methodology is founded on an epistemology--a
theory of knowing. Different epistemologies produce different
methodologies, which in turn produce different general theories as
explanations of the phenomena its theorists term "economic." An
Aristotelian would say that only one epistemology can be correct.
Sam Bostaph