Apr 23, 2007 08:39
17 yrs ago
2 viewers *
English term

technical nature of economic theory

English Bus/Financial Economics general
Continued from the previous question.
Indeed in the Leontief's interview we find even a series of complaints about increasingly technical nature of economic theory. Nevertheless the technical details of economic analysis are not totally absent from the conversations.
My idea is that a theory can't be technical so they are speaking about excessive accent on methods in the prejudice of the pure theory. But I may be wrong...

Responses

+6
6 mins
Selected

See below...

It may be referring to one or both of two things:
- a new technical jargon has been developed to explain the theories
- a new plethora of technical tools are being used to produce the theories

Perhaps?
Peer comment(s):

agree BrigitteHilgner : I go along with your second suggestion.
14 mins
Thank you, Brigitte!
agree Robert Fox
1 hr
Thanks, Robert!
agree juvera : The use of technical methods of economic analysis is becoming obvious from the conversation. They may be simply borrowing them for producing the theories, and I can't see how they can avoid doing so. Theories are also driven by facts to a certain extent.
1 hr
Thank you!
agree Alexander Demyanov : The methods
3 hrs
Thanks again, Alexander!
agree Seema Ugrankar
15 hrs
Thanks, Seema!
agree Alfa Trans (X)
5 days
Thanks, Marju. And greetings from the conference in Budapest!
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4 KudoZ points awarded for this answer.
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