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Economics as Moral Science

✍ Scribed by Prof. Bernard Hodgson (auth.)

Publisher
Springer-Verlag Berlin Heidelberg
Year
2001
Tongue
English
Leaves
395
Series
Studies in Economic Ethics and Philosophy
Edition
1
Category
Library
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✦ Synopsis

Economics as Moral Science investigates the problem of the ethical neutrality of "mainstream" economic theory within the context of the methodology of economics as a science. Against the conventional wisdom, the author argues that there are serious moral presuppositions to the theory, but that economics could still count as a scientific or rational form of inquiry. The basic questions addressed - the ethical implications of economics, its status as a scientific mode of theory-construction, and the relation between these factors - are absolutely fundamental ones for an understanding of contemporary economics, the philosophy of the human sciences, and our current market culture. Moreover, the study provides a thorough philosophical analysis of the critical issues at stake from the inside, from the credible perspective of a particular, but foundational economic theory - the neoclassical theory of rational choice.

✦ Table of Contents

Front Matter....Pages I-XIV
Introduction....Pages 1-5
Theory-Construction in Economic Science....Pages 6-29
Rationality, Values, and Economic Theory....Pages 30-36
The Intransigence of Evaluative Concepts....Pages 37-48
The Ethical Content of β€œFormal” Structures....Pages 49-78
Teleology and Utilitarian Economics....Pages 79-96
Functionalism and the β€œSystems Approach”....Pages 97-118
Reasons, Causes, and Economic Methodology....Pages 119-140
Justification, Obligation, and Consumer Motivation....Pages 141-156
The Problems Related....Pages 157-171
Essential Statements and Holisitic Theory....Pages 172-190
Economic Uncertainty and Logical Structure....Pages 191-217
Economic Uncertainty and Consumer Autonomy....Pages 218-244
From Normative Theory to Empirical Science....Pages 245-261
Neo-classical Economics and Scientific Utopias....Pages 262-275
Neo-classical Economics and the Rational Justifiability of Moral Principles....Pages 276-304
Conclusion....Pages 305-310
Back Matter....Pages 311-382

✦ Subjects

Economics general; Philosophy

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