Intangible Flow Theory

Bibliographic Data

ID2820258
AuthorsTiago Cardao-Pito (0000-0002-0513-9306, University of Lisbon, corresponding author), Tiago Cardao‐pito
Year2012
Volume71
Issue2
Pages328-353
Publication date2012-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.2012.00833.x
OpenAlexW1868831795
LanguageEN
Citations received6
References cited42

The intangible flow theory explains that flows of economic material elements (such as physical goods; or cash) are consummated by human related intangible flows (such as work flows; service flows; information flows; or communicational flows) that cannot be precisely appraised at an actual or approximate value, and have properties precluding them from being classified as assets or capitals. Thus, although mathematical/quantitative research methodologies are very relevant for science, they are insufficient to study economy and society.Due to its prejudice against non-mathematical/quantitative scientific reasoning, neoclassical economics could not be technologically prepared to reach the intangible flow dynamics of economic phenomena. Furthermore, the neoclassical solution to call people human capital or assets, besides being ethically very questionable, offers performative non-scientific metaphors that intervene in the production of the reality they claim to represent; and sabotages the study of well delimited research questions by scientific approaches outside the realm of neoclassical economics

Cash flow · Economics · Epistemology · Human capital · Neoclassical economics · Political science · Positive economics · Realm · Sociology · Value (mathematics) · Complex Systems and Time Series Analysis · Computer Science · Economic theories and models · Law · Philosophy

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