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Economics, civilisation, and knowledge

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Abstract:

Perhaps the greatest peril to civilisation is the fragmentation of knowledge. Science often lends itself to easy application to technology and our economic systems are the result of applying this knowledge to our resources. But our knowledge of how societies work lags significantly, and the economic system frequently multiplies our social problems. At the heart of the problem is the distinction between knowledge of universals - scientific laws for example - and knowledge of people, who are unique particulars. The paper examines some recent disputes in the social sciences and suggests how the gap might be filled and economic systems made more responsive to social problems.

Keywords: Economic Theory; Social Economics; Social Sciences

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/03068290210434189

Publication date: July 17, 2002

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