Critically Discuss Epistemological Issues by Examining the Claim to ‘Truth’

This research paper critically investigates epistemological subjects by examining the claim to truth in the works of De Mello (1999) and Hansen and Rand (2006). To assess the claim to truth, this paper mainly adopts a positivist approach as its theoretical framework. This approach includes a diverse range of methods for studying economics and finance and purposes to establish a construction between positivism and the research topic related to economics and finance. It draws on the fundamental principles and perspectives of positivism to facilitate critical analysis (Yaqub 2024). The paper emphases on this approach because economists often rely on mathematical models to uncover truths. However, positivism has notable limitations, mainly in the framework of social sciences. To estimate these claims, the researchers adopt a positivist theoretical framework, encompassing a variety of alternative approaches to the study of economics and finance.