Thu Oct 12 12:06:50 EDT 2006
Samuel Bostaph wrote:
>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.
How would you characterize the epistemological
differences between Keynesian, an Austrian, and a neoclassical economics?
John C. Medaille