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  1. Effects of mental accounting on intertemporal choice.Niklas Karlsson, Tommy Gärling & Marcus Selart - 1997 - Göteborg Psychological Reports 27 (5).
    Two experiments with undergraduates as subjects were carried out with the aim of replicating and extending previous results showing that the implication of the behavioral life-cycle hypothesis (H. M. Shefrin & R. H. Thaler, 1988) that people classify assets in different mental accounts (current income, current assets, and future income) may explain how consumption choices are influenced by temporary income changes. In both experiments subjects made fictitious choices between paying for a good in cash or according to a more expensive (...)
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  • For whose benefit? Fear and loathing in the welfare state.Arianna Bove - 2014 - Journal of Political Marketing 13 (1-2):108-126.
    This article contributes to the debate on the relationship between marketing and propaganda through an analysis of social marketing as a mode of governing in permanent campaigning. The working hypothesis is that social marketing operations are agitational rather than propagandistic. The conceptual approach stems from a comparison of propaganda and marketing with Fordist and post-Fordist modes of production and governance. The research into the role of agitation involves an empirical study of the UK government campaign against benefit fraud, the most (...)
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  • Subjectivist Economics and Ethical Business.Michael Schwartz & Heath Spong - 2009 - Journal of Business Ethics 90 (1):123-136.
    A number of business ethics theorist have highlighted the potential for economics to contribute to the advancement of business ethics. In response, this article emphasizes the insights of a particular area of economics that could provide such expansion and development. Subjectivist economics may yet provide an effective analytical framework through which to investigate and evaluate business decision making, and hence the ethics of business. Integrating the concepts of uncertainty, time and imagination, subjectivist economic theory contributes to a greater appreciation of (...)
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  • Contemporary finance as a critical cognitive niche.Tommaso Bertolotti & Lorenzo Magnani - 2015 - Mind and Society 14 (2):273-293.
    Cognitive niche construction theory provides a new comprehensive account for the development of human cultural and social organization with respect to the management of their environment. Cognitive niche construction can be seen as a way of lessening complexity and unpredictability of a given environment. In this paper, we are going to analyze economic systems as highly technological cognitive niches, and individuate a link between cognitive niche construction, unpredictability and a particular kind of economic crises.
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  • CSR Performance and the Value of Cash Holdings: International Evidence.Mohamed Arouri & Guillaume Pijourlet - 2017 - Journal of Business Ethics 140 (2):263-284.
    Using a worldwide sample, we examine whether corporate social responsibility performance has an impact on the value of cash holdings. We find that investors assign a higher value to cash held by firms that have a high CSR rating. This result is consistent with the idea that CSR policies are a means for managers to act in the shareholders’ interests by mitigating conflicts with stakeholders. Finally, we reveal that CSR performance has a positive impact on the value of cash holdings (...)
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  • J.M. Keynes, F.A. Hayek and the Common Reader.Constantinos Repapis - 2014 - Economic Thought 3 (2):1.
    This paper gives an account of the debate between F.A. Hayek and J.M. Keynes in the 1930s written for the general public. The purpose of this is twofold. First, to provide the general reader with a narrative of what happened, … More ›.
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  • Parallel Experimentation: a basic scheme for dynamic efficiency.David Ellerman - 2014 - Journal of Bioeconomics 16 (3):259–287.
    Evolutionary economics often focuses on the comparison between economic competition and the process of natural selection to select the fitter members of a given population. But that neglects the other "half" of an evolutionary process, the mechanism for the generation of new possibilities that is key to dynamic efficiency. My topic is the process of parallel experimentation which I take to be a process of multiple experiments running concurrently with some form of common goal, with some semi-isolation between the experiments, (...)
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  • IP Pavlov and the freedom reflex.B. Baars - 2003 - Journal of Consciousness Studies 10 (11):19-40.
    Why was Ivan Pavlevich Pavlov so widely celebrated in the decades after 1900? As his story of the 'freedom reflex' illustrates, Pavlov often overstated his observations. By calling all innate behaviour a reflex and all learned behaviour a conditional reflex, he meant to eliminate consciousness and volition from science. Pavlov's universal reflex explanation became the prototype for behaviourism.
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  • Can goals be uniquely defined?Ilana Ritov - 1994 - Behavioral and Brain Sciences 17 (1):28-29.
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  • What goals are to count?Mark D. Spranca - 1994 - Behavioral and Brain Sciences 17 (1):29-30.
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  • Why care where moral intuitions come from?Susan Dwyer - 1994 - Behavioral and Brain Sciences 17 (1):14-15.
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  • Side effects: Limitations of human rationality.Keith Oatley - 1994 - Behavioral and Brain Sciences 17 (1):24-25.
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  • Broadening the base for bringing cognitive psychology to bear on ethics.Peter Railton - 1994 - Behavioral and Brain Sciences 17 (1):27-28.
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  • Reflexivity, uncertainty and the unity of science.Alex Rosenberg - 2013 - Journal of Economic Methodology 20 (4):429-438.
    The paper argues that substantial support for Soros' claims about uncertainty and reflexivity in economics and human affairs generally are provided by the operation of both factors in the biological domain to produce substantially the same processes which have been recognized by ecologists and evolutionary biologists. In particular predator prey relations have their sources in uncertainty – i.e. the random character of variations, and frequency dependent co-evolution – reflexivity. The paper argues that despite Soros' claims, intentionality is not required to (...)
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  • Maintaining (environmental) capital intact.Emma Rothschild - 2011 - Modern Intellectual History 8 (1):193-212.
    The idea of sustainability is an odd composite of imagination and accounting. Environmental history is a permissive historical subdiscipline, and this essay is about the environmental???economic???intellectual history of an environmental idea, sustainability, which is historical in the sense that it is very old, and historical, too, in the sense that it is an idea about history, or about imagining the future in relation to the past. One of the oddities of the last several decades is that these old ideas have (...)
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  • (1 other version)Keynesov animal spirit. Filozofski aspekti učenja Johna Maynarda Keynesa o uzrocima ekonomskih kriza i opravdanju državne intervencije.Aneli Dragojević Mijatović - 2012 - Filozofska Istrazivanja 32 (3-4):557-567.
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  • Fallibility, Reflexivity, and the Human Uncertainty Principle.George Soros - 2013 - Journal of Economic Methodology 20 (4):309-329.
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  • The Road to Serfdom's Economistic Worldview.François Godard - 2013 - Critical Review: A Journal of Politics and Society 25 (3):364-385.
    At the end of World War II, F. A. Hayek denounced the then-popular idea of central planning by arguing that, if pursued to its logical conclusion, it would entail totalitarianism. But there were at least two problems. First, judging by his example of Nazi Germany, state control over the economy appears to be a consequence, not a cause, of the monopolization of political power. Second, he conflated socialism and mere interference in the market with central planning. Therefore, history did not (...)
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  • Psychoanalysis, colonialism, racism.Stephen Frosh - 2013 - Journal of Theoretical and Philosophical Psychology 33 (3):141.
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  • Marx, Schumpeter and the Myths of Economic Rationality.Christoph Deutschmann - 1998 - Thesis Eleven 53 (1):45-64.
    This article explores parallels between Marx's and Schumpeter's theories of capitalist development, and discusses the relationship of these classical approaches to later constructivist theories of technological and organizational changes. It is suggested that Marxian and Schumpeterian ideas could be combined in a way which remedies the weaknesses of both sides, and provides a better understanding of the innovative dynamics of capitalism; such a synthesis could then be linked to a constructivist model of the rise and fall of economic `myths'.
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  • Slaves of the defunct: the epistemic intractability of the Hayek–Keynes debate.Scott Scheall - 2015 - Journal of Economic Methodology (2):1-20.
    The present essay addresses the epistemic difficulties involved in achieving consensus with respect to the Hayek–Keynes debate. It is argued that the empirical implications of the relevant theories are such that, regardless of what is observed, both theories can be interpreted as true, or at least, as not falsified. The essay explicates the respects in which the empirical evidence underdetermines the choice between the relevant theories. In particular, it is argued both that there are convenient responses that protect each theory (...)
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  • Agent-Based Computational Economics: A Constructive Approach to Economic Theory.Leigh Tesfatsion - 2006 - In Leigh Tesfatsion & Kenneth L. Judd (eds.), Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics. Amsterdam, The Netherlands: Elsevier.
    Economies are complicated systems encompassing micro behaviors, interaction patterns, and global regularities. Whether partial or general in scope, studies of economic systems must consider how to handle difficult real-world aspects such as asymmetric information, imperfect competition, strategic interaction, collective learning, and the possibility of multiple equilibria. Recent advances in analytical and computational tools are permitting new approaches to the quantitative study of these aspects. One such approach is Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic (...)
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  • Markets.Lisa Herzog - forthcoming - Stanford Encyclopedia of Philosophy 2013.
    This article presents the most important strands of the philosophical debate about markets. It offers some distinctions between the concept of markets and related concepts, as well as a brief outline of historical positions vis-à-vis markets. The main focus is on presenting the most common arguments for and against markets, and on analyzing the ways in which markets are related to other social institutions. In the concluding section questions about markets are connected to two related themes, methodological questions in economics (...)
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  • Herding, social influence and expert opinion.Michelle Baddeley - 2013 - Journal of Economic Methodology 20 (1):35 - 44.
    (2013). Herding, social influence and expert opinion. Journal of Economic Methodology: Vol. 20, Methodology, Systemic Risk, and the Economics Profession, pp. 35-44. doi: 10.1080/1350178X.2013.774845.
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  • Imagining as a Guide to Possibility.Peter Kung - 2010 - Philosophy and Phenomenological Research 81 (3):620-663.
    I lay out the framework for my theory of sensory imagination in “Imagining as a guide to possibility.” Sensory imagining involves mental imagery , and crucially, in describing the content of imagining, I distinguish between qualitative content and assigned content. Qualitative content derives from the mental image itself; for visual imaginings, it is what is “pictured.” For example, visually imagine the Philadelphia Eagles defeating the Pittsburgh Steelers to win their first Super Bowl. You picture the greenness of the field and (...)
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  • Terminology Matters: A Critical Exploration of Corporate Social Responsibility Terms. [REVIEW]Denise Baden & Ian A. Harwood - 2013 - Journal of Business Ethics 116 (3):615-627.
    The purpose of this paper is to highlight the importance and impact of terminology used to describe corporate social responsibility (CSR). Through a review of key literature and concepts, we uncover how the economic business case has become the dominant driver behind CSR action. With reference to the literature on semiotics, connotative meaning and social marketing we explore how the terminology itself may have facilitated this co-opting of an ethical concept by economic interests. The broader issue of moral muteness and (...)
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  • Property and Contract in Economics: The Case for Economic Democracy.David P. Ellerman - 1992 - Blackwell.
    From a pre-publication review by the late Austrian economist, Don Lavoie, of George Mason University: -/- "The book's radical re-interpretation of property and contract is, I think, among the most powerful critiques of mainstream economics ever developed. It undermines the neoclassical way of thinking about property by articulating a theory of inalienable rights, and constructs out of this perspective a "labor theory of property" which is as different from Marx's labor theory of value as it is from neoclassicism. It traces (...)
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  • Flow, Code and Stock: A Note on Deleuze's Political Philosophy.Daniel W. Smith - 2011 - Deleuze and Guatarri Studies 5 (Suppl):36-55.
    In Anti-Oedipus, Deleuze and Guattari claim that a general theory of society must be a generalised theory of flows. This is hardly a straightforward claim, and this paper attempts to examine the grounds for it. Why should socio-political theory be based on a theory of flows rather than, say, a theory of the social contract, or a theory of the State, or the questions of legitimation or revolution, or numerous other possible candidates? The concept of flow (and the related notions (...)
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  • (1 other version)Where did economics go wrong? Modern economics as a flight from reality.Peter J. Boettke - 1997 - Critical Review: A Journal of Politics and Society 11 (1):11-64.
    F. A. Hayek's realistic economic theory has been replaced by the formalistic use of equlibrium models that bear little resemblance to reality. These models are as serviceable to the right as to the left: they allow the economist either to condemn capitalism for failing to measure up to the model of perfect competition, or to praise capitalism as a utopia of perfect knowledge and rational expectations. Hayek, by contrast, used equilibrium to show that while capitalism is not perfect, it contains (...)
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  • (1 other version)Critical Realism and the Strategic-Relational Approach: Comments on a Non-Typical KWNS-SWPR Experience.Héctor Montiel - 2007 - Journal of Critical Realism 6 (1):84-110.
    This article opens with a brief analysis of key features of the Mexican semi-authoritarian regime. It then moves to a discussion of the critical realist positions and features that inform the strategic-relational approach. Attention is paid to social interactions and causal relations that enable the SRA to trace patterns of punctuated evolution and to highlight the processes of transformation. Since ideal types serve to highlight key characteristics in specifc phenomena, processes and actors, some features of ideal types of the state (...)
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  • Lifetime Uncertainty and Time Preference.Nicolas Drouhin - 2001 - Theory and Decision 51 (2/4):145-172.
    Despite Fisher's (1930) psychological intuitions of and the formal treatment given by Yaari (1965, Review of Economic Studies 32, 137), the intertemporal model of choice is mainly a model with certain lifetime. The purpose of this paper is to reconsider this assumption, starting from a very simple two-period model of choice with lifetime uncertainty. We examine the comparative statics of the model at the first two orders and replace the concept of `pure time preference' by taking into account the subjective (...)
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  • De Finetti was Right: Probability Does Not Exist.Robert F. Nau - 2001 - Theory and Decision 51 (2/4):89-124.
    De Finetti's treatise on the theory of probability begins with the provocative statement PROBABILITY DOES NOT EXIST, meaning that probability does not exist in an objective sense. Rather, probability exists only subjectively within the minds of individuals. De Finetti defined subjective probabilities in terms of the rates at which individuals are willing to bet money on events, even though, in principle, such betting rates could depend on state-dependent marginal utility for money as well as on beliefs. Most later authors, from (...)
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  • The Common Prior Assumption in Economic Theory.Stephen Morris - 1995 - Economics and Philosophy 11 (2):227.
    Why is common priors are implicit or explicit in the vast majority of the differential information literature in economics and game theory? Why has the economic community been unwilling, in practice, to accept and actually use the idea of truly personal probabilities in much the same way that it did accept the idea of personal utility functions? After all, in, both the utilities and probabilities are derived separately for each decision maker. Why were the utilities accepted as personal, and the (...)
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  • On having no reason: dogmatism and Bayesian confirmation.Peter Kung - 2010 - Synthese 177 (1):1 - 17.
    Recently in epistemology a number of authors have mounted Bayesian objections to dogmatism. These objections depend on a Bayesian principle of evidential confirmation: Evidence E confirms hypothesis H just in case Pr(H|E) > Pr(H). I argue using Keynes' and Knight's distinction between risk and uncertainty that the Bayesian principle fails to accommodate the intuitive notion of having no reason to believe. Consider as an example an unfamiliar card game: at first, since you're unfamiliar with the game, you assign credences based (...)
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  • A plea for realistic assumptions in economic modelling.Leonardo Ivarola - 2018 - Theoria: Revista de Teoría, Historia y Fundamentos de la Ciencia 33 (3):417-433.
    The use of unrealistic assumptions in Economics is usually defended not only for pragmatic reasons, but also because of the intrinsic difficulties in determining the degree of realism of assumptions. Additionally, the criterion used for evaluating economic models is associated with their ability to provide accurate predictions. This mode of thought involves –at least implicitly– a commitment to the existence of unvarying invariant factors or regularities. Contrary to this, the present paper presents a critique to the use of invariant knowledge (...)
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  • How does it work?: The search for explanatory mechanisms.Mario Bunge - 2004 - Philosophy of the Social Sciences 34 (2):182-210.
    This article addresses the following problems: What is a mechanism, how can it be discovered, and what is the role of the knowledge of mechanisms in scientific explanation and technological control? The proposed answers are these. A mechanism is one of the processes in a concrete system that makes it what it is — for example, metabolism in cells, interneuronal connections in brains, work in factories and offices, research in laboratories, and litigation in courts of law. Because mechanisms are largely (...)
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  • Keynes's Theory of Probability and Its Relevance to His Economics: Three Theses.Allin Cottrell - 1993 - Economics and Philosophy 9 (1):25-51.
    One calls a lot of things propositions. If one sees this, then one can discard the idea Russell and Frege had that logic is a science of certain objects – propositions, functions, the logical constants – and that logic is like a natural science such as zoology and talks about these objects as zoology talks of animals. Like a natural science, it could supposedly discover certain relations. For example, Keynes claimed to discover a probability relation which was like implication, yet (...)
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  • Keynes's Changing Conception of Probability.Bradley W. Bateman - 1987 - Economics and Philosophy 3 (1):97-119.
    One of the most actively discussed aspects of Keynes's thought during the last decade has been his concern with uncertainty and probability theory. As the concerns of current macroeconomic theorists have turned increasingly to the effects of expectations and uncertainty, interest has grown in the fact that Keynes was the author of A Treatise on Probability and that uncertainty plays a prominent role in Chapter 12 of The General Theory as well as in three 1937 papers in which he summarized (...)
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  • Idealizing Reduction: The Microfoundations of Macroeconomics. [REVIEW]Kevin D. Hoover - 2010 - Erkenntnis 73 (3):329 - 347.
    The dominant view among macroeconomists is that macroeconomics reduces to microeconomics, both in the sense that all macroeconomic phenomena arise out of microeconomic phenomena and in the sense that macroeconomic theory—to the extent that it is correct—can be derived from microeconomic theory. More than that, the dominant view believes that macroeconomics should in practice use the reduced microeconomic theory: this is the program of microfoundations for macroeconomics to which the vast majority of macroeconomists adhere. The "microfoundational" models that they actually (...)
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  • Keynes, Uncertainty and Interest Rates.Brian Weatherson - 2002 - Cambridge Journal of Economics 26 (1):47-62.
    Uncertainty plays an important role in The General Theory, particularly in the theory of interest rates. Keynes did not provide a theory of uncertainty, but he did make some enlightening remarks about the direction he thought such a theory should take. I argue that some modern innovations in the theory of probability allow us to build a theory which captures these Keynesian insights. If this is the right theory, however, uncertainty cannot carry its weight in Keynes’s arguments. This does not (...)
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  • Pragmatism, realism and the economist/economy divide.Alan Shipman - 2003 - Foundations of Science 8 (1):23-50.
    A centipede can walk until it thinks about howit does so. Thereafter it stumbles, over thesheer impossibility of the information andcoordination required. Life in the economy islittle different. Those engaged in productionand exchange discover, pragmatically, ways tomake them work. Those observing the processsee, realistically, the immense improbabilitythat it should do so. That most economies workin practice, but must pass such toughteleological tests to succeed in theory,highlights a difference between players' andspectators' outlook which may help to explainwhy the game has repeatedly (...)
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  • Causality and temporal order in macroeconomics or why even economists don't know how to get causes from probabilities.Evin D. Hoover - 1993 - British Journal for the Philosophy of Science 44 (4):693-710.
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  • Would introductory chemistry courses work better with a new philosophical basis?Joseph E. Earley - 2004 - Foundations of Chemistry 6 (3):137-160.
    One of the main functions that introductory chemistry courses have fulfilled during the past century has been to provide evidence for the general validity of 'the atomic hypothesis.' A second function has been to demonstrate that an analytical approach has wide applicability in rationalizing many kinds of phenomena. Following R.G. Collingwood, these two functions can be recognized as related to a philosophical 'cosmology' (worldview, weltanshauung) that became dominant in the later Renaissance. Recent developments in many areas of science, and in (...)
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  • Confidence: Time and emotion in the sociology of action.J. M. Barbalet - 1993 - Journal for the Theory of Social Behaviour 23 (3):229–247.
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  • Systems and emergence, rationality and imprecision, free-wheeling and evidence, science and ideology: Social science and its philosophy according to Van den Berg.Mario Bunge - 2001 - Philosophy of the Social Sciences 31 (3):404-423.
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  • Credit, Indebtedness and Speculation in Marx's Political Economy.Miguel D. Ramirez - 2019 - Economic Thought 8:46.
    This paper contends that Marx develops in Volume III of Capital an incisive conceptual framework in which excessive credit creation, indebtedness and speculation play a critical and growing role in the reproduction of social capital on an extended basis; however, given the decentralised and anarchic nature of capitalist production, the credit system does so in a highly erratic and contradictory manner which only postpones the inevitable day of reckoning. The paper also highlights Marx's relatively neglected but highly important analysis of (...)
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  • Foundations or Bridges? A review of J. E. King's The microfoundations delusion: metaphor and dogma in the history of macroeconomics. Edward Elgar, 2012, 304 pp. [REVIEW]Kevin D. Hoover - 2013 - Erasmus Journal for Philosophy and Economics 6 (2):88.
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  • Managing Complexity Through Social Intelligence: Foundations of the Modern Organic Corporatist State.Jeremy Horne - 2023 - Springer.
    Abstracts of each chapter may be found by typing in your browser search bar, "Jeremy Horne, Managing Complexity Through Social Intelligence: Foundations of the Modern Organic Corporatist State", going to the Springer Publishing website and reading the abstracts for each chapter.
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  • Can Becoming Bilingualism In The Childhood And Becoming Bilingual Later Be Parallel?Emin Yas - 2022 - Journal of Current Debates in Social Sciences 2 (2):243-249.
    In the globalizing world foreign language learning is becoming more and more important. This case leads to new developments in language learning research. The purpose of this study is to depict whether the second language learning would occur better in the childhood or later. In other words to investigate the question of in which period of bilingualism it will be better. In order to answer this question, important sources in the linguistic field, related to the topic, were highlighted. The important (...)
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  • When the “realism of assumptions” mattered: Milton Friedman's critique of the Phillips curve.Marcos Picchio - 2022 - Studies in History and Philosophy of Science 94 (C):8-16.
    In this paper I challenge the pernicious aspects of Milton Friedman's methodological outlook that continues to hold sway over mainstream neoclassical economists. I do this by showing how Friedman's own methodological dicta could have been used against him when he famously advanced the expectations critique of the Phillips curve at his presidential address to the American Economic Association. I use this case study to further suggest that psychological and neurophysiological data should not be deemed irrelevant to economic science.
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