A Criticism of Mainstream Economics

Mainstream economics, while opposing philosophical and methodological issues, is based on its own specific methodological principles. In fact, all the scientific endeavors undertaken in the framework of this intellectual tradition with the aim of getting access to recognition and knowledge are acceptable merely within the boundaries of its own methodology; yet the question arises whether the methodological foundations of mainstream economics would lead to reality-based analysis of economic phenomena. Would it be able to meet the goals of mainstream economists? This study tries to answer these questions through the use of textual analysis and demonstrates that methodology of mainstream economics suffers from two essential shortcomings in two levels, i.e. technical and metaphysical, including the contradiction between epistemology and methodology in a way that it may not be considered as a proper base for conducting economic researches.