Keith Hudson wrote: > > My observations on Stiglitz's book has produced a crop of fascinating > replies. > > Where Ed says: > <<<< > There is a tendency to convert intuitive or analytical observations into > truisms and ideologies and then project them into vast supersystems. > >>>> > and Arthur says: > <<<< > Gee, maybe economics is like a religion. A series of statements based on > unproven and unprovable assumptions. > >>>> > . . . comments are being made as to the nature of economics. I still > believe it's a science. It's a complex one, rather like the study of > sociology, or psychology or evolution and also, like them, it's difficult, > sometimes impossible, to carry out controlled experiments as in the > physical sciences. [snip]
I would argue that economics is a *voluntative* science, by which I mean that we can reduce human beings to objects of economic prediction if we choose to do that to them (I don't know about you, but I'd rather be a peer citizen of the polis, or the economics Dept tenured faculty, or the Board of Directors, etc.). Jurgen Habermas summed up the issue: The systematic sciences of social action, that is economics, sociology... have the goal, as do the empirical-analytic sciences, of producing nomological knowledge. A critical social science, however, will not remain satisfied with this. It is concerned... to determine when theoretical statements grasp invariant regularities of social action as such and when they express ideologically frozen relations of dependence that can in principle be transformed. To the extent that this is the case, the critique of ideology, as well, moreover, as psychoanalysis, take into account that information about lawlike connections sets off a process of reflection in the consciousness of those whom the laws are about. Thus the level of unreflected consciousness, which is one of the initial conditions of such laws, can be transformed. Of course, to this end a critically mediated knowledge of laws cannot through reflection alone render a law itself inoperative, but it can render it inapplicable. (Habermas, _Knowledge and Human Interests_, 1968/1971, p. 310) The saddest thing of all is that this fundamental notion is not taught in our graduate schools (I know there are occasional exceptions). We, as a society and a civilization, are, to borrow a phrase from Martin Heidegger, "off on a Holzweg [a logger's path in the forest that leads nowhere and on which those who are not loggers easily get lost even before they realize it...]".... \brad mccormick -- Let your light so shine before men, that they may see your good works.... (Matt 5:16) Prove all things; hold fast that which is good. (1 Thes 5:21) <![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED] ----------------------------------------------------------------- Visit my website ==> http://www.users.cloud9.net/~bradmcc/