Two conceptions of economics

Crespo, Ricardo Fernando · Centro de Estudios Macroeconómicos de Argentina · 2011

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Author / responsible party

Crespo, Ricardo Fernando

Publisher

Centro de Estudios Macroeconómicos de Argentina

Year

2011

ISSN

1514-0326

ISSN

1514-0326

Language

English

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As Ronald Coase points out, there are two kinds of conceptions of economics: first, the conception that emphasizes the study of specific kinds of human activities; and, second, the conception that makes economics the study of a specific approach to all human choices. The paper first shortly reviews the two conceptions. Then, it links them to specific conceptions about rationality. An analysis of the terms involved in the discussion shows which conception of economics corresponds most to its ordinary language meaning. The paper then analyzes and develops Coase's argument for the first and against the second conception, explores the limits of an integration of the two views and assigns them specific roles. Fil: Crespo, Ricardo Fernando. Universidad Austral. Instituto de Altos Estudios; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina

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APA 7

Crespo, R. F. (2011). Two conceptions of economics. http://hdl.handle.net/11336/193834

MLA

Crespo, Ricardo Fernando. "Two conceptions of economics." 2011. http://hdl.handle.net/11336/193834.

Chicago

Crespo, Ricardo Fernando. 2011. "Two conceptions of economics.". http://hdl.handle.net/11336/193834.

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Crespo, R. F. 2011, Two conceptions of economics, Centro de Estudios Macroeconómicos de Argentina, available at: http://hdl.handle.net/11336/193834 [Accessed 5 Aug. 2026].

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Title: Two conceptions of economics

Author / contributors: Crespo, Ricardo Fernando

Publisher: Centro de Estudios Macroeconómicos de Argentina

Publication year: 2011

ISSN: 1514-0326

ISSN: 1514-0326

Language: English

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DEFINITION OF ECONOMICS; RELATION WITH OTHER SOCIAL SCIENCES; https://purl.org/becyt/ford/5.2; https://purl.org/becyt/ford/5