Overview

During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been seen in recent years to have taken in elements from other disciplines. Economics and Other Disciplines sheds light on the current state and possible future development of economics by focusing on it from a philosophical perspective, broadening the concept of rationality in economic theory. The beliefs that prevail in the world today make up a physicalist worldview. This book argues that this pervasive view is harmful for economics as a social science. Do new economic currents like behavioral economics, evolutionary economics, neuroeconomics, institutional economics, happiness economics, the capability approach and civil economy, escape this widespread mentality? What would be an adequate underlying economic ethos? Do these approaches fit into this ethos? Ricardo F. Crespo appraises the contributions from a classical philosophy angle, emphasizing their implications regarding practical reason. This volume is of great importance to those who are interested in political economy, economic theory and philosophy, as well as philosophy of social science.

Full Product Details

Author:   Ricardo F. Crespo
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.408kg
ISBN:  

9781138642447

ISBN 10:   1138642444
Pages:   184
Publication Date:   22 May 2017
Audience:   College/higher education ,  Tertiary & Higher Education ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

1 Introductory overview 2 The theoretical and metaphysical foundations of sciences The metaphysical worldview Physicalism, materialism and naturalism Practical and instrumental reason The evolution of economics Conclusion 3 Economics and psychology Herbert Simon and ‘Bounded Rationality’ The ‘Ecological Rationality’ or ‘Frugal Heuristics’ approach Modern Behavioral Economics (MBE) Libertarian Paternalism Conclusion 4 Evolutionary economics Richard Nelson on ‘Universal Darwinism’ Geoffrey Hodgson on ‘Universal Darwinism’ Ulrich Witt, evolution and Darwinism Conclusion: Evolutionary economics and practical reason 5 Neuroeconomics The metaphysics of neurosciences Types of physicalism and dualism Looking for alternative explanations for non-physicalists The metaphysics of neuroeconomics Conclusion 6 Happiness economics Happiness and economics Different concepts of happiness Flourish, calling and flow Measuring flourishing Conclusion 7 Institutional economics Economics and institutions Agency, habits and institutions in light of classical practical reason Thorstein Veblen Contemporary economic theories of institutions Rule Theory Equilibrium Theory Constitutive Rules Theory Conclusion 8 The Capability Approach Introducing the Capability Approach Some problems in Sen’s CA Identification of valuable capabilities: the debate over lists of capabilities Heterogeneity and incommensurability Conclusion 9 Civil Economy Historical and intellectual roots of Civil Economy: from Aristotle to Genovesi and Dragonetti From Aristotle to nowadays Conclusion 10 Conclusion

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Author Information

Ricardo F. Crespo is a Professor of Philosophy of Economics in IAE (Universidad Austral) and in Universidad Nacional de Cuyo, Argentina. He is a researcher at the National Council of Scientific Research (CONICET, Argentina) and has published extensively in his field.

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