This book offers a vision of economics in which there is no place for universal laws of nature
and even for laws of a more probabilistic character. The author avoids interpreting the
practice of economics as something that leads to the formulation of universal laws or laws of
nature. Instead chapters in the book follow the method of contemporary philosophy of science:
rather than formulating suggestions for practicing scientists of how they should do research
the text describes and interprets the very practice of scientific research. This approach
demonstrates how economists can explain economic phenomena not by subsuming them under general
laws but rather by building models of these phenomena by referring to causes or even by
investigating what is in the nature of given factors events or circumstances to produce.
