The Philosophy of Science and Economics

The philosophy of science proposes criteria to delineate true science and a theory to explain its progress. As a graduate student under the supervision of Lionel Robbins and Karl Popper, Solo first challenged the viability of those criteria and that theory in relation to economics and the social sciences. Here he explains how the foundations of that philosophy have been eroded through the advent of quantum mechanics and through Kuhn's "Structures of Scientific Revolution", and demonstrates ...