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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. 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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  3. Hayek's Epistemic Theory of Industrial Fluctuations.Scott Scheall - manuscript
    F.A. Hayek essentially quit economic theory and gave up the phenomena of industrial fluctuations as an explicit object of theoretical investigation following the publication of his last work in technical economics, 1941’s The Pure Theory of Capital. Nonetheless, several of Hayek’s more methodologically-oriented writings bear important implications for economic phenomena, especially those of industrial fluctuations. Decisions (usually, for Hayek, of a political nature) taken on the basis of a “pretence” of knowledge impede the operation of the price system’s belief-coordinating function (...)
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  4. Richard Cantillon, Banker and Economist.Murphey Antoine - forthcoming - Journal of Libertarian Studies.
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  5. The Marshall Plan in the European Struggle.Aa Berle - forthcoming - Social Research: An International Quarterly.
  6. 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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  7. On Aristotle's Natural Limit.C. Tyler DesRoches - forthcoming - History of Political Economy.
  8. On Some Antecedents of Behavioural Economics.Kristian Bondo Hansen & Thomas Presskorn-Thygesen - forthcoming - History of the Human Sciences:095269512110009.
    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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  9. Evolutionary Mechanisms of Choice: Hayekian Perspectives on Neurophilosophical Foundations of Neuroeconomics.Carsten Herrmann-Pillath - forthcoming - Economics and Philosophy:1-20.
    Hayek’s seminal contribution to theoretical neurosciences, The Sensory Order 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, (...)
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  10. Commentary on Keynes–II.Emil Lederer - forthcoming - Social Research: An International Quarterly.
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  11. Marshall Durbin and Michael Micklin.Contributions From Linguistics - forthcoming - Foundations of Language.
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  12. The New Political Economy.William C. Mitchell - forthcoming - Social Research: An International Quarterly.
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  13. Darwinism in Thorstein Veblen's Economics.Idus Murphree - forthcoming - Social Research: An International Quarterly.
  14. Commentary on Keynes–I.Hans Neisser - forthcoming - Social Research: An International Quarterly.
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  15. Keynes as an Economist.Hans Neisser - forthcoming - Social Research: An International Quarterly.
  16. The Political Ideas of John Marshall.Saul K. Padover - forthcoming - Social Research: An International Quarterly.
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  17. New Philosophical Perspectives on Scientific Progress.Yafeng Shan (ed.) - forthcoming - 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 concerning scientific progress have focused on different methodological approaches, notably the epistemic and semantic approaches. The chapters in Part I of the book defend these two traditional approaches, as well as the newly revived functional and newly developed understanding-based approaches. Part II features in-depth case studies of scientific progress from the history of science. (...)
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  18. Limitations of Keynesian Economics.William Vickrey - forthcoming - Social Research: An International Quarterly.
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  19. 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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  20. 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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  21. 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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  22. 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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  23. Models as ‘Analytical Similes’: On Nicholas Georgescu-Roegen's Contribution to Economic Methodology.Quentin Couix - 2021 - Journal of Economic Methodology 28 (2):165-185.
    This paper investigates the methodology of Nicholas Georgescu-Roegen and his conception of economic models as analytical similes. His approach has received little attention from mathematical econom...
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  24. 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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  25. The Helsinki Approach to Economic Methodology, or, How to Espouse the Mainstream?Aki Lehtinen - 2021 - Journal of Economic Methodology 28 (1):79-87.
    This paper provides metaphilosophical reflections on economic methodology by way of discussing the ‘Helsinki approach’. This approach combines the study of the practice of economics with an endeavo...
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  26. 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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  27. The Great Economist David Hume.Robert Sugden - 2021 - Journal of Economic Methodology 28 (3):336-339.
    2 February 2021David Hume is generally acknowledged as one of the greatest philosophers of all time – the author of ground-breaking contributions to moral philosophy, political philosophy, philosop...
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  28. 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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  29. 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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  30. 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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  31. 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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  32. 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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  33. Power as an Epistemological Obstacle: Walter Eucken’s Quest for an Interest-Proof Economic Science.Raphaël Fèvre - 2020 - Journal of Economic Methodology 27 (4):330-350.
    Walter Eucken’s methodological program is usually related to the search for a meaningful synthesis between the general-theoretical and the individual-historical aspects of economic life. Yet, overc...
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  34. A Con Artist or the Father of Revolutionary Ideas? James Forder’s Recent Book on Milton Friedman.Peter Galbács - 2020 - Journal of Economic Methodology 28 (2):250-253.
    James Forder, professor of political economy at Balliol College, University of Oxford, is one of the most well-known and distinguished figures in the contemporary historiography of economics. His p...
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  35. Crashed: How a Decade of Financial Crises Changed the World. Adam Tooze. New York, Viking, 2018.Emmanuel Guerisoli - 2020 - Constellations 27 (1):158-160.
  36. 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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  37. On the Recent Philosophy of Decision Theory.Ivan Moscati - 2020 - Journal of Economic Methodology 28 (1):98-106.
    In the philosophy of economics, the last fifteen years have witnessed an intense discussion about the epistemological status of economic models of decision making and their theoretical components,...
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  38. 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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  39. 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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  40. Explanatory Value in Context: The Curious Case of Hotelling’s Location Model.Emrah Aydinonat & Emin Köksal - 2019 - European Journal of the History of Economic Thought 26 (5):1-32.
    There is a striking contrast between the significance of Harold Hotelling’s contribution to industrial economics and the fact that his location model was invalid, unrealistic and non-robust. It is difficult to make sense of the explanatory value of Hotelling’s model based on philosophical accounts that emphasize logical validity, representational adequacy, and robustness as determinants of explanatory value. However, these accounts are misleading because they overlook the context within which the explanatory value added of a model is apprehensible. We present Hotelling’s (...)
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  41. 'From Each According to Ability; To Each According to Needs': Origin, Meaning, and Development of Socialist Slogans.Luc Bovens & Adrien Lutz - 2019 - History of Political Economy 51 (2):237-57.
    There are three slogans in the history of Socialism that are very close in wording, viz. the famous Cabet-Blanc-Marx slogan: "From each according to his ability; To each according to his needs"; the earlier Saint-Simon-Pecqueur slogan: "To each according to his ability; To each according to his works"; and the later slogan in Stalin’s Soviet Constitution: "From each according to his ability; To each according to his work." We will consider the following questions regarding these slogans: a) What are the (...)
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  42. Institutions and Evolution of Capitalism: Essays in Honour of Geoffrey M. Hodgson.David Gindis & Francesca Gagliardi (eds.) - 2019 - Cheltenham, UK: Edward Elgar.
    In just over 30 years, Geoff Hodgson has made substantial contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory. To mark his seminal work, this volume brings together original contributions by world-leading scholars in specific areas that have played a significant role in influencing his thinking or represent key debates to which he has contributed. Building on some of the most significant philosophical and methodological foundations underlying Hodgson's work, the volume is organised around (...)
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  43. Institutions and Evolution of Capitalism in Geoff Hodgson’s Work.David Gindis & Francesca Gagliardi - 2019 - In Institutions and Evolution of Capitalism: Essays in Honour of Geoffrey M. Hodgson. Cheltenham, UK: pp. 2-12.
    This article is the introductory chapter to a festschrift in honour of Geoff Hodgson. In work spanning four decades, Geoff Hodgson has made many path-breaking contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory more broadly. Hodgson’s reputation as a prolific and important writer, whose work transcends traditional disciplinary boundaries, is matched by his credentials as an academic entrepreneur, whose involvement in the formation of two international scholarly societies and the foundation of the (...)
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  44. The Ideological Matrix of Science: Natural Selection and Immunity as Case Studies.Agustin Ostachuk - 2019 - Cosmos and History: The Journal of Natural and Social Philosophy 15 (1):182-213.
    The modern concept of ideology was established by the liberal politician and philosopher Destutt de Tracy, with the objective of creating an all-embracing and general science of ideas, which followed the sensualist and empiricist trend initiated by Locke that culminated in the positivism of Comte. Natural selection and immunity are two key concepts in the history of biology that were strongly based on the Malthusian concept of struggle for existence. This concept wrongly assumed that population grew faster than the means (...)
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  45. The Many Lives of State Capitalism: From Classical Marxism to Free-Market Advocacy.Nathan Sperber - 2019 - History of the Human Sciences 32 (3):100-124.
    State capitalism has recently come to the fore as a transversal research object in the social sciences. Renewed interest in the notion is evident across several disciplines, in scholarship addressing government interventionism in economic life in major developing countries. This emergent field of study on state capitalism, however, consistently bypasses the remarkable conceptual trajectory of the notion from the end of the 19th century to the present. This article proposes an intellectual-historical survey of state capitalism’s many lives across different ensembles (...)
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  46. The Anti-Naturalistic Legacy of Menger and Mises.Piotr Szafruga - 2019 - Studies in Logic, Grammar and Rhetoric 57 (1):91-104.
    The article focuses on the anti-naturalism of Menger and Mises. It presents a methodological approach formulated by both scholars as stemming from epistemological anti-naturalism and demonstrating similarities to social phenomenology. The article also discusses the development of the anti-naturalistic perspective on the basis of Hayek’s conception of sensory order. The latter allowed addressing the problem of validity of methodological dualism and established a sound foundation for the methodological approach of the Austrian School of Economics.
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  47. Vanité, orgueil et self-deceit : l’estime de soi excessive dans la Théorie des Sentiments Moraux d’Adam Smith.Benoît Walraevens - 2019 - 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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  48. Hayek’s Vicarious Secularization of Providential Theology.Tim Christiaens - 2018 - Philosophy and Social Criticism 45 (1):71-95.
    Friedrich Hayek’s defense of neoliberal free market capitalism hinges on the distinction between economies and catallaxies. The former are orders instituted via planning, whereas the latter are spontaneous competitive orders resulting from human action without human design. I argue that this distinction is based on an incomplete semantic history of “economy.” By looking at the meaning of “oikonomia” in medieval providential theology as explained by Giorgio Agamben and Joseph Vogl, I argue how Hayek’s science of catallactics is itself a secularization (...)
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  49. On the Historical Roots of Natural Capital in the Writings of Carl Linnaeus.C. Tyler DesRoches - 2018 - In Luca Fiorito, Scott Scheall & Carlos Eduardo Suprinyak (eds.), Research in the History of Economic Thought and Methodology. Emerald Publishing Limited. pp. 103-117.
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  50. Introduction : la question des crises dans l’Antiquité.Véronique Chankowski - 2017 - Topoi 21 (1):147-149.
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1 — 50 / 823