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Economics and Other Disciplines: Assessing New Economic Currents: Routledge Advances in Social Economics

Autor Ricardo F. Crespo
en Limba Engleză Paperback – 30 sep 2020
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.
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Specificații

ISBN-13: 9780367667818
ISBN-10: 0367667819
Pagini: 184
Dimensiuni: 156 x 234 mm
Greutate: 0.34 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Advances in Social Economics

Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate and Undergraduate

Cuprins

1 Introductory overview





2 The theoretical and metaphysical foundations of sciences


The metaphysical worldview


Physicalism, materialism and naturalism


Practical and instrumental reason


The evolution of economics


Conclusion





3 Economics and psychology


Herbert Simon and ‘Bounded Rationality’


The ‘Ecological Rationality’ or ‘Frugal Heuristics’ approach


Modern Behavioral Economics (MBE)


Libertarian Paternalism


Conclusion





4 Evolutionary economics


Richard Nelson on ‘Universal Darwinism’


Geoffrey Hodgson on ‘Universal Darwinism’


Ulrich Witt, evolution and Darwinism


Conclusion: Evolutionary economics and practical reason





5 Neuroeconomics


The metaphysics of neurosciences


Types of physicalism and dualism


Looking for alternative explanations for non-physicalists


The metaphysics of neuroeconomics


Conclusion





6 Happiness economics


Happiness and economics


Different concepts of happiness


Flourish, calling and flow


Measuring flourishing


Conclusion





7 Institutional economics


Economics and institutions


Agency, habits and institutions in light of classical practical reason


Thorstein Veblen


Contemporary economic theories of institutions


Rule Theory


Equilibrium Theory


Constitutive Rules Theory


Conclusion





8 The Capability Approach


Introducing the Capability Approach


Some problems in Sen’s CA


Identification of valuable capabilities: the debate over lists of capabilities


Heterogeneity and incommensurability


Conclusion





9 Civil Economy


Historical and intellectual roots of Civil Economy: from Aristotle to Genovesi and Dragonetti


From Aristotle to nowadays


Conclusion





10 Conclusion

Notă biografică

Ricardo F. Crespo is a Professor of Philosophy of Economics in IAE (Universidad Austral) and in Universidad Nacional de Cuyo, Argentina. He is a researcher at the National Council of Scientific Research (CONICET, Argentina) and has published extensively in his field.

Descriere

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, br