The Limits of the Scientific Method in Economics and Business: A Critical View

Radović-Marković, Mirjana (2015) The Limits of the Scientific Method in Economics and Business: A Critical View. Economic analysis, 48 (3-4). pp. 1-8. ISSN 1821-2573

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Abstract

The purpose of this paper is to discuss the limits of scientific method in economic research.In the paper is pointed out that despite the scientific method, which encounters a great applicability in economics and business, when forecasting future economic developments in question, its capabilities is very limited. Therefore, the modern scientific method should synthesize rationalism and empiricism In this context, the paper concludes with the assumption that knowledge of mathematical logic, including all its abilities, is in itself highly valuable and is an important supplement to the already existing scientific methodology that cannot be ruled out in economic research.

Item Type: Article
Additional Information: COBISS.ID=220023052
Uncontrolled Keywords: economic theory, scientific method, economic research
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Jelena Banovic
Date Deposited: 15 Apr 2016 07:19
Last Modified: 15 Apr 2016 07:19
URI: http://ebooks.ien.bg.ac.rs/id/eprint/423

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