Epistemology, Methodology and Economic Policy: Some Thoughts on Mainstream, Austrian and Islamic Economics

Volker Nienhaus (Faculty of Economics, University of Triez)

Humanomics

ISSN: 0828-8666

Publication date: 1 January 1989

Abstract

The aim of this paper is to show that there is need for revitalization of the normative branch of political economy. The first part of this paper will deal with some methodological reservations against a participation of economists in a rational discussion of normative issues. The second and third parts will outline the approaches and problems of two unconventional schools of thought in present‐day economics which make attempts to strive for a reconciliation of positive and normative economics.

Citation

Nienhaus, V. (1989), "Epistemology, Methodology and Economic Policy: Some Thoughts on Mainstream, Austrian and Islamic Economics", Humanomics, Vol. 5 No. 1, pp. 91-112. https://doi.org/10.1108/eb006092

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Publisher

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MCB UP Ltd

Copyright © 1989, MCB UP Limited

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