Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics

Focusing on the limitations of recent economic theories, the author critiques the authoritarian nature of behaviorist positivism and neoinstitutionalism, emphasizing the importance of human agency. Institutions are seen as temporary constructs shaped by culture, ethics, and personal experiences rather than ultimate causes. McCloskey advocates for "humanomics," an approach that integrates rigorous economic analysis with insights from history, philosophy, and literature. Her work challenges traditional views and underscores the resilience of market-tested innovation, all delivered with her characteristic wit and clarity.