Closing open systems: Two examples for the ‘double hermeneutic’ in economics

Download
2003-12-1
Özel, Hüseyin
The present paper, which takes as its starting point the criticisms by Roy Bhaskar directed to the Humean conception of causality as constant conjunctions of atomistic events, as the basic characteristic of “closed system” theorizing, emphasizes the importance of complexity, or the prevalence of “open systems,” emanating from the hermeneutic character of the social world. It is argued in the paper that because of the ubiquity of open systems in the social world, economics is not only concerned with explaining social reality, but also with changing this very reality by creating and/or transforming the institutional structure within which the theory is developed. In order to show that this ‘double hermeneutic’ is an integral part of economics, two cases from the history of economic thought are examined: creation of the market system as by a conscious attempt, and the creation of the ‘welfare state’, by considering the views of Polanyi, Keynes, and Schumpeter.

Suggestions

Defining in-betweenness as a new spatial form the case of Durana, Albania
Alimadhi, Enkela; Akkar Ercan, Zübeyde Müge; Urban Design in City and Regional Planning Department (2015)
This thesis focuses on and explores the notion of ‘In-betweenness’ as a ‘third space’ or a ‘new spatial form’ that have been observed on the area between two cities. This new spatial form has emerged and has been continuously generated on the land between the two important cities of Albania; i.e. Tirana -the capital City- and Durrës - the port City. As an outcome of particular political, social, economic, and geographical factors, as well as the morphological transformation, this research studies the ‘In-be...
Antinomies and the problem of ontology in Hegel’s Science of logic
Cengiz, Övünç; Çırakman, Elif; Department of Philosophy (2014)
This thesis discusses the problem of the possibility of a post-Kantian ontology. The thesis argues that Kant denies the validity of the knowledge claims of classical ontology, and argues that our knowledge claims must be limited with the daily objects of our sensation. After having discussed that the limitation brought by Kant mainly stems from the Antinomies, the thesis further argues that a post-Kantian ontology must face the reasons Kant has pointed out for the limitation of thought. Finally, the possibi...
The question of freedom in political philosophies of thomas hobbes and jean-jacques rousseau
Yiğit, Pervin; Turan, ŞHalil; Department of Philosophy (2007)
This thesis aims to examine the question of freedom in its relation to political authority in social contract theories of Thomas Hobbes (1588-1679) and Jean-Jacques Rousseau (1712-1778). In order to do that, discussions on human nature, evolution into political association and the foundations of legitimate governments are focused on. As the social contract theories of Hobbes and Rousseau mainly seek for rational justification of political obligation, the primary aim of this thesis is to analyze the nature o...
Mind the Gap: Reconciling Formalism and Intuitionism in Computational Design Research
Mennan, Zeynep (Delft University of Technology, 2014)
The paper discusses the epistemological and methodological implications of an increasing process of formalisation and naturalisation of knowledge within the context of the complexity paradigm. This process is argued to induce a shift in the nature of notations and representations, to which corresponds an epistemic shift from a graphic to a computational rationality, with substantial effects on current design methodologies and strategies used in computational design. The shortcomings of a heavy formalism are...
Transformation of Perception of the Gecekondu Phenomenon
Akbulut, Mehmet Rıfat; Başlık , Seher (Middle East Technical University, Faculty of Architecture, 2011)
The aim of this paper is not to redefine the gecekondu phenomenon, nor to describe its historical development, but to discuss and explore the transformations it is socially perceived with through time. Academic approaches are generally reviewed in a more pronounced manner. Within the frame of this paper gecekondu phenomenon is conceived according to different time periods well-known in gecekondu studies; i.e. from the 1940s to 1970 as the ‘period of innocence and marginalisation’, the 1970s as period...
Citation Formats
H. Özel, “Closing open systems: Two examples for the ‘double hermeneutic’ in economics,” ODTÜ Gelişme Dergisi, vol. 30, no. 2, pp. 223–248, 2003, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/35.