Hermeneutics, Subjectivity, and the Lester/Machlup Debate: Toward a More Anthropological Approach to Empirical Economics

Part of the Recent Economic Thought Series book series (RETH, volume 21)


What is the status of modern economics from a hermeneutical standpoint?1 Since hermeneutics is essentially a philosophy of understanding, a philosophy that shows us what understanding is, how it happens, and what it depends on, this question can be rephrased: How well do economists understand understanding? What difference would it make to our scholarly practices if economics were to become more hermeneutically sophisticated in this respect?


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© Springer Science+Business Media New York 1990

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