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(WP 2012-01) Samuels on Methodological Pluralism in Economics

Abstract

Warren Samuels was an influential proponent of methodological pluralism in economics. This short paper discusses his understanding of methodological pluralism, and argues that it is based on three distinct components: (1) his critique of the idea that theories have epistemic foundations and his \u27matrix approach to meaningfulness,\u27 (2) his belief that the absence of meta-principles for science combined with our human psychology create an existential dilemma for theorists and policy-makers, and (3) his understanding of relativism, social constructivism, and \u27limited but affirmative\u27 defense of nihilism against the charge of skepticism. The paper closes with a brief discussion of what Samuels\u27 methodological pluralism might tell us about historiography and the history of economics

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