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  1. A Hayekian Explanation of Hayek's 'Epistemic Turn'.Scott Scheall - 2015 - Economic Thought 4 (2):32.
    The present essay aims to account for F.A. Hayek's oft-noted 'turn' away from technical economics to concerns of a more philosophical nature. In particular, the paper seeks an explanatory principle that reconciles various elements of both continuity and discontinuity in Hayek's intellectual development, especially with respect to the evolution of his arguments concerning economic fluctuations. The essay uncovers such an explanatory principle in Hayek's own methodology of sciences of complex phenomena. According to this principle, an inquirer who confronts phenomena too (...)
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  2. Specialization as a disadvantage in literary criticism, from Tharoor versus Narayan.Terence Rajivan Edward - manuscript
    Specialization appears to be a more efficient way to achieve shared ends: you specialize in one task and I in another and we combine our efforts. Specialization in literature would seem to call for a divide between literary critics, who interpret and evaluate fictions, and fiction writers themselves. But such a divide is a disadvantage for assessing some claims made within literary criticism, notably that a certain style goes with a certain content.
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  3. Surrogacy: a letter to the Scottish nation?Terence Rajivan Edward - manuscript
    How old is the distinction between the genetic and the gestational parent? Anca Gheaus “suggests” it is quite new, but I believe people have made a distinction along these lines for centuries in their imaginations. I present a problem related to the distinction and to the Scottish enlightenment.
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  4. A specialization puzzle, philosophy of science, and Susan Carey.Terence Rajivan Edward - manuscript
    This paper proposes a solution to a puzzle regarding when people switch from one skilled area of specialization to another, in which they have had little training. Certain analogies between the previous area and the area switched to enable this. I use Susan Carey as an example.
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  5. The psychology of specialization and the origins of money.Terence Rajivan Edward - manuscript
    This paper raises a worry that it is difficult to reconcile Adam Smith’s claims about the relationship of specialization to talent and character with his account of the origins of money. Specialization makes one stupid outside of one’s specialism yet money arises by specialists also providing what everyone wants.
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  6. Salvador Dali: a tactical advantage of less specialization.Terence Rajivan Edward - manuscript
    The Scottish economist Adam Smith recommends specialization, but Salvador Dali was not very specialized: he painted, wrote books, acted, sang, and made films. In this paper, I draw attention to a tactical advantage of not specializing for Dali, when faced with various challenges.
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  7. Chapter one’s dreams: the paradox of the specialist on specialization.Terence Rajivan Edward - manuscript
    This brief paper presents a problem: the specialist on specialization must seek to know the value of specialization across different fields, but that would seem to make them non-specialized. I also propose solutions.
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  8. What is a generalist? Two approaches.Terence Rajivan Edward - manuscript
    I contrast two approaches to defining a generalist, as opposed to a specialist: one from the specialist’s point of view and another while starting from a paradigm case of a generalist.
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  9. Salvador Dali versus Specialization III: his conception of genius.Terence Rajivan Edward - manuscript
    In Salvador Dali’s Diary of a Genius, his conception of a genius, or concept perhaps, is different from a genius is an inspired specialist. From any piece of personal data about someone, one can infer whether they are a genius or not, given a full grasp of the distinction. I raise a puzzle about his conception.
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  10. Chapter one of Adam Smith’s The Wealth of Nations again: a pin factory assumption.Terence Rajivan Edward - manuscript
    This paper argues that Adam Smith’s attempt to use the pin factory example to illustrate a general phenomenon – the value of the division of labour – seems to depend on an assumption. Put simply, the assumption is that the skills and knowledge involved in one task are not relevant to doing another task, or if they are relevant they would just be developed by specializing in the other task.
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  11. The advice to become a narrow specialist: two personal worries.Terence Rajivan Edward - manuscript
    There are philosophers and literary figures who write on a variety of topics. I suppose I do as well. Here I present two personal worries about the advice to become a narrow specialist.
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  12. The other economics essay competition: why no Amartya Sen?Terence Rajivan Edward - manuscript
    Amartya Sen has recently told us how he feels he has not yet made his mark as an economist. I notice that he is strangely not named in the background information to an essay competition. It concerns why some nations are wealthy and others poor, names other economists, and even discusses freedom and capabilities. Here I address the question of why Sen is absent and, more generally, at risk of devaluation.
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  13. More on specialization and literature: the Scottish heritage and Christmas books.Terence Rajivan Edward - manuscript
    Adam Smith’s vision of fields of narrow specialists seems incompatible with the singly authored pastiche book: one which imitates a variety of styles. Furthermore, at least one pastiche book takes inspiration from another notable Scottish figure, raising a question of the consistency of the Scottish heritage. I draw attention to the suggested solution.
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  14. The problematic apprentice problem for specialization.Terence Rajivan Edward - manuscript
    Adam Smith recommends specialization but I present a problem of when you are stuck with a certain apprentice but they don’t seem suited to your specialism. If you were less specialized or more versatile, you could solve the problem.
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  15. Richard Cantillon, Banker and Economist.Murphey Antoine - forthcoming - Journal of Libertarian Studies.
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  16. The Sure-Thing Principle.Jean Baccelli & Lorenz Hartmann - forthcoming - Journal of Mathematical Economics.
    The Sure-Thing Principle famously appears in Savage’s axiomatization of Subjective Expected Utility. Yet Savage introduces it only as an informal, overarching dominance condition motivating his separability postulate P2 and his state-independence postulate P3. Once these axioms are introduced, by and large, he does not discuss the principle any more. In this note, we pick up the analysis of the Sure-Thing Principle where Savage left it. In particular, we show that each of P2 and P3 is equivalent to a dominance condition; (...)
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  17. The Marshall Plan in the European struggle.Aa Berle - forthcoming - Social Research: An International Quarterly.
  18. Kuhn vs. Popper by way of Lakatos and the Cold War.Lawrence Boland - forthcoming - Journal of Economic Methodology.
    David Hume’s Treatise on Human Nature famously fell `deadborn from the press’ because it was too far ahead of its time. Basu’s book is one of a number published in recent years that suggest we are at last ready to put its precepts into action.1 Modern game theory provides a framework that makes Hume’s insights genuinely applicable, and I totaly agree with Basu that this is not only the right way forward, but that it now looksincreasingly likely that this is (...)
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  19. On Aristotle's Natural Limit.C. Tyler DesRoches - forthcoming - History of Political Economy.
  20. Commentary on keynes–II.Emil Lederer - forthcoming - Social Research: An International Quarterly.
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  21. Marshall Durbin and Michael Micklin.Contributions From Linguistics - forthcoming - Foundations of Language.
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  22. The new political economy.William C. Mitchell - forthcoming - Social Research: An International Quarterly.
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  23. Darwinism in Thorstein Veblen's economics.Idus Murphree - forthcoming - Social Research: An International Quarterly.
  24. Commentary on keynes–I.Hans Neisser - forthcoming - Social Research: An International Quarterly.
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  25. Keynes as an Economist.Hans Neisser - forthcoming - Social Research: An International Quarterly.
  26. The Political Ideas of John Marshall.Saul K. Padover - forthcoming - Social Research: An International Quarterly.
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  27. Complexity, Policymaking, and The Austrian Denial of Macroeconomics.Scott Scheall - forthcoming - In Bert Tieben, Victoria Chick & Jesper Jespersen (eds.), Routledge Handbook of Macroeconomic Methodology. Milton Park, Abingdon-on-Thames, Oxfordshire, England, UK: Routledge.
    Economists associated with the Austrian School of Economics are known to deny the value of macroeconomics as descended from the work of John Maynard Keynes and, especially, his followers. Yet, Austrian economists regularly engage in a related scientific activity: theorizing about the causes and consequences of economic fluctuations, i.e., the business cycle. What explains the Austrians’ willingness to engage in theorizing about the business cycle while denying the scientific import of macroeconomics? The present paper argues that the methodological precepts of (...)
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  28. Limitations of Keynesian economics.William Vickrey - forthcoming - Social Research: An International Quarterly.
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  29. Hermeneutics and phenomenology in the social sciences: lessons from the Austrian School of Economics case.Gabriel J. Zanotti, Agustina Borella & Nicolás Cachanosky - forthcoming - The Review of Austrian Economics.
    We study a case that applies hermeneutics to social sciences, in particular to the Austrian School of economics. We argue that an inaccurate treatment of hermeneutics contributed to an epistemological downgrade of the Austrian School in the economic scientific community. We discuss hoe this shortcoming can be fixed and how a proper hermeneutic application to the Austrian school explains why this school of thought is neither positivist nor postmodern.
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  30. On some antecedents of behavioural economics.Kristian Bondo Hansen & Thomas Presskorn-Thygesen - 2022 - History of the Human Sciences 35 (3-4):58-83.
    Since its inception in the late 1970s, behavioural economics has gone from being an outlier to a widely recognized yet still contested subset of the economic sciences. One of the basic arguments in behavioural economics is that a more realistic psychology ought to inform economic theories. While the history of behavioural economics is often portrayed and articulated as spanning no more than a few decades, the practice of utilizing ideas from psychology to rethink theories of economics is over a century (...)
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  31. When the “realism of assumptions” mattered: Milton Friedman's critique of the Phillips curve.Marcos Picchio - 2022 - Studies in History and Philosophy of Science Part A 94 (C):8-16.
    In this paper I challenge the pernicious aspects of Milton Friedman's methodological outlook that continues to hold sway over mainstream neoclassical economists. I do this by showing how Friedman's own methodological dicta could have been used against him when he famously advanced the expectations critique of the Phillips curve at his presidential address to the American Economic Association. I use this case study to further suggest that psychological and neurophysiological data should not be deemed irrelevant to economic science.
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  32. New Philosophical Perspectives on Scientific Progress.Yafeng Shan (ed.) - 2022 - New York: Routledge.
    This collection of original essays offers a comprehensive examination of scientific progress, which has been a central topic in recent debates in philosophy of science. Traditionally, debates over scientific progress have focused on different methodological approaches, notably the epistemic and semantic approaches. The chapters in Part I of the book examine these two traditional approaches, as well as the newly revived functional and newly developed noetic approaches. Part II features in-depth case studies of scientific progress from the history of science. (...)
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  33. Book review of Frank Ramsey: A Sheer Excess of Powers by Cheryl Misak. [REVIEW]Jean Baccelli - 2021 - History of Political Economy 53: 949-951.
    A book review of Frank Ramsey: A Sheer Excess of Powers, by Cheryl Misak (OUP, 2020).
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  34. A science of concord: the politics of commercial knowledge in mid-eighteenth-century Britain.Jon Cooper - 2021 - Intellectual History Review 31 (2).
    This article recovers mid-century proposals for sciences of concord and contextualizes them as part of a broader politics of commercial knowledge in eighteenth-century Britain. It begins by showing how merchants gained authority as formulators of commercial policy during the Commerce Treaty debates of 1713–1714. This authority held fast during the Walpolean oligarchy, but collapsed by the 1740s, when lobbying and patronage were increasingly maligned as corrupt by a ferment of popular republicanism. The article then explores how the Anglican cleric Josiah (...)
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  35. Credit and the Problem of Trust in the Thought of John Locke, c. 1668-1704.Jon Cooper - 2021 - Historical Journal 64 (2):211-232.
    This article presents a reinterpretation of John Locke's contribution to debates about the interest rate in the seventeenth century. It suggests that his argument that England should maintain the ‘natural’ rate, rather than impose a lower rate, was motivated by his theological, moral, and social conceptions of credit and its dependence on trust. In order to solve the endemic shortage of metal coin limiting the growth of monetary exchange in England, Locke stressed that the higher, ‘natural’ rate of interest would (...)
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  36. David Ricardo: An Intellectual Biography.Sergio Cremaschi - 2021 - Abingdon: Routledge.
    "David Ricardo has been acclaimed - or vilified - for merits he would never have dreamt of, or sins for which he was entirely innocent. Entrenched mythology labels him as a utilitarian economist, an enemy of the working class, an impractical theorist, a scientist with 'no philosophy at all' and the author of a formalist methodological revolution. Exploring a middle ground between theory and biography, this book explores the formative intellectual encounters of a man who came to economic studies via (...)
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  37. Evolutionary mechanisms of choice: Hayekian perspectives on neurophilosophical foundations of neuroeconomics.Carsten Herrmann-Pillath - 2021 - Economics and Philosophy 37 (2):284-303.
    Hayek’s seminal contribution to theoretical neurosciences,The Sensory Order(1952) remains neglected in current efforts at integrating the neurosciences, psychology and economics. I defend the view that Hayek presents the case for an evolutionary alternative to leading paradigms in the field and look at two in more detail: the good-based model in neuroeconomics and the dual systems approach in behavioural economics. In both cases, essential Hayekian insights remain valid in the context of modern neuroscience, allow for taking account of recent research, and (...)
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  38. Determinism, free will, and the Austrian School of Economics.Dawid Megger - 2021 - Journal of Economic Methodology 28 (3):304-321.
    In this paper I analyse the problem of free will and determinism as it pertains to the Austrian School of Economics. I demonstrate that despite the fact they subscribe to the concept of causality,...
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  39. Marx's Argument for the Labor Theory of Value.Gregory Slack - 2021 - Review of Radical Political Economics 53 (1):143-156.
    In a Times Literary Supplement review of some recent literature on Marx and Marxism for a general readership, Jonathan Wolff claimed that Marx’s solution to the so-called “transformation problem” is “half-baked.” The aim of this paper is to challenge this complacent dismissal of some of Marx’s central economic ideas. In the process, I want to show that although the issues here are subtle and complex, Marx’s ideas retain a great deal of intuitive appeal, and his “solution” to the so-called “transformation (...)
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  40. Property, the environment, and the Lockean Proviso.Bas van der Vossen - 2021 - Economics and Philosophy 37 (3):395 - 412.
    It is common to posit a clear opposition between the values served by property systems and the value of the environment. To give the environment its due, this view holds, the role of private property needs to be limited. Support for this has been said to be found in Locke’s famous ‘enough and as good’ proviso. This article shows that this opposition is mistaken, and corrects the implied reading of Locke’s proviso. In reality, there is no opposition between property and (...)
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  41. Entrepreneurial beleifs and agency under Knightian uncertainty.Randall Westgren & Travis Holmes - 2021 - Philosophy of Management 22 (2):199-217.
    At the centenary of Frank H. Knight’s Risk, Uncertainty, and Profit (1921), we explore the continuing relevance of Knightian uncertainty to the theory and practice of entrepreneurship. There are three challenges facing such assessment. First, RUP is complex and difficult to interpret. The key but neglected element of RUP is that Knight’s account is not solely about risk and uncertainty as states of nature, but about how an agent’s beliefs about uncertain outcomes and confidence in those beliefs guide their choices. (...)
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  42. Econophysics: making sense of a chimera.Adrian K. Yee - 2021 - European Journal for Philosophy of Science 11 (4):1-34.
    The history of economic thought witnessed several prominent economists who took seriously models and concepts in physics for the elucidation and prediction of economic phenomena. Econophysics is an emerging discipline at the intersection of heterodox economics and the physics of complex systems, with practitioners typically engaged in two overlapping but distinct methodological programs. The first is to export mathematical methods used in physics for the purposes of studying economic phenomena. The second is to export mechanisms in physics into economics. A (...)
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  43. Review of Rob Bryer, Accounting for Value in Marx’s Capital: The Invisible Hand. [REVIEW]Michael Broz - 2020 - Analecta Hermeneutica 12 (1):1-7.
    Marxism has found its home in the academic world in various disciplines: economics, philosophy, sociology, and political science. An under-appreciated area is Marxist accounting. At first, this seems like a rather strange field in which to develop the theories of Marxism, but Rob Bryer, in his book Accounting for Value in Marx’s Capital: The Invisible Hand, has brought attention to Marxist accounting and its necessity for understanding Marxist theory. This is relevant not only to those who study accounting but to (...)
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  44. Wine and bottles. Some remarks on “The Two Blades of Occam's Razor in Economics: Logical and Heuristic” by Giandomenica Becchio.Peter Cserne - 2020 - Economic Thought 9 (1):18.
    Read Giandomenica Becchio's original paper “The Two Blades of Occam's Razor in Economics: Logical and Heuristic”...
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  45. Crashed: How a decade of financial crises changed the world. Adam Tooze. New York, Viking, 2018.Emmanuel Guerisoli - 2020 - Constellations 27 (1):158-160.
  46. Mathematical Analysis as a Source of Mainstream Economic Ideology.Vlassis Missos - 2020 - Economic Thought 9 (1):72.
    The paper contends that neoclassical ideology stems, to a great extent, from mathematical analysis. It is suggested that mainstream economic thought can be comprehensively revisited if both histories of mathematical and economic thought are to be taken collaboratively into account. Ideology is understood as a 'social construction of reality' that prevents us from evaluating our own standpoint, and impedes us from realising our value judgments as well as our theories of society and nature. However, the mid-19th century's intellectual controversies about (...)
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  47. The Self According to Others: Explaining Social Preferences with Social Approbation.Oswin Kruger Ruiz - 2020 - Economic Thought 9 (2):38.
    In past decades, significant work in behavioural economics has decisively revealed the limitations of the human agency model known as Homo Economicus, whereby humans are purely driven by material self-interest. These behavioural findings are, however, far from integrated in mainstream economic theory, which builds heavily on the neoclassical tradition. Unbeknown to modern economics, Bernard Mandeville and Adam Smith already proposed a richer model of human agency in which choices also depend on the desire for social approbation. The social approbation mechanism (...)
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  48. F. A. Hayek and the Epistemology of Politics: The Curious Task of Economics.Scott Scheall - 2020 - London: Routledge.
    "F. A. Hayek and the Epistemology of Politics is an exploration of an important problem that has largely been ignored: the problem of policymaker ignorance, and the limits of political epistemology. Scott Scheall explores Hayek's attitude to the philosophy of science and political philosophy, arguing that Hayek defended a philosophy of science that implied certain potential dangers of politicized science, and that his political philosophy established the potential dangers of misapplying scientific methods and results to matters of public policy. The (...)
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  49. Karl Menger’s Unfinished Biography of His Father: New Insights into Carl Menger’s Life Through 1889.Reinhard Schumacher & Scott Scheall - 2020 - In Research in the History of Economic Thought and Methodology, Volume 38B.
    During the last years of his life, the mathematician Karl Menger worked on a biography of his father, the economist and founder of the Austrian School of Economics, Carl Menger. The younger Menger never finished the work. While working in the Menger collections at Duke University’s David M. Rubenstein Rare Book and Manuscript Library, we discovered draft chapters of the biography, a valuable source of information given that relatively little is known about Carl Menger’s life nearly a hundred years after (...)
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  50. Vanité, orgueil et self-deceit : l’estime de soi excessive dans la Théorie des Sentiments Moraux d’Adam Smith.Benoît Walraevens - 2020 - Revue de Philosophie Économique 20 (2):3-39.
    This paper studies how in his Theory of Moral Sentiments Adam Smith answered to Mandeville on the role of pride and vanity in the economic and social dynamics of commercial societies. We show why vanity supersedes pride in his analysis and how he offers a more positive view of these two passions. We study in particular the economic and social consequences of pride and vanity and describe the psychological foundations of excessive self-esteem that these passions entail.
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