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Philosophy of Economics.
Title:
Philosophy of Economics.
Author:
Gabbay, Dov M.
ISBN:
9780080930770
Personal Author:
Physical Description:
1 online resource (929 pages)
Series:
Handbook of the Philosophy of Science
Contents:
FrontCover -- Philosophy of Economics -- Copyright -- Dedication -- General Preface -- Contents -- Preface -- Contributors -- Part A : General Philosophical Themes -- Realism and Antirealism about Economics -- 1 Introduction -- 2 Scientific Realism in Conventional Philosophy of Science -- 3 Ingredients of a Minimal Scientific Realism -- 4 Commonsensibles and Their Modifications in Economic Modelling -- 5 Social Construction (What?) of What? -- 6 Conclusion -- Bibliography -- The Rise and Fall of Popper and Lakatos in Economics -- 1 Introduction -- 2 Early Engagements with Popper -- 3 Lakatos and The Emergence of Economic Methodology -- 4 The Movement From Popper and Lakatos -- 5 Appraising Economic Theories -- 6 Methodology After Lakatos -- 7 Conclusions -- Acknowledgements -- Bibliography -- Models and Modelling in Economics -- 1 Introduction -- 2 Nature of Economic Models -- 3 Working with Models -- 4 Conclusions: From Models to Modelling -- Acknowledgements -- Bibliography -- Economic Theory and Causal Inference -- 1 Reductionist and Structuralist Accounts of Causality -- 2 Structual Estimation and Causality -- 3 The Assault on Macroeconometric Models -- 4 Inferring Causes from Interventions -- 5 Graph-Theoretic Accounts of Causal Structure -- 6 A Synthetic Program for Uncovering the Causal Structure of Vars -- Bibliography -- Naturalism and The Nature of Economic Evidence -- 1 Naturalism and Evidence -- 2 Nonexperimental Evidence -- 3 Experimental Evidence -- 4 Evidence and Unrealistic Causal Models -- Conclusion -- Bibliography -- Some Issues Concerning The Nature of Economic Explanation -- 1 Some Controversies About Explanation -- 2 Formal Criteria For Explanation in Economics -- 3 Theoretical Entities and Explanation -- 4 When Do Models Explain? -- 5 Macro and Microexplanation -- 6 Functional Explanation and Evolutionary Economics.

7 The Nature of Economic Causes -- 8 Conclusion -- Bibliography -- The Unreasonable Efficacy of Mathematics in Modern Economics -- 1 The Classical Arguments -- 2 The Role and Functions of Mathematics in Neoclassical Economics -- 3 Post-1980 Developments in Alternative Possibilities for Mathematical Formalization in Economics -- 4 A Revival of Philosophy of Mathematics for Economics? -- Bibliography -- Feminist Philosophy of Economics -- Introduction -- What Makes an Economic Inquiry Feminist? -- Is Rational Choice Theory Androcentric? -- Values and Objectivity in Economics -- "Critical Realism:" A Contested View in Feminist Philosophy of Economics -- Conclusion -- Bibliography -- The Positive-Normative Dichotomy and Economics -- 1 Introduction to The Positive-Normative Dichotomy -- 2 The History of The Positive-Normative Dichotomy in Economics -- 3 Normative and Ethically Normative -- 4 The Entanglement of Positive and (Ethically) Normative -- 5 Conclusion -- Acknowledgements -- Bibliography -- Economic Theory, Anti-Economics, and Political Ideology -- 1 Introduction -- 2 Anti-Economists and Markets -- 3 Economic Theory and The Normative Status of The Market -- 4 Non-Ideological Economics -- Bibliography -- Social Scientific Naturalism and Experimentation in Economics -- 1 Is Game Theory Testable? -- 2 Difficulties in Testing Game Theory -- 3 Determining Preferences -- 4 The Implications of Preference Complexities -- 5 Some Implications for Social Scientific Naturalism -- 6 Conclusions -- Acknowledgements -- Bibliography -- Part B : Specific Methods, Theories, Approaches, Paradigms, Schools, Traditions -- The Philosophy of Economic Forecasting -- 1 Introduction -- 2 Prerequisites -- 3 Forecasting, Prediction, and Economics -- 4 The Purpose of Economics -- 5 Philosophical Questions -- 6 Causality and Control -- Bibliography.

Philosophy of Econometrics -- 1 Introduction -- 2 Relevant Philosophical/Methodological Issues -- 3 Philosophy of Science and Empirical Modeling -- 4 Statistical Inference and Its Foundational Problems -- 5 Error-Statistics (E-S) and Inductive Inference -- 6 Statistical Adequacy and The Reliability of Inference -- 7 Philosophical/Methodological Issues Pertaining to Econometrics -- 8 Summary and Conclusions -- Acknowledgements -- Bibliography -- Measurement in Economics -- 1 The Representational Theory of Measurement -- 2 Axiomatic Representational Theory of Measurement -- 3 Empirical Representational Theory of Measurement -- 4 Instrument Measurement -- 5 Reliable Measurement Results -- 6 Economic Modeling -- Acknowledgements -- Bibliography -- Geographical Economics and Its Neighbours - Forces Towards and Against Unification -- 1 Introduction -- 2 Geographical Economics and Its Neighbours -- 3 Explanatory Unification -- 4 Intra-Disciplinary Unification of Location, Trade and Growth -- 5 Inter-Disciplinary Unification: Economics Imperialism -- 6 Unrealistic Assumptions, Idealizations and Explanatory Power -- 7 Concluding Remarks -- Acknowledgements -- Bibliography -- The Homo Economicus Conception of The Individual: An Ontological Approach -- 1 Existence as a Category of Investigation -- 2 What Exists in Economics? -- 3 The Homo Economicus Conception of the Individual -- 4 The Problem of Multiple Selves -- 5 Three Precursor Social Identity Arguments -- 6 Recent Social Identity Arguments -- 7 The Conception of The Individual in Recent Economics -- Bibliography -- Rational Choice and Some Difficulties for Consequentialism -- 1 Introduction -- 2 Transitivity -- 3 Independence -- 4 Difficulties with The Formalisation of Non-Dictatorship -- 5 The Identification Problem -- 6 Summary -- Bibliography.

Rational Choice, Preferences Over Actions and Rule-Following Behavior -- 1 Introduction -- 2 Rationality Principle and Rationality Hypotheses in Economics -- 3 Adjusting the Utility Function -- 4 Preferences Over Actions and Rule Following -- 5 The Rationale of Rule-Following Behavior -- 6 The Explanation of Rule-Following Behavior -- 7 Conclusion -- Acknowledgements -- Bibliography -- Philosophy of Game Theory -- 1 Introduction -- 2 Some Basic Concepts -- 3 Game Theory as a Normative Theory Of Rationality -- 4 Game Theory as a Predictive Theory -- 5 Conclusion -- Bibliography -- An Embarrassment of Riches: Modeling Social Preferences in Ultimatum Games -- 1 Social Preferences -- 2 Analysis Based on Bug -- 3 Variants to Bug -- 4 Conclusion -- Bibliography -- Experimentation in Economics -- 1 Introduction -- 2 Theory and Experiment -- 3 Experimental Inferences -- 4 External Validity -- 5 The Philosophical Relevance of Experimental Economics' Results -- 6 Other Issues and Readings -- Acknowledgements -- Bibliography -- Behavioral Economics -- 1 Introduction -- 2 The Intellectual Backdrop -- 3 Psychological Approaches During The Late Neoclassical Period -- 4 The "New" Behavioral Economics -- 5 The Methods of Behavioral Economics -- 6 Current Directions -- 7 Conclusion -- Acknowledgements -- Bibliography -- The Economic Agent: Not Human, But Important -- 1 Introduction -- 2 Economic Agency -- 3 Animal Agents -- 4 The Heartland of Economics -- 5 Behavioral Economics and Neuroeconomics: The Molar and The Molecular -- 6 People as Coordinating Equilibria -- Bibliography -- Ontological Issues in Evolutionary Economics: The Debate Between Generalized Darwinism and The Continuity Hypothesis -- Introduction -- Conclusions -- Bibliography -- Public Choice: A Methodological Perspective -- Introduction and Overview -- 1 Homo Oeconomicus Goes Politics.

2 Normative Public Choice -- Conclusions -- Bibliography -- Judgment Aggregation: A Short Introduction -- 1 Introduction -- 2 A Problem of Majority Inconsistency -- 3 The Basic Model of Judgment Aggregation -- 4 A General Impossibility Result -- 5 Avoiding the Impossibility -- 6 The Relationship to Other Aggregation Problems -- 7 Concluding Remarks -- Acknowledgements -- Bibliography -- The Economics of Scientific Knowledge -- 1 The Idea of an Economics of Scientific Knowledge -- 2 The Optimisation Paradigm -- 3 Epistemic Utility Approaches -- 4 The Exchange Paradigm -- 5 Social Mechanisms for Knowledge Production -- Acknowledgements -- Bibliography -- Index of Names -- General Index.
Abstract:
Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK; Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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