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Economics as an Imperialist Social Science

  • Peter J. Buckley
  • Mark Casson

Abstract

Economic theorists are by nature system-builders. Successful system-building in the social sciences requires fearless simplification. Any theoretical system that corresponds too closely to complex social reality will be too complicated to be of any use. But simplification invites criticism, for there is always something of potential importance that gets left out of a theoretical system. The system-builders need their critics, both to remind them of their system’s limitations, and to suggest ideas for improvement. For system-builders are proud of their constructions, and tend to place too much confidence in them.

Keywords

Utility Function Transaction Cost Preference Interdependence Specific Assumption Theoretical System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1998

Authors and Affiliations

  • Peter J. Buckley
  • Mark Casson

There are no affiliations available

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