ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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The Unity of Science Principle and the 'Unreasonable Effectiveness' of Neoclassical Economics

Neoclassical economics occupies a virtually unshakeable position in current, mainstream economic thinking, which is attributable to an uncritical acceptance of an orthodox version of the unity of science principle in philosophy. This paper traces the philosophical discourse, distinguishing between the orthodox version and the newer and more flexible version of neoclassical economics. Can we find an alternative approach that breaks away from the limitations of neoclassical economics?

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