Economics as Moral Science

Передня обкладинка
Springer Science & Business Media, 2001 - 380 стор.
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.
 

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Зміст

Introduction
1
TheoryConstruction in Economic Science
6
1 Verification and Idealization
9
2 Explanation and Necessary Truth
15
3 Necessary Generalizations and Corrigibility
25
Rationality Values and Economic Theory
30
2 Rationality and ValueAscriptions
32
The Intransigence of Evaluative Concepts
37
Essential Statements and Holisitic Theory
170
2 WellBehaved Orderings and WellBehaved Individuals
173
Wellbehaved Individuals and the Common Good
175
4 Wellbehaved Orderings and the Common Good
178
5 Empirical Realism and Mathematical Rigour
183
6 Microeconomics and the QuineDuhem Thesis
185
Economic Uncertainty and Logical Structure
189
2 Uncertainty and Necessary Truth
195

1 Excising Evaluative Concepts
38
2 Explanatory Impoverishment
41
3 Loss of Normative Applicability
44
The Ethical Content of Formal Structures
49
1 Maximizing and Moral Options
51
2 Liberal or Illiberal Growth Ethic
54
3 Consumer Consistency and its Value
56
Rationality and Virtue
69
Teleology and Utilitarian Economics
79
1 Utilitarianism and the Reduction of Purposive Explanations
80
2 Mechanistic Confusions
85
3 Ethical and Psychological Hedonism
87
A Thought Experiment
90
Functionalism and the Systems Approach
97
2 Functional Explanations and ValueLaden Theories
98
Mechanism and Systems Theory
100
Explanatory Adequacy
105
Normative Adequacy
112
Reasons Causes and Economic Methodology
117
2 Necessary Connections Causality and Action
120
3 Rational Causality Deliberation and Intentional Systems
129
4 Deliberation and Ethical Conservativism
133
S Marx Mill and Eternal Laws
136
Justification Obligation and Consumer Motivation
139
1 Reasons Norms and Motivations
141
Economic Rules and Psychological Sanctions
147
Mills Proof
151
Chapter 10 The Problems Related
155
2 Normative Idealization and Necessary Truth
158
Myrdal
163
4 Ideal Facts
167
Maximizing and Satisficing
197
4 Maximizing and Regret Theory
209
Economic Uncertainty and Consumer Autonomy
216
Market Knowledge and Spontaneous Order
217
2 Consumer Sovereignty and Epistemic Individualism
220
3 Product Complexity and Information Vector
224
4 Inverting the Frame
229
Akrasia and SelfDeception
231
6 Autonomy and Adaptation
234
7 Autonomy and Paternalism
236
From Normative Theory to Empirical Science
243
1 Converting Economic Norms into Economic Facts
244
2 Methodological Implications
248
3 The Regulative Primacy of ValueJudgments
251
4 An Empiricist Rejoinder
254
5 Empiricism or PostEmpiricism?
255
Neoclassical Economics and Scientific Utopias
260
Reporting and Prescribing Values
262
3 Testing an Economic Utopia
266
Neoclassical Economics and the Rational Justifiability of Moral Principles
274
2 Noncognitivism and Moral Arguments
275
Hume
282
The Link with Neoclassical Economics
285
5 Rationality and Basic Motivating States
288
6 Rational Ends and Moral Science
296
Conclusion
303
Notes
309
References
355
INDEX
372
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