It is generally agreed that dispositions cannot be analyzed in terms of simple subjunctive conditionals (because of what are called “masked dispositions” and “finkish dispositions”). I here defend a qualified subjunctive account of dispositions according to which an object is disposed to Φ when conditions C obtain if and only if, if conditions C were to obtain, then the object would Φ ceteris paribus . I argue that this account does not fall prey to the objections that have been raised (...) in the literature. (shrink)

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, (...) have prompted several scholars interested in the methodology of economics to search for a reasonable way out. (shrink)

This is a comprehensive anthology of works concerning the nature of economics as a science, including classic texts and essays exploring specific branches and schools of economics. Apart from the classics, most of the selections in the third edition are new, as are the introduction and bibliography. No other anthology spans the whole field and offers a comprehensive introduction to questions about economic methodology.

This dissertation undertakes a philosophical analysis of “natural capital” and argues that this concept has prompted economists to view Nature in a radically novel manner. Formerly, economists referred to Nature and natural products as a collection of inert materials to be drawn upon in isolation and then rearranged by human agents to produce commodities. More recently, nature is depicted as a collection of active, modifiable, and economically valuable processes, often construed as ecosystems that produce marketable goods and services gratis. Nature (...) is depicted as consisting of various unproduced mechanisms or “natural machines” that are first discovered and then channeled so as to serve human ends. In short, nature as an ideal is a kind of garden that is characterized by natural objects purposefully arranged by intentional human agents. This dissertation first lays out working definitions of the key terms, such as capital and Nature, and then traces the historical roots of natural capital in the writings of eminent classical political economists, such as Adam Smith, John Stuart Mill, and Karl Marx. I then examine the question of substitutes for “critical natural capital”, and argue that the preservation paradox is warranted: no one can restore or preserve a part of Nature without turning it into an artifact. Following the recent work of Debra Satz and Michael Sandel, I finish my dissertation by situating the question of natural capital in the broader context of whether some goods should not be for sale, particularly those I define as Basic Ecological Goods. (shrink)

This paper discusses the development of the field of economic methodology during the last few decades emphasizing the early influence of the "shelf" of Popperian philosophy and the division between neoclassical and heterodox economics. It argues that the field of methodology has recently adopted a more naturalistic approach focusing primarily on the "new pluralist" subfields of experimental economics, behavioral economics, neuroeconomics, and related subjects.

Le projet philosophique puise ses sources dans la volonté de proposer une explication rationnelle des phénomènes naturels et culturels qui constituent le monde dans lequel l’être humain prend place. Il a servi de trame culturelle à l’Occident et amené le déploiement d’appareils conceptuels où l’on distingue théorie et pratique. On doit toutefois reconnaître qu’une philosophie théorique peut avoir une portée pratique et l’inverse, puisque toute pratique suppose un ancrage théorique pour légitimer la connaissance et les systèmes normatifs à partir desquels (...) les explications sont avancées. Cela fait dire à certains que la distinction est désormais surannée et qu’une théorie philosophique réunifiée s’impose. Que l’on soit tenant de la tradition ou des nouvelles approches, la philosophie pratique s’impose désormais comme un passage obligé pour réfléchir les problèmes et articuler de nouvelles théories faisant écho à l’état actuel de notre monde. Le présent ouvrage revient sur la notion de philosophie pratique afin d’en faire voir les différentes acceptions et manières de la mobiliser pour réfléchir à des problèmes actuels. (shrink)

This essay offers a history of the development of philosophy of economics from the 1830s until today, with a personal perspective on the developments of the last four decades. It argues that change...