A Modern Guide to Philosophy of Economics

A Modern Guide to Philosophy of Economics
Author: Kincaid, Harold
Publisher: Edward Elgar Publishing
Total Pages: 384
Release: 2021-08-27
Genre: Business & Economics
ISBN: 1788974468

This insightful Modern Guide offers a broad coverage of questions and controversies encountered by contemporary economists. A refreshing approach to philosophy of economics, chapters comprise a range of methodological and theoretical perspectives, from lab and field experiments to macroeconomics and applied policy work, written using a familiar, accessible language for economists.

The Future of the Philosophy of Economics

The Future of the Philosophy of Economics
Author: Constanze Binder
Publisher: Routledge
Total Pages: 328
Release: 2018-04-19
Genre: Business & Economics
ISBN: 1315462036

Originating from the International Network for Economic Method conference, hosted by the Erasmus Institute for Economics and Philosophy (EIPE) at the Erasmus University Rotterdam in 2013, this book chooses key themes that reflect on fascinating new developments in the philosophy of economics. Contributions discuss new avenues and debates in important and upcoming areas, such as the philosophy of economic policy making, decision theory, ethics, and new questions in economic methodology. The book offers an excellent insight into cutting edge research in these fields that are about to shape the future of the philosophy of economics. This book was originally published as a special issue of The Journal of Economic Methodology.

Philosophy of Economy

Philosophy of Economy
Author: Sergei Bulgakov
Publisher: Yale University Press
Total Pages: 358
Release: 2008-10-01
Genre: Political Science
ISBN: 0300132859

The writings of Sergei Bulgakov (1871–1944), like those of other major social thinkers of Russia’s Silver Age, were obliterated from public consciousness under Soviet rule. Discovered again after eighty years of silence, Bulgakov’s work speaks with remarkable directness to the postmodern listener. This outstanding translation of Philosophy of Economy brings to English-language speakers for the first time a major work of social theory written by a critical figure in the Russian tradition of liberal thought. What is unique about Bulgakov, Catherine Evtuhov explains in her introduction to this book, is that he bridges two worlds. His social thought is firmly based in the Western tradition, yet some of his ideas reflect a specifically Russian way of thinking about society. Though arguing strenuously in favor of political and social liberty, Bulgakov repudiates the individualistic basis of Western liberalism in favor of a conception of human dignity that is compatible with collectivity. His economic theory stresses the spiritual content of life in the world and imagines national life as a kind of giant household. Bulgakov’s work, with its singularly postmodern balance between Western and non-Western, offers fascinating implications for those in the process of reevaluating ideologies in post-Soviet Russia and in America as well.

Econometrics and the Philosophy of Economics

Econometrics and the Philosophy of Economics
Author: Bernt P. Stigum
Publisher: Princeton University Press
Total Pages: 795
Release: 2015-12-29
Genre: Business & Economics
ISBN: 1400873231

As most econometricians will readily agree, the data used in applied econometrics seldom provide accurate measurements for the pertinent theory's variables. Here, Bernt Stigum offers the first systematic and theoretically sound way of accounting for such inaccuracies. He and a distinguished group of contributors bridge econometrics and the philosophy of economics--two topics that seem worlds apart. They ask: How is a science of economics possible? The answer is elusive. Economic theory seems to be about abstract ideas or, it might be said, about toys in a toy community. How can a researcher with such tools learn anything about the social reality in which he or she lives? This book shows that an econometrician with the proper understanding of economic theory and the right kind of questions can gain knowledge about characteristic features of the social world. It addresses varied topics in both classical and Bayesian econometrics, offering ample evidence that its answer to the fundamental question is sound. The first book to comprehensively explore economic theory and econometrics simultaneously, Econometrics and the Philosophy of Economics represents an authoritative account of contemporary economic methodology. About a third of the chapters are authored or coauthored by Heather Anderson, Erik Biørn, Christophe Bontemps, Jeffrey A. Dubin, Harald E. Goldstein, Clive W.J. Granger, David F. Hendry, Herman Ruge-Jervell, Dale W. Jorgenson, Hans-Martin Krolzig, Nils Lid Hjort, Daniel L. McFadden, Grayham E. Mizon, Tore Schweder, Geir Storvik, and Herman K. van Dijk.

A Philosopher's Economist

A Philosopher's Economist
Author: Margaret Schabas
Publisher: University of Chicago Press
Total Pages: 335
Release: 2020-07-15
Genre: Philosophy
ISBN: 022669125X

Reconsiders the centrality and legacy of Hume’s economic thought and serves as an important springboard for reflections on the philosophical underpinnings of economics. Although David Hume’s contributions to philosophy are firmly established, his economics has been largely overlooked. A Philosopher’s Economist offers the definitive account of Hume’s “worldly philosophy” and argues that economics was a central preoccupation of his life and work. Margaret Schabas and Carl Wennerlind show that Hume made important contributions to the science of economics, notably on money, trade, and public finance. Hume’s astute understanding of human behavior provided an important foundation for his economics and proved essential to his analysis of the ethical and political dimensions of capitalism. Hume also linked his economic theory with policy recommendations and sought to influence people in power. While in favor of the modern commercial world, believing that it had and would continue to raise standards of living, promote peaceful relations, and foster moral refinement, Hume was not an unqualified enthusiast. He recognized many of the underlying injustices of capitalism, its tendencies to promote avarice and inequality, as well as its potential for political instability and absolutism. Hume’s imprint on modern economics is profound and far-reaching, whether through his close friend Adam Smith or later admirers such as John Maynard Keynes and Friedrich Hayek. Schabas and Wennerlind’s book compels us to reconsider the centrality and legacy of Hume’s economic thought—for both his time and ours—and thus serves as an important springboard for reflections on the philosophical underpinnings of economics.

Examining the Relationship Between Economics and Philosophy

Examining the Relationship Between Economics and Philosophy
Author: Akansel, Ilkben
Publisher: IGI Global
Total Pages: 338
Release: 2019-10-25
Genre: Business & Economics
ISBN: 1799810399

In today’s data-driven world, certain infrastructures of society have begun to lose their anthropological traits. Economics, specifically, has started placing importance on quantity over quality, excluding its philosophical perspective. Scientists and associates of economics need to be reacquainted with the psychological aspect of commerce and its significance to humanity. Examining the Relationship Between Economics and Philosophy is an essential reference source that discusses the psychological view of economics as well as its philosophical background. Featuring research on topics such as cognitive science, neoliberalism, and neuroeconomics, this book is ideally designed for scientists, economists, managers, executives, academicians, researchers, and students seeking coverage on the philosophy of the financial system and its impact on competitive markets.

Global Economics

Global Economics
Author: Clifford F. Thies
Publisher: Rowman & Littlefield
Total Pages: 255
Release: 2020-07-07
Genre: Business & Economics
ISBN: 1498546161

Global Economics looks beyond the mere interaction of national economies as is implied by the term 'international economics.' It examines the integration of national economies into the emerging global economy. In keeping with the subtitle A Holistic Approach, the book considers the roles of technology, political arrangements, the rule of law, natural resources, climate change, social institutions and values, in addition to the role of economics (narrowly defined). In fact, recourse to abstract economic analysis is restrained, and discussion is replete with concrete examples and case studies. Specific topics include trade theory, policy and agreements, foreign exchange, exchange rate determination and hedging, international capital and labor flows, financial crises and development. The book details the changes that took place with the Industrial Revolution and the subsequent spread of market economics and democratic government. It develops the classic theory of comparative advantage, and then applies and extends the theory to explain the complex trade patterns of today. It uses game theory to analyze trade policy, and the tragedy of the commons to address the resource curse. The book covers topics such as the relationship of defense to trade policy not typically considered by international economics, in addition to taking a fresh approach to the traditional topics.

Economic Analysis, Moral Philosophy, and Public Policy

Economic Analysis, Moral Philosophy, and Public Policy
Author: Daniel Hausman
Publisher: Cambridge University Press
Total Pages: 419
Release: 2017
Genre: Business & Economics
ISBN: 1107158311

This book shows how careful attention to moral reasoning can enrich economic understanding and clarify the importance and the limits of an economic analysis of policy problems.

The Methodology of Experimental Economics

The Methodology of Experimental Economics
Author: Francesco Guala
Publisher: Cambridge University Press
Total Pages: 302
Release: 2005-08-01
Genre: Business & Economics
ISBN: 1107320860

The experimental approach in economics is a driving force behind some of the most exciting developments in the field. The 'experimental revolution' was based on a series of bold philosophical premises which have remained until now mostly unexplored. This book provides the first comprehensive analysis and critical discussion of the methodology of experimental economics, written by a philosopher of science with expertise in the field. It outlines the fundamental principles of experimental inference in order to investigate their power, scope and limitations. The author demonstrates that experimental economists have a lot to gain by discussing openly the philosophical principles that guide their work, and that philosophers of science have a lot to learn from their ingenious techniques devised by experimenters in order to tackle difficult scientific problems.

The Philosophy of Economics

The Philosophy of Economics
Author: Daniel M. Hausman
Publisher: Cambridge University Press
Total Pages: 11
Release: 2008
Genre: Business & Economics
ISBN: 0521883504

This volume, explores the nature of economics as a science, including classic texts and newer essays.