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  1. added 2019-02-07
    Linguistic Structures and Economic Outomces.Clas Weber & Astghik Mavisakalyan - 2017 - Journal of Economics Surveys 32 (3):916-939.
    Linguistic structures have recently started to attract attention from economists as determinants of economic phenomena. This paper provides the first comprehensive review of this nascent literature and its achievements so far. First, we explore the complex connections between language, culture, thought and behaviour. Then, we summarize the empirical evidence on the relationship between linguistic structures and economic and social outcomes. We follow up with a discussion of data, empirical design and identification. The paper concludes by discussing implications for future research (...)
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  2. added 2018-11-20
    The General Theory of Second Best Is More General Than You Think.David Wiens - manuscript
    Lipsey and Lancaster's ``general theory of second best'' is widely thought to have significant implications for applied theorizing about the institutions and policies that most effectively implement abstract normative principles. It is also widely thought to have little significance for theorizing about which abstract normative principles we ought to implement. Contrary to this conventional wisdom, I show how the second best theorem can be extended to myriad domains beyond applied normative theorizing, and in particular to more abstract theorizing about the (...)
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  3. added 2018-11-08
    How to Read The Wealth of Nations.Jonathan Hearn - 2018 - Sociological Theory 36 (2):162-184.
    This article challenges the idea that competition was central to Adam Smith’s thinking by scrutinizing the concept’s role in Smith’s work, particularly The Wealth of Nations. We will understand Smith’s perspective better if we avoid reading later developments of the concept, particularly in economics, back into Smith’s times and writings. Conversely, I argue that the division of labor is the governing idea providing the basic organizational structure of Wealth of Nations. Clarifying (and demoting) the role of competition in Smith’s thinking (...)
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  4. added 2018-09-06
    Revealed Preference, Belief, and Game Theory.Daniel M. Hausman - 2000 - Economics and Philosophy 16 (1):99-115.
    The notion of ‘revealed preference’ is unclear and should be abandoned. Defenders of the theory of revealed preference have misinterpreted legitimate concerns about the testability of economics as the demand that economists eschew reference to (unobservable) subjective states. As attempts to apply revealed-preference theory to game theory illustrate with particular vividness, this demand is mistaken.
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  5. added 2018-09-06
    Symposium on the Coase Theorem: Legal Fiction: The Place of the Coase Theorem in Law and Economics.Steven G. Medema - 1999 - Economics and Philosophy 15 (2):209.
    Modern law and economics received much of its impetus from Ronald Coase's analysis in ‘The Problem of Social Cost,’ and a goodly amount of that comes from the Coase theorem, which states that, absent transaction costs, externalities will be efficiently resolved through bargaining. The fact that the analysis that came to be codified in the Coase theorem was an exercise in pure fiction on Coase's part did not deter the erection of a substantial edifice of positive and normative analysis on (...)
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  6. added 2018-09-06
    Interpersonal Comparisons of Well-Being, Jon Elster and John E. Roemer . Cambridge University Press, 1991, X + 400 Pages and The Quality of Life, Martha C. Nussbaum and Amartya Sen . Oxford University Press, 1993, Xi + 453 Pages. [REVIEW]Adam Morton - 1996 - Economics and Philosophy 12 (1):101.
  7. added 2018-09-06
    Rules and Choice in Economics, Viktor J. Vanberg. Routledge, 1994, Viii + 310 Pages. [REVIEW]Joseph Heath - 1996 - Economics and Philosophy 12 (2):243.
  8. added 2018-05-20
    Gossens Theorie der Zeitallokation.Daniel Dohrn - 2000 - Dissertation, LMU Munich
  9. added 2018-05-03
    Triangulation: A Retroduction Approach in the Reorientation of Social Science Research for Central Bank Policy in Sierra Leone.Emerson Abraham Jackson - forthcoming - African Journal of Economic and Management Studies 9 (2).
    The article addresses critical discourses pertaining to triangulation methodology as a step forward in dealing with policy formulation, particularly at the Bank of Sierra Leone. Alternative prescriptive measure like critical discourse analysis have been proposed as a means to the cutting head development in bridging the gap between orthodox and heterodox views of economic sciences investigations.
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  10. added 2018-04-30
    Strategizing with Others' Misperceptions of Luck in Extreme Performances.Chengwei Liu - 2017 - Academy of Management Proceedings 2017 (1).
    Research suggests that people tend to be fooled by randomness and mistake luck for skill, particularly when evaluating extreme performances. I argue that these predictable mistakes can be translated into a source of competitive advantage: informed managers can exploit others’ misperceptions of luck, such as by arbitraging in strategic factor markets. I then discuss limits to this arbitrage strategy due to social constraints: stakeholders may not be able to accurately evaluate performances and may disapprove atypical strategic activities, suggesting that only (...)
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  11. added 2018-04-02
    La critique de l'économie politique dans les Grundrisse de Karl Marx.Philippe Mongin - 1978 - Dissertation, Ecole des Hautes Etudes En Sciences Sociales
    This doctoral thesis was prepared in 1975-77 at Ecole des Hautes Etudes en Sciences Sociales, Paris, under the supervision of Prof. Raymond ARON. It was submitted in 1977 in fulfilment of the requirements for a Ph.D. degree in Social Sciences (Doctorat de 3e cycle en sciences sociales). The oral examination (soutenance de thèse) was held in January 1978, with the examination committee consisting of Prof. Aron, Bartoli, Boudon and Brochier. This 250 page unpublished dissertation was the first study ever written (...)
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  12. added 2018-03-19
    Robots and Us: Towards an Economics of the ‘Good Life’.C. W. M. Naastepad & Jesse M. Mulder - 2018 - Review of Social Economy:1-33.
    (Expected) adverse effects of the ‘ICT Revolution’ on work and opportunities for individuals to use and develop their capacities give a new impetus to the debate on the societal implications of technology and raise questions regarding the ‘responsibility’ of research and innovation (RRI) and the possibility of achieving ‘inclusive and sustainable society’. However, missing in this debate is an examination of a possible conflict between the quest for ‘inclusive and sustainable society’ and conventional economic principles guiding capital allocation (including the (...)
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  13. added 2018-03-09
    Hard Choices: Decision Making Under Unresolved Conflict, Isaac Levi. Cambridge: Cambridge University Press, 1986, Xii + 250 Pages. [REVIEW]John Broome - 1992 - Economics and Philosophy 8 (1):169.
  14. added 2017-10-21
    Teoría fenomenológica general del bienestar y la elección social.Rodrigo Lopez-Pablos - 2013 - Revista de Economía Política de Buenos Aires 12 (7):105-133.
    By introducing elements of phenomenological philosophy to the analysis of human needs in economics; from Sartrean postulates as well as the nature and essence of individual’s needs, has been revealed a theorethical framework that serves to ponder human being’s existential behavior by means of their phenomenologic social choices and welfare. Defining a planning agent under strong assumptions of rationality and projective efficacious capabilities, the Arrow’s theorem has been proved for the economic agent aware of its finitude in this world.
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  15. added 2017-10-06
    Simon, Stigler et les théories de la rationalité limitée.P. Mongin - 1986 - Social Science Information 25 (3):555-606.
    This article reviews Herbert Simon's theory of bounded rationality, with a view of deemphasizing his "satisficing" model, and by contrast, of emphasizing his distinction between "procedural" and "substantive" rationality. The article also discusses a possible move from neo-classical economists to respond to Simon's criticisms, i.e., a reduction of bounded rationality to a special case of second-optimization, using Stigler's search theory. This move is eventually dismissed.
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  16. added 2017-03-03
    The Way the World Works (Www): Towards an Ontology of Theory Choice.Uskali Maki - 2001 - In Uskali Mäki (ed.), The Economic World View: Studies in the Ontology of Economics. Cambridge University Press. pp. 369.
    Introducing the ontology of theory choice -/- Economists choose theories and they choose ways of pursuing theories, and they leave others unchosen. Why do economists choose the way they do? How should economists choose? What are the objectives and what are the constraints? What should they be? The questions are both descriptive and prescriptive. -/- There are two broad classes of “criteria of choice” that have been somewhat systematically considered in the recent literature on economic methodology: (1) Empirical criteria. There (...)
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  17. added 2016-12-08
    The Political Logic of Economics and the Economic Logic of Modernity in Max Weber.Peter Breiner - 1995 - Political Theory 23 (1):25-47.
    The explanation of everything by economic causes alone is never exhaustive in any sense whatsoever, in any sphere of cultural phenomena, not even in the economic sphere itself. Max Weber, “Objectivity”in Social Science and Social Policy (1904).
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  18. added 2016-08-19
    Between Isolations and Constructions: Economic Models as Believable Worlds.Lukasz Hardt - 2016 - Poznan Studies in the Philosophy of the Sciences and the Humanities 106.
    As the title of this essay suggests, my concern is with the issue of what are economic models. However, the goal of the paper is not to offer an in-depth study on multiple approaches to modelling in economics, but rather to overcome the dichotomical divide between conceptualizing models as isolations and constructions. This is done by introducing the idea of economic models as believable worlds, precisely descriptions of mechanisms that refer to the essentials of the modelled targets. In doing so (...)
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  19. added 2016-06-18
    The Metaphysics of Scarcity.Ray Scott Percival - 1996 - The Critical Rationalist 1 (2):1 - 31.
    Natural resources are infinite. This is possible because humans can create theories whose potential goes beyond the limited imaginative capacity of the inventor. For instance, no number of people can work out all the economic potential of quantum theory. Economic Resources are created by an interaction of Karl Popper's Worlds 1, 2 and 3, the worlds of physics, psychology and the abstract products of the human mind, such as scientific theories. Knowledge such as scientific theories has unfathomable information content, is (...)
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  20. added 2016-03-18
    Idealization Xiv: Models in Science.Giacomo Borbone & Krzysztof Brzechczyn (eds.) - 2016 - Brill | Rodopi.
    The book "Idealization XIV: Models in Science" offers a detailed ontological, epistemological and historical account of the role of models in scientific practice. The volume contains contributions of different international scholars who developed many aspects of the use of idealizations and models both in the natural and the social sciences. This volume is particularly relevant because it offers original contributions concerning one of the main topic in philosophy of science: the role of models in such branches of the sciences and (...)
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  21. added 2015-12-20
    The Logical Reconstruction of Pure Exchange Economics: Another Alternative.Douglas Wade Hands - 1985 - Theory and Decision 19 (3):259-278.
  22. added 2014-10-10
    Paradigms and Conventions, Choi Young Back. The University of Michigan Press, 1994, Ix + 175 Pages. [REVIEW]Jochen Runde - 1995 - Economics and Philosophy 11 (2):379.
  23. added 2014-10-10
    Keynesian Uncertainty and the Weight of Arguments.Jochen Runde - 1990 - Economics and Philosophy 6 (2):275.
    In Chapter 12 of the General Theory, on “The State of Long-Term Expectation,” Keynes writes: “It would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain”. In a footnote to this sentence, Keynes points out that by “very uncertain” he does not mean the same as “very improbable” and refers to the chapter on “The Weight of Arguments” in his earlier Treatise on Probability. The purpose of this article, in the first place, is (...)
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  24. added 2014-09-25
    Evolution and Rationality: Decisions, Co-Operation and Strategic Behaviour, Samir Okasha and Ken Binmore (Eds.). Cambridge University Press, 2012, X + 281 Pages. [REVIEW]Ryan Muldoon - 2013 - Economics and Philosophy 29 (3):425-430.
  25. added 2014-09-25
    Economics and Social Interaction: Accounting for Interpersonal Relations, Benedetto Gui and Robert Sugden (Eds). Cambridge University Press, 2005, XV + 299 Pages. [REVIEW]Luis Miguel Miller - 2008 - Economics and Philosophy 24 (2):283-287.
  26. added 2014-09-25
    Ambiguity and Logic, by Frederic Schick. Cambridge University Press, 2003, IX + 154 Pages. [REVIEW]Erik J. Olsson - 2005 - Economics and Philosophy 21 (1):161-164.
  27. added 2014-09-25
    Daniels on Rationing Medical Care.John McKie - 1999 - Economics and Philosophy 15 (1):109.
  28. added 2014-09-25
    Paternalism and Public Policy.Bill New - 1999 - Economics and Philosophy 15 (1):63.
    Wherever a government or state is concerned with the welfare of its citizens, there will probably also exist policies which compel the individual citizen to undertake or abstain from activities which affect that citizen alone. The set of theories behind such policies is collectively known as ‘paternalism’. It is not hard to understand why this term has developed strong pejorative overtones. Policies of this type appear to offend a fundamental tenet of liberal societies: namely, that the individual is best placed (...)
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  29. added 2014-09-22
    Why We Cooperate. [REVIEW]Mattia Gallotti - 2011 - Economics and Philosophy 27 (2):183-190.
  30. added 2014-09-22
    The Grammar of Society: The Nature and Dynamics of Social Norms, by Cristina Bicchieri.G. Kuchle & D. Rios - 2008 - Economics and Philosophy 24 (1):117.
  31. added 2014-09-19
    The Impossibility of a Complete Methodological Individualist: Reduction When Knowledge is Imperfect.David M. Levy - 1985 - Economics and Philosophy 1 (1):101-.
    F. A. Hayek is uniquely responsible for his fellow economists grasping the importance of the decentralization of knowledge: as Hayek shows in his pathbreaking “The Use of Knowledge in Society,” knowledge nowhere exists as a coherent whole and to pretend otherwise is a most serious error. Hayek also shares responsibility for the popularity of a strong form of the methodological individualist research program which asserts that since collectives as such have no impact on the choices of individuals, investigators ought to (...)
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  32. added 2014-09-19
    Choice.".Preference Liberty - 1985 - In Peter Koslowski (ed.), Economics and Philosophy. J.C.B. Mohr. pp. 1--2.
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  33. added 2014-09-18
    Reciprocity: An Economics of Social Relations, Kolm Serge C.. Cambridge University Press, 2008. Xi + 390 Pages. [REVIEW]Luigino Bruni - 2010 - Economics and Philosophy 26 (2):241-264.
  34. added 2014-09-18
    Varieties of Altruism.Philip Kitcher - 2010 - Economics and Philosophy 26 (2):121-148.
    Discussions of altruism occur in three importantly different contexts. During the past four decades, evolutionary theory has been concerned with the possibility that forms of behaviour labelled as altruistic could emerge and could be maintained under natural selection. In these discussions, an agent A is said to act altruistically towards a beneficiary B when A's action promotes the expected reproductive success of B at expected reproductive cost to A. This sort of altruism, biological altruism, is quite different from the kind (...)
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  35. added 2014-09-18
    A Communitarian Utility Function and its Social and Economic Implications.Basant K. Kapur - 1999 - Economics and Philosophy 15 (1):43.
    The term ‘communitarianism’ is often identified with ‘altruism’: an individual is taken to be communitarian-minded if he or she is concerned with the well-being of others, and not only with his or her own well-being. While communitarianism may embrace altruism, it is most appositely viewed as having a broader connotation. Consider, for example, the puzzle of voting behaviour, discussed by Amitai Etzioni and many others ). Casting one's vote entails a cost, albeit usually a small one: however, if there are (...)
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  36. added 2014-09-18
    Friedman's Permanent Income Hypothesis as an Example of Diagnostic Reasoning.Maarten C. W. Janssen & Yao-Hua Tan - 1992 - Economics and Philosophy 8 (1):23.
    Many recent developments in artificial intelligence research are relevant for traditional issues in the philosophy of science. One of the developments in AI research we want to focus on in this article is diagnostic reasoning, which we consider to be of interest for the theory of explanation in general and for an understanding of explanatory arguments in economic science in particular. Usually, explanation is primarily discussed in terms of deductive inferences in classical logic. However, in recent AI research it is (...)
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  37. added 2014-09-18
    Beyond Self-Interest and Altruism: A Reconstruction of Adam Smith's Theory of Human Conduct.Elias L. Khalil - 1990 - Economics and Philosophy 6 (2):255.
    I attempt a reconstruction of Adam Smith's view of human nature as explicated in The Theory of Moral Sentiments. Smith's view of human conduct is neither functionalist nor reductionist, but interactionist. The moral autonomy of the individual, conscience, is neither made a function of public approval nor reduced to self-contained impulses of altruism and egoism. Smith does not see human conduct as a blend of independently defined impulses. Rather, conduct is unified, by the underpinning sentiment of sympathy.
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  38. added 2014-09-18
    Individualism Morality Economic.Wllhelm Vossenkuhl - 1985 - In Peter Koslowski (ed.), Economics and Philosophy. J.C.B. Mohr. pp. 126.
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  39. added 2014-09-16
    Identity Economics by Akerlof and Kranton [Review].John Davis - forthcoming - Economics and Philosophy.
  40. added 2014-09-16
    Økonomi Som En Videnskab Om Bevidstheden Og Interaktion.Michael Fast, Frederik Hertel & Woodrow Clark - unknown
    In understanding economics and the organisation of economics, the questions are what constituteeconomics and the thinking behind economics today? In short what is the field of economics? And in what ways can we connect to and understand this field of study? Of course, the answer to this depends upon the perspective chosen, in which one sees and thinks of economics from a particular philosophical and even political position and perspective. If one takes the perspective on economics from a qualitative paradigm (...)
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  41. added 2014-09-16
    Logic, Rationality and Knowledge in Ramsey's Thought: Reassessing 'Human Logic'.Marion Gaspard - 2014 - Journal of Economic Methodology 21 (2):139-157.
    This paper reconsiders Frank Ramsey's essay on subjective probability (1926) as a consistent way to articulate logic, rationality and knowledge. The first part of the essay builds an axiomatic theory of subjective probability based on ‘formal logic’, defining rationality as choice-consistency. The second part seems to open up different horizons: the evaluation of degrees of belief by ‘human logic’. Because of the interest Keynes (1931) had taken in ‘human logic’, it was considered to be a possible alternative to the formal (...)
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  42. added 2014-09-16
    A Reply to Lehtinen, Teschl and Pattanaik.Daniel M. Hausman - 2013 - Journal of Economic Methodology 20 (2):219-223.
  43. added 2014-09-16
    The Renewal of Critique in Neocapitalism.Claude Gautier - 2007 - Critical Horizons 8 (1):116-129.
  44. added 2014-09-16
    Roemer's “General” Theory of Exploitation Is a Special Case: The Limits of Walrasian Marxism.James Devine & Gary Dymski - 1991 - Economics and Philosophy 7 (2):235.
    In a series of recent writings, John Roemer has made a provocative claim: exploitation and class are merely second-order concepts within Marxian theory, because both phenomena derive directly from differential ownership of productive assets ; indeed, exploitation remains a consistent index of economic injustice only if a “property relations” conception of exploitation replaces the common “labor-value” view. In sum, property relations, not the labor exchange, the labor proces, labor values, or even capitalist accumlation should be the central concern of Marxian (...)
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  45. added 2014-09-16
    Self-Interpretation.E. Edward - 1985 - In Peter Koslowski (ed.), Economics and Philosophy. J.C.B. Mohr. pp. 295.
  46. added 2014-09-15
    Opportunity as Mutual Advantage.Robert Sugden - 2010 - Economics and Philosophy 26 (1):47-68.
    This paper argues that measurements of opportunity which focus on the contents of a person's opportunity set fail to capture open-ended aspects of opportunity that liberals should value. I propose an alternative conception of which does not require the explicit specification of opportunity sets, and which rests on an understanding of persons as responsible rather than rational agents. I suggest that issues of distributive fairness are best framed in terms of real income, and that meaningful measurements of real income are (...)
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  47. added 2014-09-15
    Inductive Modeling Using Causal Studies in Neuroeconomics: Brains on Drugs.Moana Vercoe & Paul J. Zak - 2010 - Journal of Economic Methodology 17 (2):133-146.
    This paper introduces a new approach to economic analysis. We show how to move from deductive to inductive modeling and thereby reunite economics with approaches used in the natural sciences. This paper presents the empathy-generosity-punishment model as an example of research based on observation, experimentation, and the elimination of alternatives. Inductive modeling in neuroeconomics allows the identification of the physiologic mechanisms that produce behavior. Unlike most neuroeconomics studies, we show how to establish causation by using drugs to manipulate brain activity. (...)
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  48. added 2014-09-15
    Creativity, Probability and Uncertainty.Matthew C. Wilson - 2009 - Journal of Economic Methodology 16 (1):45-56.
    Keynesian concepts of probability and uncertainty emphasize the basis of knowledge available to economic decision makers. Conditions of uncertainty, which involve missing evidence or doubtful arguments, are distinguished from probable risk. Beyond this, on the basis of the claim that the future is yet to be created, some authors argue for further distinctions among different kinds of uncertainty. The paper reviews this particular argument, distinguishing it from Keynesian uncertainty theory generally, and provides a critique of its implication that, due to (...)
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  49. added 2014-09-15
    Econopower: How a New Generation of Economists is Transforming the World.Mark Skousen - 2008 - Wiley.
    The power of economic thinking can be explained by seven core principles which include accountability, investments, economy, incentive, freedom of choice, nondiscrimination and one price. By understanding and incorporating these principles, better decisions will be made on individual, corporate and government levels. To explain this thesis, the author offers analyses of key economists who have changed their views over time, an examination of major domestic and international issues, and an explanation of how economists can predict which politicians will be successful.
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  50. added 2014-09-15
    Comments on the Potential Significance of Neuroeconomics for Economic Theory.Ran Spiegler - 2008 - Economics and Philosophy 24 (3):515-521.
    In this short note I speculate about the various ways in which the study of neurological aspects of decision making could be fruitful for economic modelling.
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