Economic Themes (2012) 50 (2) 1, 139-150

POSTMODERNISM AND ECONOMIC THEORY


Dragoslav Kitanović, Milena Antić

Abstract: As any other theory that necessarily follows society development, postmodernist theory has developed in accordance with emerging circumstances. The conditions of contemporary global economic reality and the crisis of the contemporary economic science justify postmodernist challenges in economic theory and methodology. The challenges which postmodernists face represent a search for a compromise between the narrative knowledge and the knowledge of mathematical exactness in economics. Postmodernism is entangled with numerous discrepancies that depict observed discrepant reality. However, discrepancies for postmodernists are the result of various experiences and interpretation of reality.

Keywords:  postmodernism; economic methodology; relativism; pluralism; skepticism

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