ABSTRACT
This chapter is on the social construction of knowledge, especially the type of knowledge known as science. The specific focus is on economics. The process of such a construction is viewed as an iterative one, involving the creation of thought grooves in the name of the science. Academic research and teaching are fused in this iterative process, leading to a cumulative and adaptive exercise of mind. It is my argument that such an adaptive process is more informative about the nature of the process of construction of knowledge than are discourses on induction, deduction and falsification. Rhetoric, imagination and the art of storytelling are as important to the construction of scientific knowledge, as are formally constituted discourses on “scientific method”.
