Pragmatism and Economics: A Flexible Approach to Contemporary Challenges
DOI:
https://doi.org/10.18012/arf.v12i2.76753Palavras-chave:
Pragmatism, economics, economic policy, economic methodology, decision-makingResumo
Pragmatism in economics offers a flexible approach focused on addressing complex economic issues through practical, context-specific solutions. Unlike traditional economic theories reliant on rigid assumptions, pragmatism emphasizes evaluating policies and decisions based on their real-world outcomes rather than strict adherence to theoretical principles. Historically, pragmatism has influenced economic policy formation, particularly during crises or instability, when innovative and practical solutions are prioritized. Theoretically, pragmatism promotes a synthesis of quantitative and qualitative methods, encouraging economists to adopt flexible approaches using data and real-world contexts for decision-making. In practice, this approach has been applied to designing fiscal, monetary, and trade policies, enabling nations to navigate rapid changes in the global economy. Particularly in the modern context, with challenges such as climate change, economic inequality, and technological disruption, pragmatism provides an effective framework for balancing short-term and long-term interests. By prioritizing practicality and adaptability, pragmatism in economics not only addresses pressing issues but also fosters sustainable development in a constantly evolving world.
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