ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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The Epistemology of the Discipline of Economics

The ontological vocation of any social science is to interpret and transform the world we live in, creating a better society. The discipline of economics is no exception. It is argued that mainstream economics reduces social life into exchange value calculus and mathematical formalism, and fails to confront vital issues like widening inequality and poverty. The recent challenges thrown up by Thomas Piketty may help the discipline to re-examine its epistemological foundations to facilitate relevant teaching and research as well as policy choices.



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Updated On : 11th Mar, 2019

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