Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/318578 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Contextual Economics – Schmollers Jahrbuch [ISSN:] 2568-762X [Volume:] 142 [Issue:] 2 [Year:] 2022 [Pages:] 141-158
Publisher: 
Duncker & Humblot, Berlin
Abstract: 
This article is about the relationship between visions and theory. In the modern vision, the world is a collection of things. In the process vision, the world is a system of relationships. Each of these visions structures inquiry in a distinct way. If the world is a collection of things, time and place are irrelevant and knowledge is objective. If it is a system of relationships, context determines meaning and knowledge. In the modern vision, regularity is a matter of equivalence, while in the process vision, regularity is a matter of order. Visions shape scientific inquiry, but they are not themselves scientific, for they cannot be grounded in facts about the world. Instead, they are aesthetic judgments with claims of subjective universality. Moreover, shared aesthetic commitments align thinkers in diverse fields. The present article illustrates how F. A. Hayek's The Sensory Order and Alfred Schütz's Phenomenology of the Social World flow from the process vision and can help scholars understand it.
Subjects: 
F. A. Hayek
Alfred Schütz
Philosophy of Science
Economic Methodology
History of Economic Thought
JEL: 
B25
B41
B53
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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