GÖDEL’S INCOMPLETENESS THEOREMS AND NORMATIVE SCIENCE METHODOLOGY: A SYSTEMS THEORY APPROACH
DOI:
https://doi.org/10.52195/pm.v19i1.779Abstract
I examine the foundational theoretical underpinnings of the praxeological method as applied to the normative component of political-economics. I suggest that Gödel’s incompleteness theorem implies that the theoretical component of praxeology necessarily rests on unprovable axioms, and I give examples of the inconsistent conclusions when accepting certain praxeological axioms as universally and absolutely true. I then propose systems theory as a framework for investigation of the truth value of these axioms and suggest literary methods as essential in their formulation. Finally, I look at constitutional law as an example of the practical applications of normative economic-law theory and the importance of sound first principles.
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