Methodology And Diversity Essay

2528 words - 10 pages

Methodology and Diversity Assignment 12) According to Eichner why is economics not yet a science?To introduce the theory of e2conomics of why economics is not yet a science, according to A.S Eichner the pretentions simply do not follow a science. It could never be really a science unless economics challenge the way they do it. This is substantially needed by engaging in empirical testing.This means why can it be said according to Eichner that economics is not yet a science, a major reason is that economist have failed to use the Epistemological rules. These are needed so that there is a foundation set to stop economist from making errors."In particular, they refuse to take seriously the stricture that any ideas or theories they put forward must be emphirically confirmed." (Eichner A. S, 1983, page 206).This means that if the theories are not emphirically confirmed, the theory will lead to failure.The reason for the failure of the theories is because economics as a discipline includes body of theory; however it lacks foundation in reality. This therefore means that if a theory s based upon this then there will not be positive results. This will lead to factors such as negative outcomes. For example, basing public policy on this type of method will lead to failure. Therefore the epistemological rules have to be reviewed for the discipline.The epitemology is a branch of knowledge of how knowledge is gained."What uniquely characterises a scientific approach is a certain epistemology, or way of validating ideas." (Eichner A. S, 1983, page 207).Therefore a set of rules have been evolved for stating what is false hence the epistemology of science, and this consists of a series of tests which will be explained further down.A key part of the test is the test of coherence, "This test consists off determining whether conclusions added…and whether the arguments are internally consistent." (Eichner A. S, 1983, page 208).This therefore is the theory that you dealing with logically and consistently. This also means does the theory include conclusions that follow from the assumptions of internal consistency. This therefore meaning a flow of contradictions and therefore there should be no contradictions at all.As long as the mathematical model is coherent and there are no contradictions economics and theory relating to this will be regarded as a good science."At one time, following Descartes, it was believed that this test was enough to establish validity of any proposition". (Eichner A. S, 1983, page 210).In real terms economist are still in favour that this test is sufficient in stating economics is a science, this is a major reason they believe and enforce the use of mathematic hence logical analysis. However other scientists and philosophers argue that this test is not enough to validate economics as a science such as Hume.According to Hume, "Coherence emphirical test was only necessary if sufficient."Therefore a number of further tests such as...

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