Introduction: Paradigms, Hard Cores, and Fuglemen in Modern Economic Theory
Books with titles such as that sported by the volume you hold in your hands are, let us admit, frequently disappointments. Not only in the discipline of economics, but in the wider academic world as well, there is a persistent jostle and clamor to proclaim the “revolutionary” this or the “pathbreaking” that. The exigencies of self-promotion have escalated beyond all bounds of circumspection and propriety; it seems no one is content to admit to continuity with tradition. The last three decades have even witnessed the spectacle of the natural scientists chiming in, with all the fashionable talk of “scientific revolutions”, “paradigms”, “degenerating research programs”, “incommensurability”, and so forth. The widespread academic disdain for any semblance of mere yeoman service in the cause of furthering knowledge is exemplified by Thomas Kuhn’s description of “normal science” as “puzzle-solving”: a mundane activity, similar to the solution of a crossword puzzle, or the successful negotiation of a maze by a rat. After all, who wants to grow up to be a normal scientist?
KeywordsEconomic Theory Hard Core Neoclassical Theory Clearing Price Successful Negotiation
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