Introduction to the Science of Economics
Q2E discusses the various philosophical traditions that contribute to the understanding of business everyday reality today: positivist and rationalist traditions, known as part of the objectivist paradigm. We purposely pay attention to philosophical arguments that are counter to the current traditional economic paradigm prevalent in American and European business programs, schools, textbooks, and administrations. However, these positivist and rationalist traditions are not underlying Asian and transitional economies. Nor are the predominant economic paradigms today used in practice in most businesses.