Deductive Irrationality: A Commonsense Critique of Economic RationalismStephen McCarthy, David Kehl Lexington Books, 2008 M04 29 - 260 páginas Deductive Irrationality examines and critiques economic rationalism from the perspective of political philosophy. The essays in this collection analyze not only the work of founders of the discipline of economics, but also political philosophers influential in this founding and select contributors of seminal theories in modern economic thought—namely, Thomas Hobbes, John Locke, Adam Smith, Alfred Marshall, John Maynard Keynes, Friedrich Hayek, Gunnar Myrdal, Robert E. Lucas Jr., and John F. Muth. The main theme linking all of the essays together is that economics is a product of modern rationalism and shares with that rationalism the belief that the only real knowledge is scientific knowledge. Derived from a scientific method modeled on mathematics, this method gives both modern political science and modern economics their abstract character. Adam Smith's contribution to Western thought was more than mere economics; his innovations and his variance from previous thinkers follows Machiavelli in finding human nature in the realistic conception of examining men as how they are, rather than the classical view that we should look to the idea of man's formal excellence. To Smith, humanity emerges from a desire for self-preservation, where every worker competes to exchange the fruits of their labor with that of others. The result is a gap between the world of "common sense" and the world of theory that practitioners in both fields no longer truly understand. By adopting the perspective of political philosophy, the contributors take an approach that is alien to most economists, and in doing so address many of the currents and tensions that underlie modern economic theory and, by implication, the rational choice theory in political science. |
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... value of their own payoff , measured on some utility scale.9 The fourth ... value judgements . Economics is an amoral discipline . It is not concerned with the ... premises of economic theory is provided by Richard McKenzie and Gordon ...
... value of their own payoff , measured on some utility scale.9 The fourth ... value judgements . Economics is an amoral discipline . It is not concerned with the ... premises of economic theory is provided by Richard McKenzie and Gordon ...
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Otras ediciones - Ver todas
Deductive Irrationality: A Commonsense Critique of Economic Rationalism Stephen McCarthy,David Kehl Vista previa limitada - 2008 |
Deductive Irrationality: A Commonsense Critique of Economic Rationalism Stephen McCarthy,David Kehl Vista de fragmentos - 2008 |
Deductive Irrationality: A Commonsense Critique of Economic Rationalism Stephen McCarthy,David Kehl Vista de fragmentos - 2008 |
Términos y frases comunes
abstract achieved Adam Smith Alfred Marshall Alvey Aristotle assumptions catallaxy chapter classical economics classical theory common concept cosmos Cropsey culture definite determined division of labour economic development economic science economic theory economists effect exchange Hayek historicism Hobbes human wisdom Ibid intended invention involuntary unemployment John Maynard Keynes Joseph Cropsey judgement Keynes Keynes's Keynesian Kuhn Lakatos language Locke Locke's logic Marshall Marshall's mathematical means measure ment method methodology modern moral Muth Muth's Myrdal natural right nomic nomos output paradigm particular philosophy physics Pigou policies political economy postulate principle problem propensity psychology quantity rational choice theory rational expectations real price real wage reason result rules Say's law science of economics scientific self-interest sense social science social scientists society sociology of knowledge spontaneous Staveley theory of employment things tion understanding universal utility value premises variables Wealth of Nations