AUTHENTICITY OF ECONOMIC PHENOMENA IN THE CONTEXT OF INCREASING INFLUENCE OF PSYCHOLOGISTIC APPROACH

Dragan Petrovic, Dragoslav Kitanović

DOI Number
-
First page
171
Last page
182

Abstract


The subject of this paper is the relationship between the social and the psychological, with emphasis on the scientific basis of strengthening the influence of psychology on the understanding of the economic sphere of social life. In this regard, the paper gives a critical review of different concepts  of economics as the science of behavior, i.e. its rootedness in the science of behavior. Justification of efforts to make economics retain its traditional distance from psychology is supported by the idea of the necessary recognition of interactive relationships and unintended consequences of behavior of economic actors. At the same time, the scientific relevance of the notion that the study of economic phenomena should be approached from the aspect of their social autonomy, uniqueness, and specificity is substantiated by a set of epistemological and logical inconsistencies of views of one-way causality from the psychological to the social, thereby focusing the methodological starting point of modern economic theory in the direction of denying attempts to identify the individualistic with the psychologistic method.

Key words: psychologism, the science of behavior, methodological individualism, institutional individualism. 


Full Text:

PDF

References


Agassi, J. (1960), Methodological individualism, British Journal of Sociology, Volume 11(3): 244-70.

Boland, L. (1982), The Foundations of Economic Method, London, Allen & Unwin.

Campbell, D.T. (1974), Downward causation in hierarchically organized biological systems, in Ayala F.J., & Dobzhansky, T. (eds.), Studies in the philosophy of biology: Reduction and related problems, pp. 179-186.

Coleman, J. (1990), Foundations of Social Theory. Cambridge. MA: Harvard University Press.

Davis, J. (2003), The Theory of the Individual in Economics: Identity and Value, London and New York: Routledge.

Dossi G., & Nelson, R. (1994), An Introduction to Evolutionary Theory in Economics, Journal of Evolutionary Economics, Volume 4(3): 153-172.

Field, A. J. (1979), On the Explanation of Rules Using Rational Choice Models, Journal of Economic Issues, Volume 13(1): 49-72.

Glaeser, E. L. (2004), Psychology and the Market, American Economic Review, Volume 94(2): 408-413.

Golubović, N. (2011), Društvena ekonomika – ekonomska aktivnost u društvenom okruženju, Ekonomski fakultet, Niš.

Hayek, von F.A. (1952), The Counter-Revolution of Science, Studies on the Abuse of Reason, Glencoe, Illinois: The Free Press.

Hodgson, G. (1988), Economics and institutions: A Manifesto for a Modern Institutional Economics, Cambridge: Camridge University Press.

Hodgson, G. (2007), Meanings of Methodological Individualism, Journal of Economic Methodology, Volume 14(2): 211-226.

Hodgson, G., Sammuels, W. J., & Tool, R. M. (eds.) (1994), The Elgar Companion to Institutional and Evolutionary Economics, L-Z, Aldershot: Edward Elgar.

Hudík, M. (2011), Why economics is not a science of behaviour, Journal of Economic Methodology, Volume 18(2): 147-162.

Jarvie, I. C. (1972), Concept and Society. London: Routledge & Kegan Paul

Kauffman, S. (2008), Reinventing the Sacred: A New View of Science, Reason, and Religion. Basic Books.

Kirzner, I.M. (1982), ‘‘Spontaneous Order’ – A Complex Idea“, Literature of Liberty, V, 7–8.

Kitanović, D., & Petrović, D. (2008), Methodological Holism and the Contemporary mainstream in economy, Economic Themes, Volume 4: 1-13.

Lawson, T. (1997), Economics and Reality, London: Routledge.

Lawson, T.(2003), Reorienting Economics, London: Routledge.

Manić, S. (2009), Kontroverze o ekonomskoj metodologiji, ADMIRAL BOOKS, Beograd.

Mill, J. S ([1843] 1974), A System of Logic Ratiocinative and Inductive. Collected Works, Volume VII-VIII, Toronto: University of Toronto Press, London: Routledge and Kegan Paul.

Mises von, L., & Hayek von, F. A. (1997), O slobodnom tržištu, klasični eseji, Mate, Zagreb.

Neumann von, J., & Morgenstern, O. (1953), Theory of Games and Economic Behavior (3rd ed.), Princeton: Princeton University Press.

Petrović, D., & Stefanović, Z. (2013), Economic Science in the Light of the Economical Theoretical Imperialism Development, in Marinković, S., & S. Rochhia (eds.), Rethinking Europe after the Economic Crisis, Lessons for the European Core and Periphery, Faculty of Economics, University of Niš, pp. 247-265.

Polanyi, K. (1957), The Economy as Instituted Process, in Polanyi, K. et.al. (eds.), Trade and Market in the Early Empires, New York: Free Prees, pp. 243-270.

Popper, R. K. ([1945] 1960), The Open Society and Its Enemies, Volume 1: The Spel of Plato, Vols. 2., Hegel and Marx. London: Routledge & Kegan Paul.

Popper, R. K. ([1957]1961), The Poverty of Historicism. London: Routledge & Kegan Paul.

Popper, R. K. & Eccles, J. C. (1983), The Self and Its Brain, London: Routledge & Kegan Paul.

Robbins, L. (1962), The Nature and Significance of Economic Science, London: MacMillan.

Stefanović, Z. (2012), Politička ekonomija globalizacije: modeli kapitalizma i institucionalna evolucija, Ekonomski fakultet, Niš.

Udehn, L. (2002), The Changing Face of Methodological Individualism, Annual Review Sociology, Volume 28: 479-507.

Watkins, J. (1953), Ideal Types and Historical Explanation, in Feigl, H., & Brodbeck, M. (eds.), Readings in the Philosophy of Science. New York: Appleton- Century-Crofts, pp. 723-743.

Watkins, J. (1955) Methodological individualism: A reply, Philosophy of Science, Volume 22 (1): 58–62.

Watkins, J. (1952), Ideal Types and Historical Explanation, British Journal for the Philosophy of Science, Volume 3: 22–43.

Wilber, C.K., & Harrison, R. S. (1978), The Methodological Basis of Institutional Economics: Pattern Model, Storytelling, and Holism, Journal of Economic Issues, Volume 12(1): 61-89.

Zwirn, G. (2007), Methodological Individualism or Methodological Atomism: The Case of Friedrich Hayek, History of Political Economy, Volume 39 (1): 48-80.


Refbacks

  • There are currently no refbacks.


© University of Niš, Serbia
Creative Commons License CC BY-NC-ND
ISSN 0354-4699 (Print)
ISSN 2406-050X (Online)