Wednesday, October 2, 2013

Logical Positivism Applied to Economics

In these past few weeks I have come upon an idea that has tied my studies in Philosophy, History and Economics together. I have come to realize it is wrong, but at least is an interesting idea and is still worth sharing in a short format. 
The American Philosopher, Thomas Kuhn in his 1962 book, The Structure of Scientific Revolutions talked about how science does not proceed linearly, but rather in large steps. For example, when Eisenstein came along all of science took a large leap forward and in a sense left behind anything that had to do with the old system. Being a Logical Positivist of the Vienna Circle he believed knowledge to be progressing on a certain path. 
Now let us back up to the Middle Ages. Dr. Sautet of Catholic University of America in his lectures often emphasizes the concept that for the greater part of economic history accumulation of wealth was simple: plunder, rape, and pillage. We still see this panning out, even with the Church and her moral norms. The Feudal system, Colonialism, Absolutism were all just different forms of the same basic and simple economics. 
It was not till the Industrial Revolution that there was paradigm shift. Those that followed it experienced a large increase in wealth (England, US), those who didn't see the shift did not (Russia). These shifts can be followed into the computers and then global markets. 
First, this idea is wrong because it borders closely to Marxism. I do not want to go there. Second, it fails to recognize the deeper trends and realities in Economics for most of human history. 


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About me

About me
I am a hard-working individual seeking to pursue and build a career in business, harnessing my philosophic sensibility as well as my business minded attention to detail to achieve success and excellence. Having recently received my Bachelor’s of Arts in Philosophy from a liberal arts university in Southwest, FL, I am currently working on my Master’s of Science in Business Analysis and the Catholic University of America.