Economics and a methodological questioning: an evaluation of qualitative and quantitative techniques

The general laws of mainstream economics, with the presumptions of scarce resources and unlimited wants, are being questioned. Handling all human activities, especially economic activities that are the core of the all social activities are investigated with a positivist science approach is an important problem. Because ignoring value judgments and subjectivity, and being evaluated simpler as biological feature of human beings the economic activity is only being explained by individual perspective. Many methodological developments experienced in economic analysis like instrumentalism caused ignorance of the questioning of the presumptions of mainstream economics. It is well known that the success of theories is evaluated by means of their predictions in the instrumentalism. However, there is no doubt that economic concepts fall into analytical and tautological propositions whose are based on a priori imagination or convention. Therefore, the assumptions of theories are ignored and not tested, and this approach serves the hardening of mainstream hard core. In the first part of the study the main characteristics of the mainstream economics? paradigm, is explained and an evaluation of the scientific background of economics is given by considering the methodological transformations in economics. The second part is dedicated to the historical development of the econometric approaches. By this way, it is tried to explain reasons of the predominance of one method and paradigm of economics theory. Shortly, a general evaluation of the study is given in the last part of the study. Key Words: Philosophy of Economics, Empiricism, Tautology, Econometrics, Business Cycle Theory