Philosophy of Science & Business Administration

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Philosophy of Science & Business Administration

By | December 2011
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Philosophy of Science

Topic Question: ‘In what sense do you think International Business Studies (IBS) is scientific or not scientific? Illustrate your point of view with a case from International Business Studies.’

Introduction

In this essay we will first elaborate on the early economists and their view on science. Then we will, with the use of possible philosophies of science, discuss to what extend IBS is scientific or not. Eventually we will summarize what we have discussed in the conclusion. But what is science? Many definitions are present and used in our society, we will start using a definition that we believe is quite complete: according to Merriam Webster's Dictionary, the definition of science is "knowledge or a system of knowledge covering general truths or the operation of general laws especially as obtained and tested through scientific method. Such knowledge or such a system of knowledge concerned with the physical world and its phenomena."

Main body

The rise of the early economists
In his book “The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers“ Robert Luis Heilbroner describes the great economic thinkers that our world has known. In the first chapter of his book, he describes how society has evolved over time and has caused for an economic system to develop that called for scientific analyses. In the next paragraphs a short outline will be given of his description of the developing need for economists.

Since the beginning of civilization, humans have depended upon each other for their survival. If a certain task in society was not being fulfilled, it would hurt everyone individually as well as society as a whole. From this perspective, it has always been in every individual’s best interest to have all tasks in society fulfilled. In early times this ground rule led to a very basic economic system that was either based on tradition or command. In the Middle Ages it was very common to have...
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