Summary

Summing up, it can be concluded that the claim that science has a privileged epistemological status in virtue of its empirical basis cannot be sustained. Rather, scientific and other inquiry uses much the same approach—a conclusion that applies in particular to normative reasoning. Against this background, the next chapter will turn to the examination of two interrelated issues—the distinction that has been made between positive and normative theorising, and the status of economics—before going on to consider the suggestion that economists should study moral philosophy.