02-11-2009

Philosophy of Science

Essay 1

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Introduction

Over the past decades many philosophers and other scientists have created several theories about the economy. Many of them tried to convince others with their subjective view on this area of interest. Among them there were several great scientists who created a widely discussion among their fellow scientists because they really added something to the endless discussion: “what is this thing called science”

Karl Popper was one of them; he was known for ruthlessly attacking the logical positivism supporters. He even took responsibility for the collapse of the Vienna Circle. In short he stated that observations only became valuable if there were previously marked observations. Those previously discovered observations were created and viewed through people’s eyes and therefore science was “peoples work” and people are fallible creatures thus subjective.[1]

Over the years many of them supported Popper while many others heavily discussed his opinion.

In this essay we will discuss another view of Popper and we try to reflect it on today’s International Business. We will discuss an example and in the end we will try to see if we support Poppers view or not.

Popper’s Falsificationism

Claim associated especially with Austrian philosopher Karl Raimund Popper (1902-1994) that science should aim not to verify or confirm hypotheses - as verificationists and inductivists in general claim - but to falsify them. Even more important is the possibility to falsify certain