ABSTRACT

Economic discourse has become increasingly open to discussions of epistemology in recent years. This is not to say, however, that there is not widespread skepticism toward those in the profession who seem to use the e-word a bit too frequently. “After all,” one may think, “I'm not interested in issues of epistemology; I just want to do economics.” Those economists who are interested in epistemology have a strong incentive, therefore, to show how it is an indispensable aspect of the process of “doing economics” and how epistemology exerts a profound influence upon the substance of economic analysis. It is toward such ends that this essay has been written 1 .