On the Identification and Discovery Logic of Realmeconomics*

Jin Bei (金碚)
Chinese Academy of Social Sciences, Beijing, China
Business School of Zhengzhou University, Zhengzhou, China

Abstract: So long as economics is regarded as a science, its mission should be to discover and explain the patterns and phenomena of the world as other scientific disciplines do. Economics is also a theoretical paradigm structure with which humankind comprehends the real world. As far as its identification and discovery functions are concerned, economics aims to identify and appraise the economic value (value of exchange) of the nonmaterial form of material existence (things) in price or various forms of price. The object of economic research can be expanded to the identification and evaluation of nonmaterial existence. Nonmaterial existence also has its material form (physical carrier) and nonmaterial form. Various applied disciplines have derived from economics to form a system of management
science. Though having exceeded certain limitations, such applied disciplines are still subject to the commitments of economic paradigms. Most problems of identification and evaluation facing economics are related to “relational existence,” which takes the forms of intra-domain relationship (and realm state), inter-realm relationship (interactions between various realms), and realms within a realm (multi-tier realm). Change in the commitment of economic paradigms, i.e. the commitment to introduce the realm paradigm into the structure of macro-paradigm aims to overcome the isolation and narrowness of traditional economic paradigms, so that economics becomes tolerant of more important factors and more capable of identifying, evaluating, and explaining the real world. By broadening the horizon of economics, the realm paradigm explores a greater “blue ocean” for the academic research of economics. Only a world perceived as consisting of realm economies with different characteristics is a realistic and sustainable one. Economics must develop a logical system of identification and evaluation commensurate with the realm paradigm to discover and explain the economic patterns and complex phenomena in the real world. A historic task of China’s economics community in academic innovation is to transform paradigms, enhance the identification and discovery functions and explanatory power of economics, and restore the scientific nature of economics.

Keywords: scientific discovery, form identification, realm paradigm, power to explain the real world
JEL Classification Codes: A11, A12, B40
DOI:1 0.19602/j .chinaeconomist.2019.11.02

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