Abstract：The philosophical foundation of the mainstream neoclassical economics is empirical philosophy. The controversies of economic methodology over inductive and deductive methods, over verificationistic and falsificationistic approaches, and over positive and normative analyses in the evolution of economics are associated with those in the philosophy of science. The evolution of philosophy of science suggests that the above—mentioned pairs of economic methodologies should be appropriately combined when used in economics. It is not sensible to overemphasize either one inside each pair of economic methodologies.

Reflections on the Three Controversies in Economic Methodology by Virtue of the Philosophy of Science