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  1. Philosophy of Economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.
    This is a comprehensive anthology of works concerning the nature of economics as a science, including classic texts and essays exploring specific branches and schools of economics. Apart from the classics, most of the selections in the third edition are new, as are the introduction and bibliography. No other anthology spans the whole field and offers a comprehensive introduction to questions about economic methodology.
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  • Social Ontology.Brian Epstein - 2018 - Stanford Encyclopedia of Philosophy.
    Social ontology is the study of the nature and properties of the social world. It is concerned with analyzing the various entities in the world that arise from social interaction. -/- A prominent topic in social ontology is the analysis of social groups. Do social groups exist at all? If so, what sorts of entities are they, and how are they created? Is a social group distinct from the collection of people who are its members, and if so, how is (...)
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  • The Eclipse of Value-Free Economics. The Concept of Multiple Self Versus Homo Economicus.Aleksander Ostapiuk - 2020 - Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business.
    The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...)
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  • Continental Philosophies of the Social Sciences.David Teira - 2011 - In Ian Jarvie Jesus Zamora Bonilla (ed.), The Sage Handbook of the Philosophy of Social Sciences. Routledge. pp. 81-102.
  • Weakness of Will. The Limitations of Revealed Preference Theory.Aleksander Ostapiuk - 2022 - Acta Oeconomica 1 (72):1-23.
    The phenomenon of weakness of will – not doing what we perceive as the best action – is not recognized by neoclassical economics due to the axiomatic assumptions of the revealed preference theory (RPT) that people do what is best for them. However, present bias shows that people have different preferences over time. As they cannot be compared by the utility measurements, economists need to normatively decide between selves (short- versus long-term preferences). A problem is that neoclassical economists perceive RPT (...)
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  • I Choose for Myself, Therefore I Am.Malte Dold & Alexa Stanton - 2021 - Erasmus Journal for Philosophy and Economics 14 (1).
    Behavioral economics and existentialism both present informative perspectives on human choice. We argue in this article that the dialogue between the two approaches can enrich the current debate about the normative implications of behavioral economics. While behavioral economics suggests that our capacity to choose is constrained by cognitive biases and environmental influences, existentialism emphasizes that we can treat ourselves as free and ‘becoming’ beings in spite of the many constraints we face. Acknowledging these two perspectives in the form of a (...)
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  • Disinterestedness and Self-Formation: Principles of Action in William Hazlitt.Jack Barbalet - 2009 - European Journal of Social Theory 12 (2):195-211.
    The concept of self-interest is core to modern understandings of individual desire and need. It is also central in the concept of homo economicus and, in a variety of forms, underpins economic science. The critical discussion of the notion of self-interest in William Hazlitt, An Essay on the Principles of Human Action, remains unknown in sociology and economics even though it resolves a number of key problems associated with the concept and makes an original, indeed, unique contribution to action theory. (...)
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  • Emergence À la Systems Theory: Epistemological Totalausschluss or Ontological Novelty?Poe Yu-ze Wan - 2011 - Philosophy of the Social Sciences 41 (2):178-210.
    In this article, I examine Luhmann’s, Bunge’s and others’ views on emergence, and argue that Luhmann’s epistemological construal of emergence in terms of Totalausschluss is both ontologically flawed and detrimental to an appropriate understanding of the distinctive features of social emergence. By contrast, Bunge’s rational emergentism, his CESM model, and Wimsatt’s characterization of emergence as nonaggregativity provide a useful framework to investigate emergence. While researchers in the field of social theory and sociology tend to regard Luhmann as the sole representative (...)
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  • Constructing "the Economy".Margaret Schabas - 2009 - Philosophy of the Social Sciences 39 (1):3-19.
    Economists study "The Economy," or so one might suppose. Yet this overarching entity is strikingly absent from mainstream theory. Since the 1950s, it has generally been described with a few mathematical propositions and not given a description that attends to institutions, power relations, or the emergent properties that form the leading indicators in macroeconomic theory. There is thus a significant divergence between folk economics and scientific economics on this theoretical entity. This article briefly addresses the history of this concept, noting (...)
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  • Droga ekonomii wolnej od wartościowania do epistemologicznej pychy. Użycie i nadużycie matematyki przez ekonomistów.Aleksander Ostapiuk - 2019 - Philosophical Problems in Science 67:153-202.
    The goal of the article is to substantiate that despite the criticism the paradigm in economics will not change because of the axiomatic assumptions of value-free economics. How these assumptions work is demonstrated on the example of Gary Becker’s economic approach which is analyzed from the perspective of scientific research programme. The author indicates hard core of economic approach and the protective belt which makes hard core immune from any criticism. This immunity leads economists to believe that they are objective (...)
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  • Philosophy and Economics.D. Wade Hands - 2008 - In S. N. Durlauf & L. E. Blume (eds.), The New Palgrave Dictionary of Economics, 2nd edition. Palgrave. pp. 410-420.
  • Ontological Commitments of Ethics and Economics.Karey Harrison - 2013 - Economic Thought 2 (1):1-19.
    This paper analyses the cognitive image schemas structuring the ontological commitments of dominant conceptions of ethics and economics to show that the content of economics is implicated in conceptions of ethics, and that these conceptions cannot be separated from questions of research and professional ethics. This analysis of the metaphoric structuring of the ontological commitments of ethics and economics is based on an extension of Kuhn's construct sense of 'paradigm' as concrete analogy; and on techniques of metaphoric analysis developed in (...)
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  • The Ontology of Money: Institutions, Power and Collective Intentionality.Georgios Papadopoulos - 2015 - Erasmus Journal for Philosophy and Economics 8 (1):136.
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  • Valuing Environmental Costs and Benefits in an Uncertain Future: Risk Aversion and Discounting.Fabien Medvecky - 2012 - Erasmus Journal for Philosophy and Economics 5 (1):1-1.
    A central point of debate over environmental policies concerns how future costs and benefits should be assessed. The most commonly used method for assessing the value of future costs and benefits is economic discounting. One often-cited justification for discounting is uncertainty. More specifically, it is risk aversion coupled with the expectation that future prospects are more risky. In this paper I argue that there are at least two reasons for disputing the use of risk aversion as a justification for discounting (...)
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  • 'Animal Behavioural Economics': Lessons Learnt From Primate Research.Manuel Worsdorfer - 2015 - Economic Thought 4 (1):80-106.
    The paper gives an overview of primate research and the economic-ethical 'lessons' we can derive from it. In particular, it examines the complex, multi-faceted and partially conflicting nature of human primates. Our closest living relatives, the chimpanzees and bonobos, apparently walk on two legs: a selfish and a groupish leg. Given evolutionary continuity and gradualism between monkeys, apes and humans, human primates seem to be bipolar apes as well. They, too, tend to display a dual structure: there seems to be (...)
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  • Are We Witnessing a Revolution in Methodology of Economics? About Don Ross's Recent Book on Microexplanation'.Maurice Lagueux - 2008 - Erasmus Journal for Philosophy and Economics 1 (1):24-55.
    The paper aims to assess whether the ideas developed by DonRoss in his recent book Economic theory and cognitive science:microexplanation, which relates neoclassical economics to recentdevelopments in cognitive science, might revolutionize the methodologyof economics. Since Ross challenges a conception of economicsassociated with what is pejoratively called “Folk psychology”, the paperdiscusses ideas of the philosopher Daniel Dennett on which thischallenge is largely based. This discussion could not avoid bearing onquestions such as the nature of consciousness, the interpretation ofontological realism, the relations (...)
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  • Collective Intentionality and the State Theory of Money.Georgios Papadopoulos - 2015 - Erasmus Journal for Philosophy and Economics 8 (2):1.
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  • Intentional Behaviorism Revisited.Gordon R. Foxall - 2008 - Behavior and Philosophy 36:113 - 155.
    The central fact in the delineation of radical behaviorism is its conceptual avoidance of propositional content. This eschewal of the intentional stance sets it apart not only from cognitivism but from other non-behaviorisms. Indeed, the defining characteristic of radical behaviorism is not that it avoids mediating processes per se but that it sets out to account for behavior without recourse to propositional attitudes. Based, rather, on the contextual stance, it provides definitions of contingency-shaped, rule-governed verbal and private behaviors which are (...)
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  • Präferenzen, Wohlergehen und Rationalität – Zu den begrifflichen Grundlagen des libertären Paternalismus und ihren Konsequenzen für seine Legitimierbarkeit.Andrea Klonschinski & Joachim Wündisch - 2016 - Zeitschrift Für Praktische Philosophie 3 (1):599-632.
    Der libertäre Paternalismus genießt in Politik, Wissenschaft und Öffentlichkeit eine große Popularität, die er insbesondere zwei Merkmalen verdankt: Erstens stützt sich der LP auf verhaltensökonomische Ergebnisse, die zeigen, dass individuelle Entscheidungen oft nicht der neoklassischen Rationalitätskonzeption entsprechen, sodass Individuen durch sogenanntes Nudging zu besseren, ihren wahren Präferenzen entsprechenden Entscheidungen verholfen werden könne. Zweites ist damit der Anspruch verbunden, das Wohlergehen der Individuen, wie sie selbst es verstehen, zu erhöhen. Dieser Beitrag zeigt anhand einer dogmengeschichtlichen Analyse der zentralen, dem LP zugrunde (...)
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  • The Individual in Mainstream Health Economics: A Case of Persona Non-Grata. [REVIEW]John B. Davis & Robert McMaster - 2007 - Health Care Analysis 15 (3):195-210.
    This paper is motivated by Davis’ [14] theory of the individual in economics. Davis’ analysis is applied to health economics, where the individual is conceived as a utility maximiser, although capable of regarding others’ welfare through interdependent utility functions. Nonetheless, this provides a restrictive and flawed account, engendering a narrow and abstract conception of care grounded in Paretian value and Cartesian analytical frames. Instead, a richer account of the socially embedded individual is advocated, which employs collective intentionality analysis. This provides (...)
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  • The Two Blades of Occam's Razor in Economics: Logical and Heuristic.Giandomenica Becchio - 2020 - Economic Thought 9 (1):1.
    This paper is part of the general debate about the need to rethink economics as a human discipline using a heuristic to describe its object, about the need to explicitly reject the positivistic approach in neoclassical economics, and about the urgency to adopt a different methodology, grounded on a realistic set of initial assumptions able to cope with the complexity of the decision making process. The aim of this paper is to show the use of Occam's razor in the economic (...)
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  • John B. Davis's Individuals and Identity in Economics. Cambridge : Cambridge University Press, 2011, 270pp. [REVIEW]Miriam Teschl - 2011 - Erasmus Journal for Philosophy and Economics 4 (2):74.
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  • Mark D. White's Kantian Ethics and Economics: Autonomy, Dignity, and Character. Stanford University Press, 2011, 288pp. [REVIEW]Nicolas Gravel - 2012 - Erasmus Journal for Philosophy and Economics 5 (1):112.
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  • Review of Yahya M. Madra’s Late Neoclassical Economics. The Restoration of Theoretical Humanism in Contemporary Economic Theory. New York: Routledge, 218 Pp. [REVIEW]Ramzi Mabsout - 2018 - Erasmus Journal for Philosophy and Economics 11 (1):107-116.
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  • Uncertainty and Identity: A Post Keynesian Approach.John B. Davis - 2010 - Erasmus Journal for Philosophy and Economics 3 (1):33-49.
    Marshall’s asset equilibrium model provides a way ofexplaining the identity of entrepreneurs. Keynes adopted this model buttransformed it when he emphasized the short-period and volatilecharacter of long-term expectations. This entails a view of entrepreneuridentity in which radical uncertainty plays a central role. This in turndeepens the post Keynesian view of uncertainty as ontological in thatentrepreneurs’ survival plays into their behavior. This paper exploresthis role-based view of individual identity and uses the analysis tocomment on Keynes’s ideas for the socialization of investment (...)
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  • Identity Problems: An Interview with John B. Davis.Thomas R. Wells & John B. Davis - 2012 - Erasmus Journal for Philosophy and Economics 5 (2):81-103.
    In this interview, professor Davis discusses the evolution of his career and research interests as a philosopher-economist and gives his perspective on a number of important issues in the field. He argues that historians and methodologists of economics should be engaged in the practice of economics, and that historians should be more open to philosophical analysis of the content of economic ideas. He suggests that the history of recent economics is a particularly fruitful and important area for research exactly because (...)
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  • Review of [ Maynard Keynes, An Economist's Biography by D. Moggridge]. [REVIEW]John Davis - 1994 - Economics and Philosophy 10 (2):359.
  • Economics and Political Economy Today: Introduction to the Symposium on Fine and Milonakis.Sam Ashman - 2012 - Historical Materialism 20 (3):3-8.
    Economics has long been the ‘dismal science’. The crisis in classical political economy at the end of the nineteenth century produced radically differing intellectual responses: Marx’s reconstitution of value theory on the basis of his dialectical method, the marginalists’ development of subjective value theory, and the historical school’s advocacy of inductive and historical reasoning. It is against this background that economics was established as a discrete academic discipline, consciously modelling itself on maths and physics and developing its focus on theorising (...)
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  • Ethical Considerations in Organizational Politics: Expanding the Perspective.George N. Gotsis & Zoe Kortezi - 2010 - Journal of Business Ethics 93 (4):497-517.
    The aim of this study is to contribute to a conceptualization of organizational politics that underscores the possibility of developing positive political behavior at the workplace. In this respect, we seek to provide a context of re-evaluating the normative foundations of organizational politics. Normative issues are critically discussed in the context of mainstream ethical theories that illuminate the interaction of ethics and political behavior. More specifically, it is argued that a deontological framework is of particular importance for the proper management (...)
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  • Hegel’s “Objective Spirit”, Extended Mind, and the Institutional Nature of Economic Action.Ivan A. Boldyrev & Carsten Herrmann-Pillath - 2013 - Mind and Society 12 (2):177-202.
    This paper explores the implications of the recent revival of Hegel studies for the philosophy of economics. We argue that Hegel’s theory of Objective Spirit anticipates many elements of modern approaches in cognitive sciences and of the philosophy of mind, which adopt an externalist framework. In particular, Hegel pre-empts the theories of social and distributed cognition. The pivotal elements of Hegelian social ontology are the continuity thesis, the performativity thesis, and the recognition thesis, which, when taken together, imply that all (...)
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  • Re-Thinking the Anthropological and Ethical Foundation of Economics and Business: Human Richness and Capabilities Enhancement.Benedetta Giovanola - 2009 - Journal of Business Ethics 88 (S3):431-444.
    This article aims at showing the need for a sound ethical and anthropological foundation of economics and business, and argues the importance of a correct understanding of human values and human nature for the sake of economics and of businesses themselves. It is suggested that the ethical-anthropological side of economics and business can be grasped by taking Aristotle’s virtue ethics and Amartya Sen’s capability approach (CA) as major reference points. We hold that an “Aristotelian economics of virtues”, connected with the (...)
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  • Different Approaches to the Financial Crisis.Sheila C. Dow - 2012 - Economic Thought 1 (1).
    The economic crisis has exposed shortcomings in standard economic theory and provided an impetus for new economic thinking. But the theoretical debate in the wake of the crisis has been unduly constrained by the terms of the mainstream approach to economic theory. Like any approach, it is characterised by a way of framing reality, giving meaning to terms and setting criteria for good argument. It also determines how any economic theory is understood, whether from the history of economic thought or (...)
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  • Social Identity Strategies in Recent Economics.John B. Davis - 2006 - Journal of Economic Methodology 13 (3):371-390.
    This paper reviews three distinct strategies in recent economics for using the concept of social identity in the explanation of individual behavior: Akerlof and Kranton's neoclassical approach, Sen's commitment approach and Kirman et al.'s complexity approach. The primary focus is the multiple selves problem and the difficulties associated with failing to explain social identity and personal identity together. The argument of the paper is that too narrow a scope for reflexivity in individual decision?making renders the problem intractable, but that enlarging (...)
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  • The Firm, Property Rights and Methodological Individualism: Some Lessons From J.S. Mill.Amos Witztum - 2012 - Journal of Economic Methodology 19 (4):339-355.
    In modern economics, the firm is a means of overcoming the inefficiencies generated by transaction costs and incomplete contracts. Its boundaries, therefore, are the means by which the efficiency of competition can be salvaged. Whether or not agents feel comfortable with the values which underlie various ownership structures remains outside this theory. Moreover, the working of different ownership structures is entirely based on the presumption that agents' motivation (as opposed to incentives) will remain constant. This, of course, is typical of (...)
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  • Individuals and Identity in Economics.Don Ross - 2012 - Journal of Economic Methodology 19 (4):446-451.
    Journal of Economic Methodology, Volume 19, Issue 4, Page 446-451, December 2012.
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