Economics Without Laws

Towards a New Philosophy of Economics

  • Łukasz Hardt

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Łukasz Hardt
    Pages 1-10
  3. Łukasz Hardt
    Pages 63-98
  4. Łukasz Hardt
    Pages 99-132
  5. Łukasz Hardt
    Pages 195-198
  6. Back Matter
    Pages 199-220

About this book


This book offers a vision of economics in which there is no place for universal laws of nature, and even for laws of a more probabilistic character. The author avoids interpreting the practice of economics as something that leads to the formulation of universal laws or laws of nature. Instead, chapters in the book follow the method of contemporary philosophy of science:  rather than formulating suggestions for practicing scientists of how they should do research, the text describes and interprets the very practice of scientific research. This approach demonstrates how economists can explain economic phenomena not by subsuming them under general laws, but rather by building models of these phenomena,  by referring to causes, or even by investigating what is in the nature of given factors, events, or circumstances to produce.


Economic laws Economic models Mathematical explanations Philosophy of economics History of economic thought

Authors and affiliations

  • Łukasz Hardt
    • 1
  1. 1.Faculty of Economic SciencesUniversity of WarsawWarsawPoland

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-54860-9
  • Online ISBN 978-3-319-54861-6
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking