Economics, Culture and Social Theory
Show Less

Economics, Culture and Social Theory

William A. Jackson

Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Relativism and Realism

William A. Jackson


Cultural thought, with its comparative and historical temper, has the reputation of being relativist. If academic work must always be casespecific and fitted to local circumstances, then absolute knowledge seems to recede. Limits or qualifications in theorising are often perceived as faults, and relativism has pejorative connotations among scientists. The apparent relativism of cultural thought has made it seem imprecise, loose and subjective by contrast with the exact, rigorous and objective natural sciences. Repeated allusion to problems caused by relativities can easily be interpreted as denying the possibility of science. To label cultural thought as relativist is an oversimplification, given the many and varied guises that relativism can take. Cultural ideas are not relativistic in every sense of the word, and one should be careful about the relativities in question. The mere act of comparing or qualifying does not yield a nihilism that threatens scientific study. Relativism may be essential for successful research, especially in social sciences; attempts to find absolute theories may be inappropriate and hinder scientific progress. Long discussed in philosophy, relativism and realism have frequently been ignored or obscured by natural and social scientists. Orthodox economists have dealt in absolutes and said little about the specificity of their theories and models. The present chapter considers how cultural thought can sponsor relativistic but not anti-realist economic theory. While some writers within the cultural tradition have been anti-realist, this is not inevitable and derives largely from postmodernism. Many cultural writers were clear that human societies formed a real but...

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

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.