Charles Peirce had significant interests in economics. He reworked the mathematical economic models of Cournot and Jevons in the 1870s. He conceived of the transitive axiom of consumer preferences in 1874. Peirce also developed a thesis of the cognitive efficiency of the human mind, abduction. He criticized Newcomb's economic writings. These forays into economics affected the six essays on pragmatism. These interests in economics are integrated with the meaning of the pragmatic maxim in Peirce's 1903 Harvard Lectures.

The dramatic and ongoing changes in the funding of science have stimulated interest in an economics of scientific knowledge, which would investigate the effects of these changes on the scientific enterprise. Hands has previously explored the lessons for such an ESK from the existing precedent of the sociology of scientific knowledge. In particular, he examines the philosophical problems of SSK and those that any ESK in its image would face. This paper explores this argument further by contending that more recent (...) literature in SSK exposes even deeper philosophical problems than those identified by Hands. Meaning finitism has emerged as the philosophical core of SSK. An examination of the profound problems with this position is used to show that an underlying extensionalism is the root of SSK's intractable philosophical difficulties, and to illustrate the entirely different approach of a critical philosophy that is advocated in its place. In this way, the project of an ESK is shown to depend upon a critical philosophy. (shrink)

The theory of the economics of research played a central role in the analysis of scientific method of Charles Sanders Peirce. The present paper describes Peirce's project as he saw it and then puts its machinery to work in an analysis of current issues in the philosophy of science. The aim is to show that, even apart from their historical interest, Peirce's ideas on this subject have a substantial systematic interest.

This trenchant study analyzes the rise and decline in the quality and format of science in America since World War II. Science-Mart attributes this decline to a powerful neoliberal ideology in the 1980s which saw the fruits of scientific investigation as commodities that could be monetized, rather than as a public good.

(1996). The economic consequences of Bruno Latour. Social Epistemology: Vol. 10, Economic Metaphors in Science Studies, pp. 193-208. doi: 10.1080/02691729608578814.

During the last three decades, reflections on the growth of scientific knowledge have inspired historians, sociologists, and some philosophers to contend that scientific objectivity is a myth. In this book, Kitcher attempts to resurrect the notions of objectivity and progress in science by identifying both the limitations of idealized treatments of growth of knowledge and the overreactions to philosophical idealizations. Recognizing that science is done not by logically omniscient subjects working in isolation, but by people with a variety of personal (...) and social interests, who cooperate and compete with one another, he argues that, nonetheless, we may conceive the growth of science as a process in which both our vision of nature and our ways of learning more about nature improve. Offering a detailed picture of the advancement of science, he sets a new agenda for the philosophy of science and for other "science studies" disciplines. (shrink)

One of the first frameworks developed for understanding the relation of science and technology to the economy has been the linear model of innovation. The model postulated that innovation starts with basic research, is followed by applied research and development, and ends with production and diffusion. The precise source of the model remains nebulous, having never been documented. Several authors who have used, improved, or criticized the model in the past fifty years rarely acknowledged or cited any original source. The (...) model usually was taken for granted. According to others, however, it comes directly from V. Bush’s Science: The Endless Frontier. This article traces the history of the linear model, suggesting that it developed in three steps corresponding to three scientific communities looking at science analytically. The article argues that statistics is a main reason the model is still alive despite criticisms, alternatives, and having been proclaimed dead. (shrink)

In the inaugural issue of this journal, David Tyfield used some recent discussions about "meaning finitism" to conclude that the sociology of scientific knowledge is an intellectually hopeless basis on which to erect an intelligible study of science. In contrast, the authors show that Tyfield's argument rests on some profound misunderstandings of the SSK. They show that his mischaracterization of SSK is in fact systematic and is based on lines of argument that are at best incoherent.

In this article, the author focuses on Philip Kitcher's and Alvin Goldman's economic models of the social character of scientific knowledge production. After introducing some relevant methodological issues in the social sciences and characterizing Kitcher's and Goldman's models, the author goes on to show that special problems arise directly from the concept of an agent invoked in the models. The author argues that the two distinct concepts of agents, borrowed from economics and cognitive psychology, are inconsistent. Finally, the author discusses (...) some of the normative implications that arise from adopting economic concepts of agents in the study of science. (shrink)

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 (...) the movement away from a rules-based view of economic methodology. The work will be of interest to all economists concerned with methodological issues as well as philosophers and others studying the relationships between economics and contemporary science theory. (shrink)

The Economics of Scientific Knowledge demonstrates how contemporary economic theories, such as rational choice theory, public choice theory, game theory, and neo-institutionalist economics can be successfully applied to resolve the issues currently existing in science studies and science and technology policy. Yanfei Shi criticizes the sociology of scientific knowledge and the traditional philosophy of science for their failures in justifying science as a rational enterprise. From an economic perspective, he explains why scientific enterprise as a public good is possible if (...) individual scientists are self-interested and presents a new and convincing story of how scientific knowledge is produced in the contemporary society. With professional experience as a policy analyst, Yanfei Shi's economic perspective on scientists and their behaviors, and his institutional analysis will have great implications to the current discussions on science and innovation policy issues. Scholars and students in the fields of economics, philosophy and sociology as well as scientists, administrators and policy analysts will find this book a welcome addition to the literature of the increasingly important field of science studies. (shrink)

Chapter 1 FROM ORDER TO DISORDER 5 mins. John enters and goes into his office. He says something very quickly about having made a bad mistake. He had sent the review of a paper. . . . The rest of the sentence is inaudible. 5 mins.

In this book Bruno Latour brings together these different approaches to provide a lively and challenging analysis of science, demonstrating how social context..

Although science was once seen as the product of individual great men working in isolation, we now realize that, like any other creative activity, science is a highly social enterprise, influenced in subtle as well as obvious ways by the wider culture and values of its time. Scientific Knowledge is the first introduction to social studies of scientific knowledge. The authors, all noted for their contributions to science studies, have organized this book so that each chapter examines a key step (...) in the process of doing science. Using case studies from cognitive science, physics, and biology to illustrate their descriptions and applications of the social study of science, they show how this approach provides a crucial perspective on how science is actually done. Scientific Knowledge will be of interest not only to those engaged in science studies, but also to anyone interested in the practice of science. (shrink)