This book outlines the contours of economics grounded in real-world phenomena and experiences by outlining the foundations of a Grounded Economics. This book provides a consistent framework to grasp the economy as an unfolding process.

Lukas Bäuerle is a post-doctoral researcher at the University of Hamburg. He obtained his doctoral degree at the University of Flensburg with a thesis on a praxeological foundation of economics. His main research interests are institutional economics, social theories of practice as well as economic education and the role of economic knowledge in societal transitions.

1. Introduction 2. Lifeworld, sense-making and the primordial gap 3. Agents, institutions and the horizontal gap 4. Praxis, reflection and the vertical gap 5. What is the economy? An interim conclusion 6. Grounded economics 7. Conclusion