Show Less
Restricted access

Studies in the Methodology of Science

Igor Hanzel

The book discusses methodological issues relating to the philosophy of science and the natural and social sciences. It reconstructs the methods of measurement and scientific explanation, the relation of data, phenomena and mechanisms, the problem of theory-ladenness of explanation and the problem of historic explanation. From the sciences chosen for methodological analysis are those of early classical mechanics, early thermodynamics, Bohr’s theory of atom, early quantum mechanics, research into great apes and political economy.
Show Summary Details
Restricted access

Chapter 10: Adam Smith’s Method of Theory Construction in Book I of Wealth of Nations

Extract

143

The aim of this chapter is to reconstruct and analyze the structure of some of the key parts of Book I of Adam Smith’s Wealth of Nations (henceforth, WoN).144 In contrast with the more common approaches to the analysis of WoN,145 we shall focus on the methods employed by Smith in the introduction and derivation of economic concepts, as well as on the categories explicitly or implicitly involved.

By the structure of Book I of WoN, we mean the set of relations among the key concepts and propositions of Smith’s theory. Therefore, the methods we shall focus on in this chapter are of a “conceptual” nature. As opposed to the application of empirical methods, the application of conceptual methods does not result in any new data on particular states of affairs in the world. Instead, conceptual methods yield new concepts or relations among preexisting concepts (e.g., via introduction by definition), or new propositions or relations among propositions (e.g., via the various types of inference). Hence, the application of conceptual methods is a conditio sine qua non of theory construction in any scientific field – the social sciences notwithstanding. More precisely, the application of conceptual methods is what the very process of theory construction primarily consists in. And even though the application of conceptual methods does not, by itself, lead to new data, the knowledge obtained by these methods can be used to predict and/or search for new data and to drive their collection.

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.