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  1. added 2019-09-27
    La herencia newtoniana en la economía política del siglo XVIII.Sergio Volodia Marcello Cremaschi - 1998 - In Alberto Elena, Javier Ordóñez & Mariano Colubi (eds.), Después de Newton: ciencia y sociedad durante la Primera Revolución Industrial. Barcelona: Anthropos. pp. 77-101.
    The chapter reconstructs the developments of a basic idea, namely the physical-moral analogy, in the works of the Scottish Enlighteners. The opposition of a 'Newtonian' to a 'Cartesian' approach yields the program of an 'experimental' moral science. This program, in turn, was never implemented but yielded nonetheless an unintended result the shaping of political economy as an empirical science, distinguished to a point from moral philosophy and theology.
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  2. added 2019-08-29
    Adam Smith, Newtonianism and Political Economy.Sergio Volodia Marcello Cremaschi - 1981 - Manuscrito. Revista Internacional de Filosofia 5 (1):117-134.
    The relationship between Adam Smith's official methodology and his own actual theoretical practice as a social scientist may be grasped only against the background of the Humean project of a Moral Newtonianism. The main features in Smith's methodology are: (i) the provisional character of explanatory principles; (ii) 'internal' criteria of truth; (iii) the acknowledgement of an imaginative aspect in principles, with the related problem of the relationship between internal truth and external truth, in terms of mirroring of 'real' causes. Smith's (...)
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  3. added 2019-06-06
    Exchanges and Relationships: On Hard-Headed Economics Capturing the Soft Side of Life.Andrew Jason Cohen - 2012 - Social Theory and Practice 38 (2):231-257.
    Many social scientists think of exchange in terms far broader than philosophers. I defend the broader use of the term as well as the claim that meaningful human relationships are usefully understood as constituted by exchanges. I argue, though, that we must recognize that a great number of non-monetary and non-material goods are part of our daily lives and exchanges. Particularly important are emotional goods. I defend my view against the important objection that it demeans intimate relationships. As an addendum, (...)
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  4. added 2019-06-06
    Review of C. Mantzavinos (Ed.) 2009. Philosophy of the Social Sciences: Philosophical Theory and Scientific Practice.Michiru Nagatsu - 2011 - Economics and Philosophy 27 (1):75-83.
  5. added 2019-06-06
    Review of Economics as Hermeneutics: Rationality and Explanation in Economics. [REVIEW]Jaakko Kuorikoski - 2011 - Economics and Philosophy 27 (2):203-208.
  6. added 2019-06-06
    Review of Y a-T-Il des Lois En Économie? [REVIEW]Andrea Salanti - 2010 - Economics and Philosophy 26 (3):391-394.
  7. added 2019-06-06
    Review of The Romantic Economist: Imagination in Economics. [REVIEW]Harro Maas - 2010 - Economics and Philosophy 26 (2):247-254.
  8. added 2019-06-06
    Review of Do Economists Make Markets? On the Performativity of Economics. [REVIEW]Matthias Klaes - 2009 - Economics and Philosophy 25 (3):389-397.
  9. added 2019-06-06
    Review of Popper and Economic Methodology. Contemporary Challenges. [REVIEW]Caterina Marchionni - 2009 - Economics and Philosophy 25 (2):223-229.
  10. added 2019-06-06
    The Potential of Neuroeconomics: Colin F. Camerer.Colin F. Camerer - 2008 - Economics and Philosophy 24 (3):369-379.
    The goal of neuroeconomics is a mathematical theory of how the brain implements decisions, that is tied to behaviour. This theory is likely to show some decisions for which rational-choice theory is a good approximation, to provide a deeper level of distinction among competing behavioural alternatives, and to provide empirical inspiration for economics to incorporate more nuanced ideas about endogeneity of preferences, individual difference, emotions, endogeneous regulation of states, and so forth. I also address some concerns about rhetoric and practical (...)
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  11. added 2019-06-06
    Review of William Stanley Jevons and the Making of Modern Economics. [REVIEW]D. Wade Hands - 2007 - Economics and Philosophy 23 (2):252-256.
  12. added 2019-06-06
    Mises, the A Priori, and the Foundations of Economics: A Qualified Defence: Stephen D. Parsons.Stephen D. Parsons - 1997 - Economics and Philosophy 13 (2):175-196.
    In a recent paper, Pierluigi Barrotta argues that Mises ‘ended up by defending an epistemological tenet very far from Kant's’, concluding that ‘Mises's apriorism cannot be vindicated through Kant's epistemology’. In contrast, I shall argue that certain of Mises's arguments can be reconstructed in Kantian terms, and thus the distance between Mises and Kant is not as extreme as Barrotta's argument may appear to suggest. Specifically, I shall argue that Mises, like Kant, seeks to establish the a priori nature of (...)
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  13. added 2019-06-06
    An ‘Inexact’ Philosophy of Economics?: Roger E. Backhouse.Roger E. Backhouse - 1997 - Economics and Philosophy 13 (1):25-37.
    The Inexact and Separate Science of Economics represents the most ambitious attempt to provide a systematic account of economic methodology since the first edition of Blaug's The Methodology of Economics. As such, it has been the subject of extensive critical commentary. For all the attention it has received, however, some important aspects of the book's thesis have not been developed properly. Two important ones are what might be called, following the terminology used in the experimental economics literature, the ‘framing effect’ (...)
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  14. added 2019-06-06
    Kuhn's Paradigms and Neoclassical Economics: Reply to Dow: George Argyrous.George Argyrous - 1994 - Economics and Philosophy 10 (1):123-126.
  15. added 2019-06-06
    Restabilizing Dynamics: Construction and Constraint in the History of Walrasian Stability Theory: D. Wade Hands.D. Wade Hands - 1994 - Economics and Philosophy 10 (2):243-283.
    In Stabilizing Dynamics Roy Weintraub provides a history of stability theory from the work of Hicks and Samuelson in the late 1930s to the Gale and Scarf counterexamples in the 1960s. Unlike his earlier work in the history of general equilibrium theory this recent contribution is not an attempt to fit the Walrasian program into the narrow framework of some particular philosophy of natural science. Rather, the theme in Stabilizing Dynamics is broadly social constructivist. Simply put, the constructivist view of (...)
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  16. added 2019-06-06
    Persuasion and Economic Efficiency: The Cost-Benefit Analysis of Banning Abortion: Julianne Nelson.Julianne Nelson - 1993 - Economics and Philosophy 9 (2):229-252.
    How do economists persuade their readers that one policy is superior to another? A glance at the literature on welfare economics quickly provides the answer to this question: Economists enter policy debates armed with mathematical models, evaluating options on the basis of their consequences. Economists typically classify a policy change as a welfare improvement with respect to the status quo if the gain realized by the winners exceeds the harm sustained by the losers. The best policy becomes the one that (...)
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  17. added 2019-06-06
    Lakatosian Perspectives on General Equilibrium Analysis: A REPLY: Andrea Salanti.Andrea Salanti - 1993 - Economics and Philosophy 9 (2):283-287.
  18. added 2019-06-06
    What Walrasian Marxism Can and Cannot Do * Article Author Query * Roemer J [Google Scholar].John Roemer - 1992 - Economics and Philosophy 8 (1):149-156.
    In their article “Roemer's ‘General’ Theory of Exploitation is a Special Case: The Limits of Walrasian Marxism,” Devine and Dymski portray me as some sort of Walrasian automaton who believes that phenomena that are not easily modelled using the Walrasian model of perfect competition do not exist. Their criticism of my theory assumes that I was attempting to model capitalism in its entirety, a task that, I agree, I failed to do. I did not propose a theory of accumulation, or (...)
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  19. added 2019-06-06
    In Defense of Explanatory Ecumenism: Frank Jackson and Philip Pettit.Frank Jackson - 1992 - Economics and Philosophy 8 (1):1-21.
    Many of the things that we try to explain, in both our common sense and our scientific engagement with the world, are capable of being explained more or less finely: that is, with greater or lesser attention to the detail of the producing mechanism. A natural assumption, pervasive if not always explicit, is that other things being equal, the more finegrained an explanation, the better. Thus, Jon Elster, who also thinks there are instrumental reasons for wanting a more fine-grained explanation, (...)
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  20. added 2019-06-06
    Gender, Metaphor, and the Definition of Economics: Julie A. Nelson.Julie A. Nelson - 1992 - Economics and Philosophy 8 (1):103-125.
    Let me make it clear from the outset that my main point is not either of the following: one, that there should be more women economists and research on “women's issues”, or two, that women as a class do, or should do, economics in a manner different from men. My argument is different and has to do with trying to gain an understanding of how a certain way of thinking about gender and a certain way of thinking about economics have (...)
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  21. added 2019-06-06
    Roy Weintraub's Studies in Appraisal: Lakatosian Consolations or Something Else?: Andrea Salanti.Andrea Salanti - 1991 - Economics and Philosophy 7 (2):221-234.
    As made manifest by Clower's comments on their “science fiction” nature, general equilibrium theories present such peculiar and puzzling features that the methodologist must perforce seek some specific methodological accommodation for this part of economic theory. The role played by such theories in contemporary economics is so fundamental that the impossibility of appraising them by means of any version of falsificationism, and their patent lack of empirical content if approached with the conceptual devices of the methodology of scientific research programs, (...)
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  22. added 2019-06-06
    “The Conflation of Productivity and Efficiency in Economics and Economic History”: A Comment.John Vincent Nye - 1990 - Economics and Philosophy 6 (1):147-152.
    In a recent article, Edward Saraydar takes economists and economic historians to task for equating productivity and efficiency in comparative economic analysis. Although I found his thesis interesting, I was a bit surprised to see selected remarks from my article on firm size in nineteenth-century France used to frame his criticism of productivity comparisons as a means of making prescriptive statements. The passages selected may mislead the reader as to the nature of my arguments. Let me quote Saraydar on this:… (...)
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  23. added 2019-06-06
    Two Replies and a Dialogue on the Rhetoric of Economics: Donald N. McCloskey.Donald N. McCloskey - 1988 - Economics and Philosophy 4 (1):150-166.
  24. added 2019-06-06
    Shall I Compare Thee to a Minkowski-Ricardo-Leontief-Metzler Matrix of the Mosak-Hicks Type?: Or, Rhetoric, Mathematics, and the Nature of Neoclassical Economic Theory: Philip Mirowski.Philip Mirowski - 1987 - Economics and Philosophy 3 (1):67-95.
    Is rhetoric just a new and trendy way to épater les bourgeois? Unfortunately, I think that the newfound interest of some economists in rhetoric, and particularly Donald McCloskey in his new book and subsequent responses to critics, gives that impression. After economists have worked so hard for the past five decades to learn their sums, differential calculus, real analysis, and topology, it is a fair bet that one could easily hector them about their woeful ignorance of the conjugation of Latin (...)
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  25. added 2019-06-06
    Weintraub's Aims: A Brief Rejoinder: Alexander Rosenberg.Alexander Rosenberg - 1987 - Economics and Philosophy 3 (1):143-144.
    Weintraub is not really interested in whether economics is “science” or not. “Economists are not so unsophisticated as to think that calling economics a ‘science’ says anything about what economists do or should do”. But can it really be a matter of indifference to him whether the subject has the character of chemistry as opposed to literary criticism?
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  26. added 2019-06-06
    Sartorial Epistemology in Tatters: A Reply to Martin Hollis: Donald N. McCloskey.Donald N. McCloskey - 1985 - Economics and Philosophy 1 (1):134-137.
    Martin Hollis, in the introduction to the collection of Rationality and Relativism he edited recently with Steven Lukes, describes himself as the most arch of arch rationalists, “by which we mean, merely, that [we] reject the forthright relativization of truth and reason.” You might suppose that his self-description would place him unambiguously in the army of traditionalists arrayed against what Richard Rorty fondly calls the New Fuzzies. You might suppose, then, that Hollis would indulge in furious letter writing to, say, (...)
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  27. added 2019-05-27
    Morali e mercati. Alcuni contributi recenti alla dissoluzione di una radicata antinomia.Sergio Volodia Marcello Cremaschi - 1996 - Quaderni di Azione Sociale 41 (4):55-70.
    The article sets out to reconstruct the ongoing re-discussion of role of morality in the economic subsystem. Traditional dichotomies between selfishness and benevolence, individual and collective interest, equality and efficiency have been shown to need more cautious reformulation. The claim is that, rather than taking sides for or against the reasons of ‘man’ or ‘solidarity’ against alleged reasons of the economy or the market, what is required is better understanding of the ways economies and markets work.
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  28. added 2019-05-19
    Malthus and Ricardo on Economic Methodology.Sergio Volodia Marcello Cremaschi & Marcelo Dascal - 1996 - History of Political Economy 28 (3):475-511.
    The paper is a comparative study of the methodologies of Malthus and Ricardo. Its claims are: (i) economic laws almost always admit of exceptions for Malthus; for Ricardo even contingent predictions allow no exception apart from random temporary variations; (ii) both rely on the prestigious Newtonian paradigm, while interpreting it according to two distinct methodological traditions (the one deriving from MacLaurin, the other from Priestley); (iii) the choice of stressing what happens during intervals or in permanent states leads to opposing (...)
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  29. added 2019-05-12
    Persuasion and Argument in the Malthus-Ricardo Correspondence.Sergio Volodia Marcello Cremaschi & Marcelo Dascal - 1998 - In Warren J. Samuels & Jeff E. Biddle (eds.), Research in the History of Economic Thought and Methodology. Volume 16. Stamford, Conn, USA: pp. 1-63.
    We reconstruct the text, that is, we analyse the development of the discussion between Malthus and Ricardo both in the correspondence and in published works, paying special attention to (a) the use of methodological statements, (b) some pragmatic features of the controversy, (c) considerations pertaining to the meta-level of the controversy (assessments of the status of the controversy, of ways of solving it, etc.); then, we reconstruct the co-text, that is, unpublished papers by each opponent that were not made available (...)
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  30. added 2019-04-17
    Legge di natura e scienza economica.Sergio Volodia Marcello Cremaschi - unknown - Quaderni Storici 35 (3):697-730.
    I argue that the difference between the 17th century new moral science and Scholastic Natural Law Theory derived primarily from the skeptical challenge the former had to face. Pufendorf's project of a 'scientia practica universalis' was the paramount expression of an anti-skeptical moral science, a «science» both explanatory and normative, but also anti-dogmatic in so far as it tried to base its laws on those basic phenomena of human life that supposedly were outside the scope of skeptical doubt. Of the (...)
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  31. added 2019-04-11
    Ricardo and the Utilitarians.Sergio Volodia Marcello Cremaschi - 2004 - European Journal of the History of Economic Thought 11 (3):377-403.
    The paper discusses Ricardo's relationship to Mill and Bentham. It discusses first the origins of the myth of Ricardo's dependence from Bentham through Mill, and Halévy's contribution to the freezing of such a myth. The paper reconstructs what were their shared political commitments and activities and the kind of specific political views and agenda that may be ascribed to Ricardo himself. The paper discusses then the question of Ricardo's adhesion to Benthamite ethics. It examines fragments in Ricardo's correspondence with Maria (...)
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  32. added 2019-04-06
    Malthus and Ricardo: Two Styles for Economic Theory.Sergio Cremaschi & Marcelo Dascal - 1998 - Science in Context 11 (2):229-254.
    We examine the most famous controversy between economists as a means of shedding fresh light on the current debate about economic methodology. By focusing on the controversy as the primary unit of analysis, we show how methodological considerations are but one of a whole set of stratagems strategically employed by each opponent. We argue that each opponent's preference for a particular kind of stratagems expresses his own specific scientific style (within the general scientific and cultural style of an age). We (...)
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  33. added 2019-04-05
    Adam Smith antiutilitarista.Sergio Cremaschi - 2005 - la Società Degli Individui 8 (24):17-32.
    I argue that Adam Smith, far from being a utilitarian as claimed by Alain Caillé, was instead a semi-sceptical philosopher who defended a pluralistic normative ethics of prudence, justice, benevolence, and, far from being the founder of the science of a system self-produced by the interaction of individual self-interests, was a sharp critic of the practices of the commercial society of his time in the name of liberty, justice, and equality. In a word, was from being the putative father of (...)
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  34. added 2019-04-03
    The Malthus-Ricardo Debate.Sergio Volodia Marcello Cremaschi - 2015 - In Heinz Kurz & Neri Salavadori (eds.), The Elgar Companion to David Ricardo. Aldershot: Edward Elgar. pp. 279-283.
    A discussion of the correspondence between Malthus and Ricardo and its bearing on their published works.
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  35. added 2019-03-31
    Alcuni motivi della ripresa dell'etica economica nella seconda metà del Novecento.Sergio Volodia Marcello Cremaschi - 2005 - Bollettino Della Società Filosofica Italiana (186 (nuova serie)):5-19.
    I reconstruct a few themes of the early twentieth-century discussion that headed to the claim of a value-free character of economic theory and of the subsequent discussion that headed to a resumption of a rich discussion of economic ethics and of applied ethics with regard to economic practices. I examine the discussion on value-freedom from classical political economy to Robbins, the role played by utilitarianism in economic theory and the puzzles connected to the idea of utility and several recent discussions (...)
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  36. added 2019-03-25
    Newtonian Physics, Experimental Moral Philosophy, and the Shaping of Political Economy.Sergio Volodia Marcello Cremaschi - 2009 - In Richard Arena, Sheila Dow & Matthias Klaes (eds.), Open economics. Economics in relation to other disciplines. Abingdon, UK: Routledge. pp. 73-94.
    In this paper I reconstruct the birth, blossoming and decline of an eighteenth century program, namely “Moral Newtonianism”. I reconstruct the interaction, or co-existence, of different levels: positive theories, methodology, worldviews and trace the presence of scattered items of the various levels in the work of Hume, Adam Smith, Adam Ferguson, Dugald Stewart. I highlight how Mirowski’s reconstruction of the interaction between physics and economics may be extended to the eighteenth century in an interesting way once the outdated reconstruction of (...)
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  37. added 2019-03-11
    Adam Smith’s Irony and the Invisible Hand.Sergio Volodia Marcello Cremaschi - 2017 - Iberian Journal of the History of Economic Thought 4 (1):43-62.
    I reconstruct Adam Smith’s theory of irony and its application. I illustrate how he defines it as a combination of something “grand” with something “mean” and how this is consistent with his anti-Cartesian and post-skeptic epistemology. I suggest that, for Smith, “systems” of any kind, from Cartesian physics to philosophical monotheism, Stoic ethics, and the “mercantile system” draw their apparent plausibility from some disease of human imagination. I argue that in every field, including political economy, in his view, the philosopher’s (...)
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  38. added 2019-03-08
    Early Modern Political Philosophies and the Shaping of Political Economy.Sergio Volodia Marcello Cremaschi - 2017 - Routledge Historical Resources. History of Economic Thought.
    In the course of the eighteenth and nineteenth centuries the paradigm of a new science, political economy, was established. It was a science distinct from the Aristotelian sub-disciplines of practical philosophy named oikonomía and politiké, and emphasis on its character of science not unlike the natural sciences – still called ‘natural philosophy’ – mirrored precisely a willingness to stress its autonomy from two other sub-disciplines of practical philosophy, that is, ethics and politics. However, the new science resulted from a transformation (...)
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  39. added 2019-02-15
    Il sistema della ricchezza. Economia politica e problema del metodo in Adam Smith.Sergio Volodia Marcello Cremaschi - 1984 - Milano, Italy: Franco Angeli.
    Introduction. The book is a study in Adam Smith's system of ideas; its aim is to reconstruct the peculiar framework that Adam Smith’s work provided for the shaping of a semi-autonomous new discipline, political economy; the approach adopted lies somewhere in-between the history of ideas and the history of economic analysis. My two claims are: i) The Wealth of Nations has a twofold structure, including a `natural history' of opulence and an `imaginary machine' of wealth. The imaginary machine is a (...)
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  40. added 2018-09-06
    La science économique à la recherche de ses fondements: La tradition épistémologique ricardienne 1826–1891, Michel Zouboulakis. Presses Universitaires de France, 1993, 227 + viii pages. [REVIEW]Omar Hamuuda - 1996 - Economics and Philosophy 12 (2):234.
  41. added 2018-09-06
    Ambiguità nella «critica dell'economia politica».Philippe Mongin - 1983 - Nuova Civiltà Delle Macchine 1 (3):30-39.
    This paper discusses Marx's "critique of political economy" by using his Grundrisse manuscript as a pivotal reference.
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  42. added 2017-03-26
    Franco 'Bifo' Berardi en de economische wetenschap als ideologie.Tim Christiaens & Massimiliano Simons - 2017 - de Uil van Minerva: Tijdschrift Voor Geschiedenis En Wijsbegeerte van de Cultuur 30 (1):44-68.
    Wij presenteren Berardi’s herwerking van de ideologiekritiek in drie stappen. Eerst schetsen wij de context waarin Berardi de ideologiekritiek herdenkt. Hij bouwt verder op de ontdekking van Deleuze en Guattari dat de taal van het kapitalisme niet de code, maar de axiomatiek is. De economische wetenschap biedt, volgens hen, mensen geen identiteit aan, maar bestaat uit een reeks commando’s die stromen van geld, arbeid, elektriciteit, enzovoort reguleert. Daaraan koppelt Berardi de observatie dat het hedendaagse kapitalisme vooral tekens verhandelt in plaats (...)
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  43. added 2016-12-12
    Fact and Fiction in Economics: Models, Realism and Social Construction.Uskali Mäki (ed.) - 2002 - Cambridge University Press.
    There is an embarrassing polarization of opinions about the status of economics as an academic discipline, as reflected in epithets such as the Dismal Science and the Queen of the Social Sciences. This collection brings together some of the leading figures in the methodology and philosophy of economics to provide a thoughtful and balanced overview of the current state of debate about the nature and limits of economic knowledge. Authors with partly rival and partly complementary perspectives examine how abstract models (...)
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  44. added 2016-12-12
    Reflection Without Rules: Economic Methodology and Contemporary Science Theory.D. Wade Hands - 2001 - Cambridge University Press.
    Reflection without Rules offers a comprehensive, pointed exploration of the methodological tradition in economics and the breakdown of the received view within the philosophy of science. Professor Hands investigates economists' use of naturalistic and sociological paradigms to model economic phenomena and assesses the roles of pragmatism, discourse, and situatedness in discussions of economic practice before turning to a systematic exploration of more recent developments in economic methodology. The treatment emphasizes the changes taking place in science theory and its relationship to (...)
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  45. added 2016-12-08
    But Doctor Salanti, Bumblebees Really Do Fly.E. Roy Weintraub - 1993 - Economics and Philosophy 9 (1):135.
  46. added 2016-11-02
    Pragmatism, Power, and the Situation of Democracy.Brendan Hogan - 2016 - Journal of Speculative Philosophy 30 (1):64-74.
    This article has for its focus two recent prominent, and to my mind clarifying, pragmatic theories of democracy. They are representative of pragmatic theories of democracy insofar as they crystallize an attempt to revive and employ the conceptual battery of classical pragmatism to respond to contemporary problems in politics and political theory. Robert Talisse, the author of the first theoretical perspective I will briefly discuss, explicitly turns to Charles Peirce for an epistemically based approach to the justification of deliberative democracy (...)
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  47. added 2016-04-07
    The Recent Critique of Theoretical Economics: A Methodologically Informed Investigation.Lukasz Hardt - 2016 - Journal of Economic Issues 50 (1):269-287.
    My purpose is to appraise the recent critique of theoretical economics by applying the methodological perspective. Therefore, I start by identifying the main lines of criticism raised against theoretical economics in the aftermath of the post-2008 global economic crisis: namely, the voices criticizing economics for its unrealistic models, excessive mathematization, and overconfidence in its theoretical claims. First, I show that these issues are interconnected and should be jointly analyzed. Next, I investigate these lines of critique from the perspective provided by (...)
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  48. added 2015-12-10
    Economics, Psychology, and the Unity of the Decision Sciences.Roberto Fumagalli - 2016 - Philosophy of the Social Sciences 46 (2):103-128.
    In recent years, several authors have reconstructed the relationship between 20th-century economic theory and neuro-psychological research in terms of a three-stage narrative of initial unity, increasing separation, and ongoing reunification. In this article, I draw on major developments in economic theory and neuro-psychological research to provide a descriptive and normative critique of this reconstruction. Moreover, I put forward a reconstruction of the relationship between economics and neuro-psychology that, I claim, better fits both the available empirical evidence and the methodological foundations (...)
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  49. added 2015-09-17
    What Are Stylized Facts?Leticia Arroyo Abad & Kareem Khalifa - 2015 - Journal of Economic Methodology 22 (2):143-156.
    Economists use the term ‘stylized fact’ in many contexts, though the meaning of this phrase and the motivation for using such a concept is unclear. In this paper, we provide a philosophical analysis of stylized facts, which aims to be methodologically interesting and useful. While our framework applies to all principled uses of stylized facts, we illustrate its core features by applying it to Nicholas Kaldor's initial and exemplary use of stylized facts in growth economics.
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  50. added 2015-09-10
    Normative Ecological Rationality: Normative Rationality in the Fast-and-Frugal-Heuristics Research Program.D. Wade Hands - 2014 - Journal of Economic Methodology 21 (4):396-410.
    The purpose of this paper is to examine the normative interpretation of the fast-and-frugal research program and in particular to contrast it with the normative reading of rational choice theory and behavioral economics. The ecological rationality of fast-and-frugal heuristics is admittedly a form of normative naturalism – it derives what agents “ought” to do from that which “is” ecologically rational – and the paper will examine how this differs from the normative rationality associated with rational choice theory. I will also (...)
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