Invisible hand in the process of making economics or on the method and scope of economics | Zendy

Turan Yay | Zendy; Hüseyin Taştan | Zendy

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Invisible hand in the process of making economics or on the method and scope of economics

Author(s) -

Turan Yay,

Hüseyin Taştan

Publication year - 2010

Publication title -

panoeconomicus

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.289

H-Index - 14

eISSN - 2217-2386

pISSN - 1452-595X

DOI - 10.2298/pan1001061y

Subject(s) - applied economics , scope (computer science) , positive economics , human development theory , proposition , ideology , economics , field (mathematics) , mainstream economics , dimension (graph theory) , heterodox economics , neoclassical economics , a priori and a posteriori , complexity economics , epistemology , mathematics , political science , computer science , law , philosophy , politics , pure mathematics , programming language

As a social science, economics cannot be reduced to simply an a priori science or an ideology. In addition economics cannot be solely an empirical or a historical science. Economics is a research field which studies only one dimension of human behavior, with the four fields of mathematics, econometrics, ethics and history intersecting one another. The purpose of this paper is to discuss the two parts of the proposition above, in connection with the controversies surrounding the method and the scope of economics: economics as an applied mathematics and economics as a predictive/empirical science

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