The Dehumanisation of Economic Science: In Search of the Appropriate Methodology

Economics, as one of the cultural and historical sciences, is responsible for the investigation of the meaningful relation between the whole and the parts, based on organic linking and not on the mechanical‐causal relationship. The relevant contributions of the leading holistic school of thought – universalism – is thus described, focusing on the fundamental concepts and methods of understanding and on their possible application in economics. The article aims to aid present methodologists of economics and other social sciences, disenchanted with the individualistic and disjointed approaches of their respective disciplines, in building up a body of integrated theory and in suggesting new areas of research.