Link: Epistemology and Economics, Claudio Guti鲲ez, Costa Rica.
Praxeology: A Literalistic System Claudio Gutierrez
The kernel of this chapter was printed separately in Theory and Decision under the title
"The Extraordinary Claim of Praxeology".It is doubtful whether any language–except possibly the arbitrary symbols of mathematics and symbolic logic–is entirely literal, just as it seems that reality cannot be thought of in purely objective terms. . . .
Frank H. Knight
After our presentation of the paradigmatic interpretation of theory it should be clear in the mind of the reader that a scientific system is not simply a formal framework where formal models find their right place. Basic or fundamental assumptions, indispensable for the existence of a theoretical system, are in themselves of an informal character. The residual categories that represent them within the formal system are open rather than closed concepts. The shade of formalism that accrues to the assumptions comes only from the fact that they govern formal models and must figure as "token" data for the logical closure of the system. No language is entirely literal since it interacts with the truths it tries to express.
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