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Author : Bruce Nevin Shortt
Publisher :
ISBN 13 :
Total Pages : 556 pages
Book Rating : 4.F/5 ( download)
Download or read book Neoclassical Economics and the Unity of Science written by Bruce Nevin Shortt and published by . This book was released on 1983 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lansana Keita
Publisher : BRILL
ISBN 13 : 9004495150
Total Pages : 164 pages
Book Rating : 4.0/5 (44 download)
Download or read book The Human Project and the Temptations of Science written by Lansana Keita and published by BRILL. This book was released on 2022-07-18 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: On account of the impressive yield of empirical science since the dawn of modern era, theorists of human behavior have sought eagerly to adopt its methodology to explain and predict behavior in the same way that natural science does with respect to natural phenomena. Thus, the positivist principle endorsed the unity of science approach to both the natural and social worlds. Modern social science, in its specific forms of sociology, economics, and so on, confidently embraced the positivist principle. In a short period of time, political economy was transformed into economic science. The goal was to purge the social sciences of their supposedly evaluative content. In due course, the idea of objective scientific truth came to be questioned along with the positivist paradigm. Epistemological relativism à la Kuhn is to be credited with this intellectual shift. But this novel theoretical approach was more easily accommodated by epistemologists of science than scientists themselves. Scientists hardly questioned their methodologies of research and the cognitive field of successful theories. Similarly, in the social sciences, neoclassical economics remained dominant. The neoclassical motto was that economics as science answered only questions of efficiency, not evaluative questions of social justice. The Human Project and the Temptations of Science argues that the model of epistemological unity, at one time embracing positivism, at another time supporting epistemological relativism, is questionable. While empirical science does yield knowledge of the natural world, knowledge of the social world - the world of humans - is necessarily value-laden. Despite the quantitative veneer of neoclassical economics - the dominant paradigm in economics - economic analysis cannot avoid questions of value. The reason is that its foundational concepts, such as rationality and the maximization of expected utility, reflect the necessary value-oriented nature of human behavior. The question posed, then, by The Human Project and the Temptations of Science is what sort of optimal values should humans adopt.
Author : Jing Chen
Publisher : Springer
ISBN 13 : 149393466X
Total Pages : 148 pages
Book Rating : 4.4/5 (939 download)
Download or read book The Unity of Science and Economics written by Jing Chen and published by Springer. This book was released on 2015-11-06 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.
Author : L. D. Keita
Publisher : University of Delaware Press
ISBN 13 : 9780874134100
Total Pages : 204 pages
Book Rating : 4.1/5 (341 download)
Download or read book Science, Rationality, and Neoclassical Economics written by L. D. Keita and published by University of Delaware Press. This book was released on 1992 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the claim to scienific status made by supporters and practitioners of neoclassical economics. The approach taken is that of the history and philosophy of science. Analysis points to the conclusion that theories of economic choice are necessarily normative, essentially because of the nature of human behavior.
Author : B. Hamminga
Publisher : Springer Science & Business Media
ISBN 13 : 3642693490
Total Pages : 186 pages
Book Rating : 4.6/5 (426 download)
Download or read book Neoclassical Theory Structure and Theory Development written by B. Hamminga and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are quite a lot of recent books on the methodology of economics, but all proceed from one or more of the following three fundamental assumptions: 1) Meta-apriorism: it is a priori believed that the results of the philosophy of science of the past decades, associated with the names of Popper, Kuhn and Lakatos, yield conceptual frameworks that can be used to describe the product of the economist's endeavours. 2) Synchronism: it is believed that the inspection of a "theory" of economics, the presentation of some economic belief at a point in time, reveals its logical structure and ipso facto the "method" by which the "theory" is constructed. 3) CreduZity: it is believed that what economists themselves say on their own methods is true, or at least of primary relevance. In this book, I endeavour to show that these assumptions are false. First, the philosophies of science by Popper, Kuhn and Lakatos did not succeed in constructing a conceptual framework capable of describing theory development in economics. Secondly, this can only be seen as soon as not Zogic but history is taken to be the referee judging the adequacy of metatheories (diachronism). Thirdly the results of metaempiricaZ (not-meta-aprioristic), diachronic (not-synchronic) research reveals that even economists themselves turn out frequently to have inadequate metatheories upon which it is dangerous to rely (suspicion instead of credulity) .
Author : Harold Kincaid
Publisher : Rowman & Littlefield
ISBN 13 : 9780847686636
Total Pages : 182 pages
Book Rating : 4.6/5 (866 download)
Download or read book Individualism and the Unity of Science written by Harold Kincaid and published by Rowman & Littlefield. This book was released on 1997 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this original and important book, Harold Kincaid defends a view of the special sciences -- all sciences outside physics -- as autonomous and nonreducible. He argues that the biological and social sciences provide explanations that cannot be captured by explanations at the level of their constituent parts, and yet that this does not commit us to mysterious, nonphysical entities like vital forces or group minds. A look at real scientific practice shows that the many different sciences can be unified in a way that leaves them each an autonomous explanatory role. This book will be of great interest to philosophers of science and social scientists.
Author : Philip Mirowski
Publisher : Rowman & Littlefield Publishers
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.:/5 (43 download)
Download or read book Against Mechanism written by Philip Mirowski and published by Rowman & Littlefield Publishers. This book was released on 1988 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: ...the history of economic theory at its best.-EASTERN ECONOMIC JOURNAL
Author : Bert Hamminga
Publisher : Springer Verlag
ISBN 13 : 9780387128160
Total Pages : 174 pages
Book Rating : 4.1/5 (281 download)
Download or read book Neoclassical Theory Structure and Theory Development written by Bert Hamminga and published by Springer Verlag. This book was released on 1983-01-01 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John F. Henry
Publisher : Routledge
ISBN 13 : 0415618738
Total Pages : 288 pages
Book Rating : 4.4/5 (156 download)
Download or read book The Making of Neoclassical Economics written by John F. Henry and published by Routledge. This book was released on 2012-03-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990, this unique explanation of the rise of neoclassical economics views social change as an engine promoting change in theory. It attempts to develop a theory of the origins, consolidation and rise to dominance of the neoclassical school of thought. In so doing, it addresses the contest between the labour and utility theories of value; both are placed in historical context, and reasons are offered for the relative success of each in particular historical periods. It is argued that the eventual dominance of neoclassicism, a theory based on the social changes then taking place, resulted not from its scientific superiority but from its non-social perspective which ignores the social order upon which it depends.
Author : Klaus Hennings
Publisher : Springer Science & Business Media
ISBN 13 : 9400921810
Total Pages : 380 pages
Book Rating : 4.4/5 (9 download)
Download or read book Neoclassical Economic Theory, 1870 to 1930 written by Klaus Hennings and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Warren J. Samuels Each book in this series explores the present status of its field in terms of where it is, how it got there, the existing tensions within the field, and something of how the field might develop in the future. Each book presumes that work in each field is neither settled nor unequivocal. Each book attempts to comprehend its field as an evolving, developmental process or set or efforts. This particular book, covering neoclassical economics, is the third of three in the field of the History of Economic Thought. The others are Pre-Classical Economic Thought, edited by S. Todd Lowry, and Classical Political Economy, edited by William O. Thweatt. Each one conducts the same kind of analysis as the others in the series, with the understanding that here we are dealing with the history of interpretation, rather than a substantive body of analysis of a certain aspect of the economy: for example, labor or international trade. (That understanding must be com plex and subtle, inasmuch as revision of interpretation of earlier ideas is part of the process-both cause and consequence-of re-analyzing the economy. ) In this group we are interested in how recent and contemporary writers have interpreted the history of economic thought differently, both among themselves and from earlier writers. 1 NEOCLASSICAL ECONOMIC lHEORY 2 Several topics must be discussed to place such work in perspective, in part as it is here applied to the history of the interpretation of neoclassical economics.
Author : Yahya M. Madra
Publisher : Routledge
ISBN 13 : 1317813111
Total Pages : 218 pages
Book Rating : 4.3/5 (178 download)
Download or read book Late Neoclassical Economics written by Yahya M. Madra and published by Routledge. This book was released on 2016-06-10 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several contemporary economic theories revolve around different concepts: market failures, institutions, transaction costs, information asymmetries, motivational diversity, cognitive limitations, strategic behaviors and evolutionary stability. In recent years, many economists have argued that the increase in circulation and mobilization of these new and heterogeneous concepts and their associated methodologies (e.g., experiments, evolutionary modelling, simulations) signify the death of neoclassical economics. Late Neoclassical Economics: The Restoration of Theoretical Humanism in Contemporary Economic Theory draws on the work of Louis Althusser, Michel Foucault and the Amherst School, to construct the concept of a self-transparent and self-conscious human subject (Homo economicus) as the theoretical humanist core of the neoclassical tradition. Instead of identifying the emergent heterogeneity as a break from neoclassicism, this book offers a careful genealogy of many of the new concepts and approaches - including evolutionary game theory, experimental economics and behavioural economics - and reads their elaboration as part of the restoration of the theoretical humanist core of the tradition. ‘Late neoclassical economics’ is therefore characterized as a collection of diverse approaches which have emerged in response to the drift towards structuralism. This book is suitable for those who study political economy, history of economic thought and philosophy of economics. The arguments put forward in this text will also resonate with anyone who is interested in the fate of the neoclassical tradition and the future of economic theory.
Author : Mohamed H. Khalil
Publisher :
ISBN 13 : 9789966910011
Total Pages : 31 pages
Book Rating : 4.9/5 (1 download)
Download or read book Neoclassical Economics as Sorcery written by Mohamed H. Khalil and published by . This book was released on 1996 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James R. Hackney Jr.
Publisher : Duke University Press
ISBN 13 : 0822389711
Total Pages : 261 pages
Book Rating : 4.8/5 (223 download)
Download or read book Under Cover of Science written by James R. Hackney Jr. and published by Duke University Press. This book was released on 2007-03-28 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than two decades, the law and economics movement has been one of the most influential and controversial schools of thought in American jurisprudence. In this authoritative intellectual history, James R. Hackney Jr. situates the modern law and economics movement within the trajectory of American jurisprudence from the early days of the Republic to the present. Hackney is particularly interested in the claims of objectivity or empiricism asserted by proponents of law and economics. He argues that the incorporation of economic analysis into legal decision making is not an inherently objective enterprise. Rather, law and economics often cloaks ideological determinations—particularly regarding the distribution of wealth—under the cover of science. Hackney demonstrates how legal-economic thought has been affected by the prevailing philosophical ideas about objectivity, which have in turn evolved in response to groundbreaking scientific discoveries. Thus Hackney’s narrative is a history not only of law and economics but also of select strands of philosophy and science. He traces forward from the seventeenth-century the interaction of legal thinking and economic analysis with ideas about the attainability of certitude. The principal legal-economic theories Hackney examines are those that emerged from classical legal thought, legal realism, law and neoclassical economics, and critical legal studies. He links these theories respectively to formalism, pragmatism, the analytic turn, and neopragmatism/postmodernism, and he explains how each of these schools of philosophical thought was influenced by specific scientific discoveries: Newtonian physics, Darwin’s theory of evolution, Einstein’s theories of relativity, and quantum mechanics. Under Cover of Science challenges claims that the contemporary law and economics movement is an objective endeavor by historicizing ideas about certitude and empiricism and their relation to legal-economic thought.
Author : Jamie Morgan
Publisher : Routledge
ISBN 13 : 1317334515
Total Pages : 368 pages
Book Rating : 4.3/5 (173 download)
Download or read book What is Neoclassical Economics? written by Jamie Morgan and published by Routledge. This book was released on 2015-11-19 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics. As a result, what we mean by neoclassical economics remains a significant issue. This collection addresses the issue from a new perspective, taking as its point of departure Tony Lawson’s essay ‘What is this ‘school’ called neoclassical economics?’. Few terms are as controversial for pluralist and heterodox economists as neoclassical economics. This controversy has many aspects because the term itself has different specifications and connotations. Within this multiplicity what we mean by neoclassical matters to pluralist and heterodox economists for two primary reasons. First, because it informs how we view and critique the mainstream; second, because the relationship between heterodox and mainstream economics influences how heterodox economists model, apply methods and construct theory. The chapters in this collection each have different things to say about these matters, with contributions ranging across the work of key thinkers, such as Thorstein Veblen and Kenneth Arrow, applied issues of non-linear modelling of dynamic systems, and key events in the history of economics. This book will be of use to those interested in methodology, political economy, heterodoxy, and the history of economic thought.
Author : G. Feiwel
Publisher : Springer Science & Business Media
ISBN 13 : 9400973772
Total Pages : 366 pages
Book Rating : 4.4/5 (9 download)
Download or read book Samuelson and Neoclassical Economics written by G. Feiwel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is not a festschrift, but a study of the prodigious Samuelson phe nomenon, his history-making contributions to and impact on the econom ics of our age, and the intricate, often perplexing, and divergent trends in modern economics - all intensely controversial subjects that will be argued, scrutinized, and periodically reassessed by economists of various strands and traditions for years to come, for, as Samuelson wrote of Pigou, "immortality does have its price. " A scholar with such an out standing body of contributions "must expect other men to swarm about it" (1966, p. 1233), subject it to scholarly scrutiny, and challenge it. Although Paul Samuelson was 65 on May 15, 1980 (and our best wishes go out to him for long life and continued enrichment of economics), this is neither a birthday party nor a gathering of only the Good Fairies, for, as he himself has said of Marx, "a great scholar deserves the compliment of being judged seriously" and critically (1972, p. 268). In accordance with the rule of Roman law, audiatur et altera pars, I have invited representative scholars of widely divergent perceptions to offer their critical evaluation of the "age of Samuelson. " While the response was by and large gratifying, some scholars were unable to meet the deadline, ix x PREFACE and with much compunction I have had to expand my own essays to partly fill the gaps.
Author : Lisa Jo Brown
Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (655 download)
Download or read book Science and Ideology written by Lisa Jo Brown and published by . This book was released on 1988 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jamie Morgan
Publisher : Routledge
ISBN 13 : 1317334523
Total Pages : 337 pages
Book Rating : 4.3/5 (173 download)
Download or read book What is Neoclassical Economics? written by Jamie Morgan and published by Routledge. This book was released on 2015-11-19 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics. As a result, what we mean by neoclassical economics remains a significant issue. This collection addresses the issue from a new perspective, taking as its point of departure Tony Lawson’s essay ‘What is this ‘school’ called neoclassical economics?’. Few terms are as controversial for pluralist and heterodox economists as neoclassical economics. This controversy has many aspects because the term itself has different specifications and connotations. Within this multiplicity what we mean by neoclassical matters to pluralist and heterodox economists for two primary reasons. First, because it informs how we view and critique the mainstream; second, because the relationship between heterodox and mainstream economics influences how heterodox economists model, apply methods and construct theory. The chapters in this collection each have different things to say about these matters, with contributions ranging across the work of key thinkers, such as Thorstein Veblen and Kenneth Arrow, applied issues of non-linear modelling of dynamic systems, and key events in the history of economics. This book will be of use to those interested in methodology, political economy, heterodoxy, and the history of economic thought.
