The Method of Ontological Unification in Economics: Some Neglected Aspects
Studia Ekonomiczne - Economic Studies No. 1 (LXXVI) 2013
17 Pages Posted: 7 Apr 2013 Last revised: 11 Apr 2013
Date Written: April 4, 2013
The paper focuses on the method on ontological unification in economics. It briefly reviews the literature dealing with various understandings of unificationist projects in economics. Next it put emphasis on some interesting issues concerning the method of unification that are out of the ordinary treatment in the literature. Therefore, the paper deals with the issue of the structure of ontologically unified theories as well as the process of their formation. It analyses also the problem of the nature of ontologically unified theories, i.e., their relation to their predecessors. Also, it raises the ethical issues concerning the method of ontological unification, including its relation to the concept of truth (in its correspondence version). The paper finishes by asking the question whether more unified theories offer better explanations and also whether they are closer to truth.
Keywords: philosophy of economics, theoretical and ontological unification, realism in economics, explanations
JEL Classification: B40
Suggested Citation: Suggested Citation