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Kuhn's Paradigms and Neoclassical Economics

Published online by Cambridge University Press:  05 December 2008

George Argyrous
George Argyrous
Affiliation:
University of New South Wales
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Extract

Thirty years after its publication, Thomas Kuhn's The Structure of Scientific Revolutions is still the source of much discussion in economics. Its rel-ativistic tone has often been used to fuel the claims of dissident traditions against the prevailing orthodoxy, or at least to plead the case for intellectual pluralism (Dow, 1985). Through his arguments regarding the incommensurability of different theoretical approaches to a particular subject, Kuhn's work has allowed many to argue that dissident traditions are just as legitimate as orthodoxy for analyzing a subject, since there is no objective or independent means of arbitrating between them. This has caused an opposing response by those more supportive of the prevailing theoretical approach to economics. The latter have tried to find a defense to relativist challenges in more “rational” philosophies of science, such as that of Lakatos (Blaug, 1975).

Type
Essays
Information
Economics & Philosophy , Volume 8 , Issue 2 , October 1992 , pp. 231 - 248
Copyright
Copyright © Cambridge University Press 1992

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