Original version
Social Philosophy of Science for the Social Sciences. 2019, 269-281
Abstract
I argue that most economists pay little attention to epistemological considerations and developments in the philosophy of science when doing their research. Consequently, a number of philosophers of science have been critical to the status of knowledge in economics. Still, there are quite clear thoughts on how knowledge is generated within economics. In this chapter, I explain and discuss how economists think about gaining new insights about the world. I discuss the interpretation of formal economic models as well as the status of empirical research in economics. Finally, I discuss how economics and the other social sciences think about each other regarding the scientific status of the respective fields.