Die neue Welt der Ökonomie

Abstract

The article starts out with a sketch of the model of Individual behaviour, basic for modern economic theory, including the consideration of typical criticisms. The model then is examined in its application first to micro- and macroeconomic theorizing, then to the economic analysis of politics and of law. It concludes by pointing out some drawbacks inherent in the economic approach to the social sciences: economic imperialism, conservativism and the illusion of manageability.