ECONOMIC THEORY IN THE SEARCH FOR PHILOSOPHICAL FOUNDATIONS

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