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Economists carry a set of theories in their heads like a carpenter carries around a toolkit. When they see an economic issue or problem, they go through the theories they know to see if they can find one that fits. Then they use the theory to derive insights about the issue or problem.
“Critical Rationalism” is the name Karl Popper (1902-1994) gave to a modest and self-critical rationalism. He contrasted this view with “uncritical or comprehensive rationalism,” the received justificationist view that only what can be proved by reason and/or experience should be accepted.
Searches related to define uncritical thinking in economics theory
Jan 13, 2014 · Economics is in a period of intellectual flux and while some economists will cling to ideas of market efficiency and rationality to their final days, many others are eager to pursue alternative approaches. In this essay, I will articulate my current thinking.
Jul 21, 2018 · Immediate acceptance of an idea that suggests itself as a solution to a problem (e.g., a possible explanation of an event or phenomenon, an action that seems likely to produce a desired result) is “uncritical thinking, the minimum of reflection” (Dewey 1910: 13).
Nov 4, 2022 · This the public-choice approach to economics. Since the public-choice approach differs in significant ways from standard orthodox western economic theory, I shall begin with a brief statement of the standard orthodox model. Then I will explain the basic differences between the two approaches.
- Arye L. Hillman
- 1998
Nov 22, 2021 · But what does “critical thinking” really mean, and how is it implemented? This article considers various interpretations of “critical thinking” and distinguishes “big-think” from “little-think” critical thinking, arguing that both are necessary.
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Critical theory is founded upon an unequivocal normative basis. Taking a cold, hard look at the sheer scale of human misery and suffering experienced during the 20th century in particular, critical theory aims to testify to the extent and ultimate causes of the calamitous state of human affairs.
