ECONOMIC THEORY IN THE SEARCH FOR PHILOSOPHICAL FOUNDATIONS

Year 2017, Volume: 9 Issue: 1, 206 - 218, 01.02.2017

Leonid Tutov

Abstract

Neoclassical economics (NCE - thereafter) has difficulty in solving complex
theoretical and practical problems. In such a situation, the role of its
philosophical foundations increases. NCE is based on the methodological
postulates of positivism. However, the status and perspectives of the positivist
methodology to maintain a dominant position in the world of science are the
subject of intense debate, as with this approach, sciences lose their worldview
function and ontological foundations. The purpose of the report is to justify the
continuing relevance of the methodology of positivism for the development of
economic theory

Keywords

Neoclassical economics, Positivist methodology, Scientific Research Programmes