Economic Ontology

Economic ontology is the study of the fundamental categories and entities that make up economic theories and systems. It examines what things like "money," "markets," "goods," and "agents" mean, and how they interact within an economy. By exploring these concepts, economic ontology helps clarify the assumptions behind economic models and theories, revealing how they define relationships and behaviors. This understanding is crucial for assessing economic policies and practices, as it shapes how we interpret economic phenomena and the underlying principles guiding economic thought.