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Multidisciplinary Economics: A Methodological Account

Piet Keizer

Abstract

Human motivation offers energy, and circumstances possibilities. Only in combination does human action take place. Over time, desires and opportunities to satisfy them closely interact. Orthodox economics analyses only the economic motivation in interaction with economic resources. By assuming perfect rationality and non-sociality it creates a so-called economic world, and analyses the economic mechanism of allocation of scarce resources. Neoclassical economists use this world as a theoretical foundation for their empirical research. Heterodox economics rejects this strategy of isolating one m ... More

Keywords: imperfect rationality, imperfect sociality, interaction between the three primary aspect-systems, orthodox economics, psychological aspect, sociological aspect

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780199686490
Published to Oxford Scholarship Online: June 2015 DOI:10.1093/acprof:oso/9780199686490.001.0001

Authors

Affiliations are at time of print publication.

Piet Keizer, author
Associate Professor, Economic Methodology, Utrecht University School of Economics