Abstract:
The methodological debates within economics are reviewed. Methodology as the theory
for attaining knowledge is contrasted to method. Various methods are reviewed in terms
of their suitability for the discipline. Methodology as an independent science and its
relationship to the other sciences is reviewed along with property economics. The
limitations of the dominant methodological approach to the discipline are surveyed and
related to larger movements in contemporary thought.
The tendency to rely overly on empirical method is shown to create unnecessary
shortcomings. A broader approach is recommended, incorporating current methods, but
covering their shortcomings is suggested.
