We hope to inspire serious graduate students of economics a) to seek and achieve an understanding of “Macroeconomic Field Theory,” b) to verifyempirically Lonergan’s field relations, and c) to use the explanatory field relations as the basis of influential scholarly papers.
We trace developments
in physics from Newtonian mechanics to modern field theory, and
in economics from Walrasian supply-demand economics to purely relational, Modern Macroeconomic Field Theory.
Key ideas include a) abstraction and implicit definition as the basis and ground of invariance in both physics and macroeconomics, b) the concept of a purely relational field, c) immanent intelligibility and formal causality, and d) the canons of parsimony and of complete explanation. We highlight some key ideas: (continue reading)
[2/8/20] Albert Einstein, Bernard Lonergan: In a paper recently presented before the Boston Colloquium of the History and Philosophy of Science, Prof. Max Jammer of Bar-Ilan University surveyed the history of the attempts to provide axiomatic (or conceptual) foundations for the Special Theory of Relativity (hereafter abbreviated as “STR”). Among other things, Prof. Jammer’s paper revealed that, in contrast to quantum mechanics, no generally accepted axiomatic foundations for STR have yet emerged. Furthermore, Jammer’s paper showed that several attempts at axiomatic foundations were beleaguered with problems not to be found in the use of the theory by Einstein or the successive generations of practicing physicists. ¶ The shortcomings of these efforts to develop axiomatic foundations for STR – and indeed of any parallel efforts directed towards the search for axiomatic foundations for the General Theory of Relativity as well – are, in my judgement, inherent in the theories themselves. That is, the proper foundations of the theories of relativity reside, not in conceptual axioms, but in the foundational reality of the subject as subject. It is not my purpose in this paper to enter into a detailed critique of the various attempts at axiomatization discussed in Prof. Jammer’s paper. Rather on this occasion celebrating the achievements of Bernard Lonergan, I simply intend to show how his phenomenological appropriation of the structure of consciousness has opened up the possibility of approaching the question of the foundations of the theories of relativity from the viewpoint of the subject as subject. Byrne, Patrick H. “Lonergan on the Foundations of the Theories of Relativity,” Creativity and Method, Matthew Lamb (ed.), Milwaukee: University of Marquette Press, 1981, pp. 477-478 in pages 477-94. [#74] (Click here for previous “Single Paragraphs” or “Brief Items”)