Economics as a Social Science, a Discussion about Methodology of General Equilibrium after Financial Crisis of 2008
DOI:
https://doi.org/10.37467/gka-revsocial.v6.157Keywords:
Orthodox Economics, Methodology, Economy Crisis, OntologicalAbstract
One repercussion, of financial crisis in 2008 was the debate about the explanatory capacity of orthodox economic model. In this context, the aim of this paper is to contribute to the discussion of the explanatory capacity of orthodox economic model. The focus is the emergence of economics as a science into an axiomatic model and the relevance of it to address the economic issue. The implications of this framework are the inability to respond effectively to the imbalances. The discussion is focused an ontological problem in economics, on what should be subject of analysis by the economic science.
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