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Economic Methodology And Freedom To Choose
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Book Synopsis Economic Methodology and Freedom to Choose (Routledge Revivals) by : Patrick O'Sullivan
Download or read book Economic Methodology and Freedom to Choose (Routledge Revivals) written by Patrick O'Sullivan and published by Routledge. This book was released on 2012-07-26 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1987, Professor O'Sullivan's work provides an in depth philosophical examination of the foundations of method in Economics and other human sciences. The argument is unabashedly dialectical in the great Socratic-Platonic tradition, and the reissue will be very welcome to all students of methodology, in particular those students of economic methodology seeking a refreshing alternative to yet more mathematical game playing. In an age dominated and perhaps to an extent perplexed by an ultimately non-committal postmodernism the book provides a root and branch critique of the epistemological relativism which must lie at the root of the whole post-modernist approach; and in reasserting the fundamental importance not only for the methods of science but also for European civilisation of the pursuit of truth it takes a stance which is very much against the tide of the times. A heterodox perspective is also provided and defended in detail regarding the real nature of economic methodology whereby it is shown that Economics epitomises a teleological mode of explanation which is significantly different from the efficient causal modes of explanation of the natural sciences. In fact Economics is the ultimate subjectivist/interpretative discipline in the methodological sense of Max Weber and Alfred Schutz, a fact which has only been recognised (and welcomed) in the Austrian school of Economics.
Book Synopsis Economic Methodology and Freedom to Choose by : Patrick J. O'Sullivan
Download or read book Economic Methodology and Freedom to Choose written by Patrick J. O'Sullivan and published by . This book was released on 1987 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Methodology and Freedom to Choose by : Patrick O'Sullivan
Download or read book Economic Methodology and Freedom to Choose written by Patrick O'Sullivan and published by Routledge. This book was released on 2012-03-22 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1987, Professor O'Sullivan's work provides an in depth philosophical examination of the foundations of method in Economics and other human sciences. The argument is unabashedly dialectical in the great Socratic-Platonic tradition, and the reissue will be very welcome to all students of methodology, in particular those students of economic methodology seeking a refreshing alternative to yet more mathematical game playing. In an age dominated and perhaps to an extent perplexed by an ultimately non-committal postmodernism the book provides a root and branch critique of the epistemological relativism which must lie at the root of the whole post-modernist approach; and in reasserting the fundamental importance not only for the methods of science but also for European civilisation of the pursuit of truth it takes a stance which is very much against the tide of the times. A heterodox perspective is also provided and defended in detail regarding the real nature of economic methodology whereby it is shown that Economics epitomises a teleological mode of explanation which is significantly different from the efficient causal modes of explanation of the natural sciences. In fact Economics is the ultimate subjectivist/interpretative discipline in the methodological sense of Max Weber and Alfred Schutz, a fact which has only been recognised (and welcomed) in the Austrian school of Economics.
Book Synopsis Reassessing the Paradigm of Economics by : Valeria Mosini
Download or read book Reassessing the Paradigm of Economics written by Valeria Mosini and published by Routledge. This book was released on 2011-07-28 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: When President Reagan and Prime Minister Thatcher adopted the neoliberal doctrine as the paradigm of economics, there was no evidence that the move would have been successful, but thirty years on, the recurrent crises that culminated in 2008 suggest a serious mis-match between expectations and outcomes: a re-examination of the paradigm is in order. This book focuses on Milton Friedman’s formulation of the neoliberal doctrine, and analyses two aspects that were essential to turning it into a fully-fledged paradigm: the attribution of scientific status to positive economics, which led to informing public policies on the requirements of the market; and the characterisation of economic freedom as capable of promoting political freedom, which led to identifying free market with democracy. The book exposes Friedman’s methodological argument for attributing positive economics scientific status as a failure, and his characterisation of economic freedom as a delusion; it identifies in the emergence as the mainstream in economics of the neoclassical synthesis, which borrowed from Walras’ the mathematical treatment of equilibrium but not the ethical and social framework in which it was inscribed, a development that facilitated the transition from the Keynesian to the neoliberal paradigm. Dr. Mosini shows that the gigantic bail-outs carried out courtesy of the public purse, which institutionalised the practice of collectivising losses while keeping profits private, were no accident, but the consequence of the rethinking of the function of lender of last resort according to Friedman’s conception of rationality in relation to risk, combined with his interpretation of the 1930s recession. The book concludes that the neoliberal paradigm has served the interests of the economically powerful social strata it was designed to benefit extremely well, but that the deep, and deepening, injustice it has brought about calls for a complete rethinking of the paradigm of economics according to ethical principles respectful of human values. This book should be of interest to students and researchers of Political Economy, Economic Methodology, History of Economic Thought and Philosophy.
Book Synopsis Freedom, Responsibility and Economics of the Person by : Jérôme Ballet
Download or read book Freedom, Responsibility and Economics of the Person written by Jérôme Ballet and published by Routledge. This book was released on 2013-07-31 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The capability approach has developed significantly since Amartya Sen was awarded the Nobel Prize in Economics in 1998. It is now recognised as being highly beneficial in the analysis of poverty and inequality, but also in the redefinition of policies aimed at improving the well-being of individuals. The approach has been applied within numerous sectors, from health and education to sustainable development, but beyond the obvious interest that it represents for the classical economics tradition, it has also encountered certain limitations. While acknowledging the undeniable progress that the approach has made in renewing the thinking on the development and well-being of a population, this book takes a critical stance. It focuses particularly on the approach’s inadequacy vis-à-vis the continental phenomenological tradition and draws conclusions about the economic analysis of development. In a more specific sense, it highlights the fact that the approach is too bound by standard economic logic, which has prevented it from taking account of a key ‘person’ dimension — namely, the ability of an individual to assume responsibility. As a result, this book advocates the notion that if the approach is used carelessly in relation to development policies, it can cause a number of pernicious effects, some of which may lead to disastrous consequences. Due to its multidisciplinary nature, this book will be of interest to those working in the fields of economics, philosophy, development studies and sociology.
Book Synopsis The End of Value-Free Economics by : Hilary Putnam
Download or read book The End of Value-Free Economics written by Hilary Putnam and published by Routledge. This book was released on 2012-03-15 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together key players in the current debate on positive and normative science and philosophy and value judgements in economics. Both editors have engaged in these debates throughout their careers from its early foundations; Putnam as a doctorial student of Hans Reichenbach at UCLA and Walsh a junior member of Lord Robbins’s department at the London School of Economics, both in the early 1950s. This book collects recent contributions from Martha Nussbaum, Amartya Sen and Partha Dasgupta, as well as a new chapter from the editors.
Book Synopsis The Nature of Economic Thought by : J. J. Klant
Download or read book The Nature of Economic Thought written by J. J. Klant and published by Edward Elgar Publishing. This book was released on 1994 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together Klants' work on the philosophy and methodology of economics. The book covers the history of economics, and then goes on to deal with the logical structure of economic theories, Friedman's use of metaphor, Keynes' methodology, and other issues.
Book Synopsis The Methodology of Economics by : Mark Blaug
Download or read book The Methodology of Economics written by Mark Blaug and published by Cambridge University Press. This book was released on 1992-07-31 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an examination of the nature of economic explanation. The opening chapters introduce current thinking in the philosophy of science and review the literature on methodology. Professor Blaug then turns to the troublesome question of the logical status of welfare economics, giving the reader an understanding of the outstanding issues in the methodology of economics. This is followed by a series of case studies of leading economic controversies, which shows how controversies in economics may be illuminated by paying attention to questions of methodology. A final chapter draws the strands together and gives the author's view of what is wrong with modern economics. This book is a revised and updated edition of a classic work on the methodology of economics, in which Professor Blaug develops his discussion of the latest developments in macroeconomics, general equilibrium theory and international trade theory. A new section on the rationality postulate is also added.
Download or read book Economics and the Mind written by and published by Routledge. This book was released on with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Philosophy of Economics by : Daniel M. Hausman
Download or read book The Philosophy of Economics written by Daniel M. Hausman and published by Cambridge University Press. This book was released on 1994-02-25 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expanded and updated coverage of such key areas as positivism and economic methodology as well as special methodological problems and perspectives enhances this new edition of twenty-two classic and more recent pivotal investigations into the philosophy of economics.
Book Synopsis The Method of Freedom by : Walter Lippmann
Download or read book The Method of Freedom written by Walter Lippmann and published by Transaction Publishers. This book was released on 1991-01-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Method of Freedom was written at a time of deep anxiety for America and Europe. The worst depression in modem history gripped the world and the rise of dictatorships in Europe and Asia posed a mortal challenge to the essentials of free government. In this volume of a continuing series on the major works of Walter Lippmann, a model for economic recovery and social stability is outlined under a "regime of liberty." Lippmann's work takes on a special pertinence in the 1990s as the nations of Eastern Europe embark on the historically unprecedented transition from Communist centralization to democracy and free market economies. Rejecting both laissez-faire and centrally enforced collectivization, Lippmann described the salutory economic functions of a government with a mandate that rested on the consent of a middle-class constituency, which he termed a "free collectivism." Capitalism, in his view, had become too complex to be regulated by private initiative, and it became the function of government to ensure a compensatory redistribution of income and property in order to make its citizens comfortably secure. Lippmann recognized that market regulation needed to be safeguarded from political demagoguery and the tyranny of the majority. "The Method of Freedom "calls for the formation of an informed and competent managerial class to direct economic policy within the bounds of legislative consent. Lippmann's effort to balance the competing claims of capitalism and democracy anticipated the New Deal achievements of the 1930s and influenced a generation of American statesmen in their understanding of what constituted a good society. "The Method of Freedom "is a work of enduring interest
Book Synopsis Economics and Other Disciplines by : Ricardo F. Crespo
Download or read book Economics and Other Disciplines written by Ricardo F. Crespo and published by Taylor & Francis. This book was released on 2017-05-18 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been seen in recent years to have taken in elements from other disciplines. Economics and Other Disciplines sheds light on the current state and possible future development of economics by focusing on it from a philosophical perspective, broadening the concept of rationality in economic theory. The beliefs that prevail in the world today make up a physicalist worldview. This book argues that this pervasive view is harmful for economics as a social science. Do new economic currents like behavioral economics, evolutionary economics, neuroeconomics, institutional economics, happiness economics, the capability approach and civil economy, escape this widespread mentality? What would be an adequate underlying economic ethos? Do these approaches fit into this ethos? Ricardo F. Crespo appraises the contributions from a classical philosophy angle, emphasizing their implications regarding practical reason. This volume is of great importance to those who are interested in political economy, economic theory and philosophy, as well as philosophy of social science.
Book Synopsis The Economics of Freedom by : Sebastiano Bavetta
Download or read book The Economics of Freedom written by Sebastiano Bavetta and published by Cambridge University Press. This book was released on 2012-06-29 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is freedom? Can we measure it? Does it affect policy? This book develops an original measure of freedom called 'Autonomy Freedom', consistent with J. S. Mill's view of autonomy, and applies it to issues in policy and political design. The work pursues three aims. First, it extends classical liberalism beyond exclusive reliance on negative freedom so as to take autonomous behavior explicitly into account. Second, it grounds on firm conceptual foundations a new standard in the measurement of freedom that can be fruitfully coupled with existing gauges. Third, it shows empirically that individual preferences for redistribution and cross-country differences in welfare spending in Organisation for Economic Co-operation and Development (OECD) countries are driven by the degree of 'autonomy freedom' that individuals enjoy. By means of an interdisciplinary approach and a sophisticated econometric methodology, the book takes an explicit stand in defense of freedom and sets the basis for a liberalism based upon people's actions and institutions.
Book Synopsis Handbook of Economics and Ethics by : Jan Peil
Download or read book Handbook of Economics and Ethics written by Jan Peil and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume pulls together a remarkable collection of contributors designed to challenge the positive-normative dichotomy in economic methodology. . . The intent of this publication is to provide a reference manual for those seeking insights into the connections between economics and ethics. It succeeds in that goal and should become a starting point for anyone who believes that mainstream economics needs methodological reorientation. . . Anyone interested in ethics and economic methodology would do well to have this reference book handy. Highly recommended. J. Halteman, Choice This new Handbook of Economics and Ethics makes a substantial contribution as a wide-ranging up-to-date reference work, including original developments, on these two fundamentally interconnected fields. This contribution is particularly timely, given the increasing attention being paid to economics as a moral science. The Handbook contains seventy-five expert entries on subjects ranging from the history of economics and philosophy to conceptual analysis of ethics in various aspects of modern economics, while representing a diversity of views. Sheila Dow, University of Stirling, UK The Handbook of Economics and Ethics portrays an understanding of economic methodology in which facts and values, though distinct, are closely interconnected in a variety of ways. From theory building to data collection, and from modelling to policy evaluation, this encyclopaedic Handbook is at the intersection of economics and ethics. Irene van Staveren and Jan Peil bring together 75 unique and original papers to provide up-to-date insights on topics such as markets, globalization, human development, rationality, efficiency, and corporate social responsibility. The book presents contributions from an array of international scholars using methodological and theoretical approaches, and convincingly demonstrates the death of the positive/normative dichotomy that so long held economics in its grip. This invaluable resource will strongly appeal to students of economics and economic methodology, philosophy of science and ethics. It will also be of great benefit to academics and policy-makers involved in economic policies and ethics.
Book Synopsis Business Ethics by : Patrick O'Sullivan
Download or read book Business Ethics written by Patrick O'Sullivan and published by Routledge. This book was released on 2012-08-06 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Events such as Trafigura's illegal dumping of toxic waste in Côte d’Ivoire and BP's environmentally disastrous oil spill in the Gulf of Mexico have highlighted ethical issues in international business at a time when business leaders, academics and business schools were reflecting on their own responsibilities following the global financial crisis. The scope and scale of the global operations of multinational businesses means that decisions taken in different parts of the world have far reaching consequences beyond the national settings where employees are located or where firms are registered and as such, an awareness of these responsibilities needs to be integrated into all levels and all subjects. Using four guiding principles – a critical multi-level approach rooted in the tradition of European social theory, a comparative and international perspective, a global rather than just a European or American stand point and engaging with subject-specific issues this book aims to 'mainstream' business ethics into the work of teachers and students in business schools. This comprehensive volume brings together contributions from a range of experts in different areas of business studies thereby facilitating and encouraging a move away from business ethics being a box to be ticked to being an integrated consideration across the business disciplines. This impressive book brings ethical considerations back to the heart of the business curriculum and in doing so, provides a companion for the progressive business student throughout their university career.
Book Synopsis Economics, Rational Choice and Normative Philosophy by : Thomas Boylan
Download or read book Economics, Rational Choice and Normative Philosophy written by Thomas Boylan and published by Routledge. This book was released on 2008-10-27 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international experts in the field of normative social choice theory, complemented by experts in economic methodology and political science discuss the major developments arising from collaboration between experts in these cognate disciplines.
Book Synopsis Praxiologies and the Philosophy of Economics by : Josiah Lee Auspitz
Download or read book Praxiologies and the Philosophy of Economics written by Josiah Lee Auspitz and published by Transaction Publishers. This book was released on with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: This breakthrough volume integrates European, British, and American scholarship in advanced areas of philosophy and decision theory. Contributions cover a broad area of economics--from criticism of institutional economics to examination of the role of induction in economic forecasting.