Economics, Philosophy and Physics

Economics, Philosophy and Physics
Author: Ching-Yao Hsieh
Publisher: Routledge
Total Pages: 231
Release: 2016-09-16
Genre: Business & Economics
ISBN: 1315489236

This book traces the relationship between ideas and methodological perspectives in economics to the fields of philosophy and the physical sciences. It is aimed at students of economics who want to learn about the philosophical underpinnings and scientific foundations of contemporary economic theory. The authors show how advances in scientific knowledge have had an impact on philosophy that in turn influenced the development of economic thought.

The Big Questions

The Big Questions
Author: Steven E. Landsburg
Publisher: Simon and Schuster
Total Pages: 285
Release: 2010-09-02
Genre: Business & Economics
ISBN: 1847399290

What's wrong with stealing? What's the best way to blood test a pot-bellied pig? Should we tolerate intolerance? In the wake of his enormously popular books, The Armchair Economistand More Sex is Safer Sex, Steven Landsburg uses concepts from maths, economics and physics to address the big questions in philosophy: Where does knowledge come from? What's the difference between right and wrong? Do our beliefs matter? Is it possible to know everything? Provocative, utterly entertaining and always surprising, The Big Questions challenges readers to re-evaluate their most fundamental beliefs and reveals the relationship between the loftiest philosophical quests and our everyday lives.

More Heat Than Light

More Heat Than Light
Author: Philip Mirowski
Publisher: Cambridge University Press
Total Pages: 468
Release: 1991-11-29
Genre: Business & Economics
ISBN: 9780521426893

The development of the energy concept in Western physics and its subsequent effect on the emergence of neoclassical economics are traced to reveal how economics has sought to emulate physics, especially with regard to the theory of value.

The Natural Origins of Economics

The Natural Origins of Economics
Author: Margaret Schabas
Publisher: University of Chicago Press
Total Pages: 208
Release: 2009-05-15
Genre: Science
ISBN: 0226735710

References to the economy are ubiquitous in modern life, and virtually every facet of human activity has capitulated to market mechanisms. In the early modern period, however, there was no common perception of the economy, and discourses on money, trade, and commerce treated economic phenomena as properties of physical nature. Only in the early nineteenth century did economists begin to posit and identify the economy as a distinct object, divorcing it from natural processes and attaching it exclusively to human laws and agency. In The Natural Origins of Economics, Margaret Schabas traces the emergence and transformation of economics in the eighteenth and nineteenth centuries from a natural to a social science. Focusing on the works of several prominent economists—David Hume, Adam Smith, Thomas Malthus, David Ricardo, and John Stuart Mill—Schabas examines their conceptual debt to natural science and thus locates the evolution of economic ideas within the history of science. An ambitious study, The Natural Origins of Economics will be of interest to economists, historians, and philosophers alike.

Philosophy of Economics

Philosophy of Economics
Author: Uskali Mäki
Publisher: Elsevier
Total Pages: 929
Release: 2012-06-12
Genre: Business & Economics
ISBN: 044451676X

Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK; Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications

Philosophy, Politics, and Economics

Philosophy, Politics, and Economics
Author: Gerald Gaus
Publisher: Princeton University Press
Total Pages: 338
Release: 2021-11-16
Genre: Philosophy
ISBN: 069121980X

An updated and expanded edition of the classic introduction to PPE—philosophy, politics, and economics—coauthored by one of the field’s pioneers Philosophy, Politics, and Economics offers a complete introduction to the fundamental tools and concepts of analysis that PPE students need to study social and political issues. This fully updated and expanded edition examines the core methodologies of rational choice, strategic analysis, norms, and collective choice that serve as the bedrocks of political philosophy and the social sciences. The textbook is ideal for advanced undergraduates, graduate students, and nonspecialists looking to familiarize themselves with PPE’s approaches. Starting with individual choice, the book develops an account of rationality to introduce readers to decision theory, utility theory, and concepts of welfare economics and consumer choice theory. It moves to strategic choice in game theory to explore such issues as bargaining theory, repeated games, and evolutionary game theory. The text also considers how social norms can be understood, observed, and measured. Concluding chapters address collective choice, social choice theory and democracy, and public choice theory’s connections to voters, representatives, and institutions. Rigorous and comprehensive, Philosophy, Politics, and Economics continues to be an essential text for this popular and burgeoning field. The only book that covers the entirety of PPE methods A rigorous, nontechnical introduction to decision theory, game theory, and positive political theory A philosophical introduction to rational choice theory in the social sciences

Quantum Economics

Quantum Economics
Author: David Orrell
Publisher: Icon Books
Total Pages: 249
Release: 2018-07-05
Genre: Business & Economics
ISBN: 1785784005

A decade after the financial crisis, there is a growing consensus that economics has failed and needs to go back to the drawing board. David Orrell argues that it has been trying to solve the wrong problem all along. Economics sees itself as the science of scarcity. Instead, it should be the science of money (which plays a surprisingly small role in mainstream theory). And money is a substance that turns out to have a quantum nature of its own. Just as physicists learn about matter by studying the exchange of particles at the subatomic level, so economics should begin by analysing the nature of money-based transactions. Quantum Economics therefore starts with the meaning of the phrase 'how much' – or, to use the Latin word, quantum. From quantum physics to the dualistic properties of money, via the emerging areas of quantum finance and quantum cognition, this profoundly important book reveals that quantum economics is to neoclassical economics what quantum physics is to classical physics – a genuine turning point in our understanding.

Forecast

Forecast
Author: Mark Buchanan
Publisher: A&C Black
Total Pages: 273
Release: 2013-01-01
Genre: Business & Economics
ISBN: 1408827379

Positive feedback--when A produces B, which in turn produces even more A--drives not only abrupt climate changes, but also disruptive events in economics and finance, from asset bubbles to debt crises, bank runs, even corporate corruption. But economists, with few exceptions, have ignored this reality for fifty years, holding on to the unreasonable belief in the wisdom of the market. It's past time to be asking how markets really work. Can we replace economic magical thinking with a better means of predicting what the financial future holds, in order to prepare for--or even avoid--the next extreme economic event? Here, physicist and acclaimed science writer Mark Buchanan answers these questions and more in a master lesson on a smarter economics, which accepts that markets act much like weather. Market instability is as natural--and dangerous--as a prairie twister. With Buchanan's help, perhaps we can better govern the markets and weather their storms.

Society, Economics, and Philosophy

Society, Economics, and Philosophy
Author: Michael Polanyi
Publisher: Routledge
Total Pages: 308
Release: 2017-07-28
Genre: Social Science
ISBN: 1351489097

Society, Economics and Philosophy represents the full range of Polanyi's interests outside of his scientific work: economics, politics, society, philosophy of science, religion and positivist obstacles to it, and art. Polanyi's principal ideas are contained in three essays: on the scientific revolution, the creative imagination and the mind-body relation. Precisely because of Polanyi's work in the physical sciences, his writings have a unique dimension not found in other advocates of the market and too infrequently found even in philosophers of science.Polanyi was a powerful critic of totalitarianism and of the deficiencies of the usual defenses of freedom which helped to prepare the way for it. Freedom, he argued, can be based only upon truth and dedication to transcendent ideals, not upon skepticism, utilitarianism and the liberty of doing merely as one pleases. At a time when easy slogans about socialism were dominant in intellectual circles, epitomized by Sidney and Beatrice Webb, and when calls for the central planning of scientific research were made by such as J.D. Bernal, Polanyi exposed their errors and showed that science can flourish only in a free society.More radically than even von Mises and Hayek, Polanyi showed that an industrial economy can operate only polycentrically, that central planning is logically impossible, and that what was called by that name in the Soviet Union was in reality no such thing. Likewise, scientific research can proceed, not by a central plan, but only by the spontaneous self-adjustment of separate initiatives to discover a common reality. Against the positivism dominant within philosophy of science, he argued that the notion of reality must be restored and made central. Yet physical sciences, he also argued, are only one branch of science, and the sciences of life and mind are logically richer and more complex and cannot be reduced to the former, nor mind to body or to computers, nor art to its ph