ABSTRACT

This conclusion presents some closing thoughts of the key concepts discussed in the preceding chapters of this book. The book summarizes the main themes more generally and shows that explanatory autonomy is an important feature of the special sciences because it aids the understanding of complex phenomena, but that it cannot be used to argue for a complete independence of a special science. It analyses whether it is possible to argue against a deidealisation of economic theory by restricting the scope of the theory. When one accepts the normative correctness of the standard theory one can argue that behavioural economic theory is still necessary to explain the behaviour of people who did not have enough time to learn. The book described that the strategies behavioural economists employ to isolate critical assumptions of economic theory as the sources of anomalies. Behavioural economists are rightly concerned about the realism of assumptions of economics but that their solution to this problem is incomplete.