Methods in Economics
Many disputes have arisen among economists regarding the exclusive—or nearly exclusive—use of one of the two great methodological approaches: induction and deduction. Such exclusivism has often led to exaggerated, flawed, or …
The economy as activity as science
Economic Activity
Every being tends, by nature, toward its own preservation and fulfillment, avoiding anything that may distort or destroy it. Among beings…
Economic Science
Economic activities may be, depending on the sphere in which they occur: (a) purely individual, when carried out by an isolated individual without connection to others; (b) family-based, when they occur within a household wit…
