Results for 'welfare economics'

865 found
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  1. Pure Time Preference in Intertemporal Welfare Economics.J. Paul Kelleher - 2017 - Economics and Philosophy 33 (3):441-473.
    Several areas of welfare economics seek to evaluate states of affairs as a function of interpersonally comparable individual utilities. The aim is to map each state of affairs onto a vector of individual utilities, and then to produce an ordering of these vectors that can be represented by a mathematical function assigning a real number to each. When this approach is used in intertemporal contexts, a central theoretical question concerns the evaluative weight to be applied to utility coming (...)
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  2. Mark Blaug on the Normativity of Welfare Economics.D. Wade Hands - 2013 - Erasmus Journal for Philosophy and Economics 6 (3):1-25.
    Abstract: This paper examines Mark Blaug's position on the normative character of Paretian welfare economics: in general, and specifically with respect to his debate with Pieter Hennipman over this question during the 1990s. The paper also clarifies some of the confusions that emerged within the context of this debate, and closes by providing some additional arguments supporting Blaug's position that he himself did not provide.
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  3.  61
    Value Commitment, Resolute Choice, and the Normative Foundations of Behavioral Welfare Economics.C. Tyler DesRoches - forthcoming - Journal of Applied Philosophy.
    Given the endowment effect, the role of attention in decision-making, and the framing effect, most behavioral economists agree that it would be a mistake to accept the satisfaction of revealed preferences as the normative criterion of choice. Some have suggested that what makes agents better off is not the satisfaction of revealed preferences, but ‘true’ preferences, which may not always be observed through choice. While such preferences may appear to be an improvement over revealed preferences, some philosophers of economics (...)
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  4. Welfare Economics and the Welfare State in Historical Perspective.Karen Knight - manuscript
    Although the economic thought of Marshall and Pigou was united by ethical positions broadly considered utilitarian, differences in their intellectual milieu led to degrees of difference between their respective philosophical visions. This change in milieu includes the influence of the little understood period of transition from the early idealist period in Great Britain, which provided the context to Marshall’s intellectual formation, and the late British Idealist period, which provided the context to Pigou’s intellectual formation. During this latter period, the pervading (...)
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  5. A Concept of Progress for Normative Economics.Philippe Mongin - 2006 - Economics and Philosophy 22 (1):19-54.
    The paper discusses the sense in which the changes undergone by normative economics in the twentieth century can be said to be progressive. A simple criterion is proposed to decide whether a sequence of normative theories is progressive. This criterion is put to use on the historical transition from the new welfare economics to social choice theory. The paper reconstructs this classic case, and eventually concludes that the latter theory was progressive compared with the former. It also (...)
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  6. Les origines de la distinction entre positif et normatif en économie.Philippe Mongin - 2018 - Revue Philosophique De Louvain 116 (2):151–186.
    Abstract: Economists are accustomed to distinguishing between a positive and a normative component of their work, a distinction that is peculiar to their field, having no exact counterpart in the other social sciences. The distinction has substantially changed over time, and the different ways of understanding it today are reflective of its history. Our objective is to trace the origins and initial forms of the distinction, from the English classical political economy of the first half of the 19th century to (...)
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  7. Value Judgements and Value Neutrality in Economics.Philippe Mongin - 2006 - Economica 73 (290):257-286.
    The paper analyses economic evaluations by distinguishing evaluative statements from actual value judgments. From this basis, it compares four solutions to the value neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate) and non-neutrality (the social sciences are value-impregnated), the paper settles the case between the weak neutrality thesis (common in welfare economics) and a novel, weak non-neutrality thesis that extends the realm of normative economics more widely than the (...)
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  8. The Moral Justification of Benefit/Cost Analysis: Donald C. Hubin.Donald C. Hubin - 1994 - Economics and Philosophy 10 (2):169-194.
    Benefit/cost analysis is a technique for evaluating programs, procedures, and actions; it is not a moral theory. There is significant controversy over the moral justification of benefit/cost analysis. When a procedure for evaluating social policy is challenged on moral grounds, defenders frequently seek a justification by construing the procedure as the practical embodiment of a correct moral theory. This has the apparent advantage of avoiding difficult empirical questions concerning such matters as the consequences of using the procedure. So, for example, (...)
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  9.  14
    Varieties of Capitalism and Welfare States.Narmin Baghirzade - 2020 - SEA-Practical Application of Science 8 (23):163-168.
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  10.  95
    Changing Higher Education and Welfare States in Postcommunist Central Europe: New Contexts Leading to New Typologies?Marek Kwiek - 2014 - Human Affairs 24 (1):48-67.
    The paper links higher education reforms and welfare states reforms in postcommunist Central European countries. It links current higher education debates and public sector debates , stressing the importance of communist-era legacies in both areas. It refers to existing typologies of both higher education governance and welfare state regimes and concludes that the lack of the inclusion of Central Europe in any of them is a serious theoretical drawback in comparative social research. The region should still, after more (...)
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  11.  35
    "The Taste Approach?. Governance Beyond Libertarian Paternalism.Tor Otterholt - 2010 - Revue de Philosophie Économique 11 (1):57.
    Well-being can be promoted in two ways. Firstly, by affecting the quantity, quality and allocation of bundles of consumption (the Resource Approach), and secondly, by influencing how people benefit from their goods (the Taste Approach). Whereas the former is considered an ingredient of economic analysis, the latter has conventionally not been included in that field. By identifying the gain the Taste Approach might yield, the article questions whether this asymmetry is justified. If successfully exercised, the Taste Approach might not only (...)
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  12.  44
    Nach welchen Prinzipien sollte der Staat die Verteilung von Gütern gestalten? Eine systematische Darstellung der Diskussion zwischen John Rawls und John Harsanyi.David Pomerenke - manuscript
    Harsanyi und Rawls haben zu der Frage, wie die wichtigen Güter in einem Staat verteilt sein sollten, zwei sehr ähnliche Theorien entwickelt, kommen aber zu unterschiedlichen Schlüssen. Harsanyi plädiert für eine utilitaristische Regel, Rawls dagegen für eine Regel, die sich auf diejenigen konzentriert, denen es in der Gesellschaft am schlechtesten geht. Die fast fünfzig Jahre andauernde Diskussion zwischen den beiden wird hier systematisch dargestellt und analysiert. Erstens wird gezeigt, dass sich unter Berücksichtigung von Abneigung gegen Risiko und abnehmendem Grenznutzen die (...)
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  13. Ethical Aspects of Multi-Stakeholder Recommendation Systems.Silvia Milano, Mariarosaria Taddeo & Luciano Floridi - manuscript
    This article analyses the ethical aspects of multistakeholder recommendation systems (RSs). Following the most common approach in the literature, we assume a consequentialist framework to introduce the main concepts of multistakeholder recommendation. We then consider three research questions: who are the stakeholders in a RS? How are their interests taken into account when formulating a recommendation? And, what is the scientific paradigm underlying RSs? Our main finding is that multistakeholder RSs (MRSs) are designed and theorised, methodologically, according to neoclassical (...) economics. We consider and reply to some methodological objections to MRSs on this basis, concluding that the multistakeholder approach offers the resources to understand the normative social dimension of RSs. (shrink)
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  14. The Problem of Unemployment.Dimitria Electra Gatzia - 2012 - Economics, Management, and Financial Markets 7 (2):36-54.
    The aim of this paper is to address the problem of unemployment. Economists generally agree that a zero rate of unemployment is not only unattainable but also undesirable within capitalism. This is problematic because, as it will be shown, unemployment has adverse effects on both individuals and societies. Assuming that the primary aim of economics is to improve people’s lives, it behooves us to find a solution to the problem of unemployment. Two solutions will be offered. The first works (...)
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  15. On a Fallacy in the Kaldor-Hicks Efficiency-Equity Analysis.David Ellerman - 2014 - Constitutional Political Economy 25 (2):125-136.
    This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a "same-yardstick" fallacy (a fallacy pointed out by Paul Samuelson in another context). These results have negative implications for cost-benefit analysis, the wealth-maximization approach to law and economics, and other parts of applied welfare economics--as well as for the whole vision of economics based on the "production and distribution of social wealth.".
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  16. Ethics of the Scientist Qua Policy Advisor: Inductive Risk, Uncertainty, and Catastrophe in Climate Economics.David Frank - 2019 - Synthese:3123-3138.
    This paper discusses ethical issues surrounding Integrated Assessment Models (IAMs) of the economic effects of climate change, and how climate economists acting as policy advisors ought to represent the uncertain possibility of catastrophe. Some climate economists, especially Martin Weitzman, have argued for a precautionary approach where avoiding catastrophe should structure climate economists’ welfare analysis. This paper details ethical arguments that justify this approach, showing how Weitzman’s “fat tail” probabilities of climate catastrophe pose ethical problems for widely used IAMs. The (...)
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  17. The Impartial Observer Theorem of Social Ethics.Philippe Mongin - 2001 - Economics and Philosophy 17 (2):147-179.
    Following a long-standing philosophical tradition, impartiality is a distinctive and determining feature of moral judgments, especially in matters of distributive justice. This broad ethical tradition was revived in welfare economics by Vickrey, and above all, Harsanyi, under the form of the so-called Impartial Observer Theorem. The paper offers an analytical reconstruction of this argument and a step-wise philosophical critique of its premisses. It eventually provides a new formal version of the theorem based on subjective probability.
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  18. Why Economics Needs Ethical Theory.John Broome - 2008 - In Kaushik Basu & Ravi Kanbur (eds.), Arguments for a Better World: Essays in Honor of Amartya Sen: Volume I: Ethics, Welfare, and Measurement and Volume Ii: Society, Institutions, and Development. Oxford University Press.
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  19. 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. 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 (...)
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  20. Underdetermination in Economics: The Duhem-Quine Thesis.K. R. Sawyer, Howard Sankey & Clive Beed - 1997 - Economics and Philosophy 13 (1):1-23.
    This paper considers the relevance of the Duhem-Quine thesis in economics. In the introductory discussion which follows, the meaning of the thesis and a brief history of its development are detailed. The purpose of the paper is to discuss the effects of the thesis in four specific and diverse theories in economics, and to illustrate the dependence of testing the theories on a set of auxiliary hypotheses. A general taxonomy of auxiliary hypotheses is provided to demonstrate the confounding (...)
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  21. Progress in Economics: Lessons From the Spectrum Auctions.Anna Alexandrova & Robert Northcott - 2009 - In Harold Kincaid & Don Ross (eds.), The Oxford Handbook of Philosophy of Economics. Oxford University Press. pp. 306--337.
    The 1994 US spectrum auction is now a paradigmatic case of the successful use of microeconomic theory for policy-making. We use a detailed analysis of it to review standard accounts in philosophy of science of how idealized models are connected to messy reality. We show that in order to understand what made the design of the spectrum auction successful, a new such account is required, and we present it here. Of especial interest is the light this sheds on the issue (...)
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  22. The Philosophy of Austrian Economics[REVIEW]Barry Smith - 1994 - The Review of Austrian Economics 7 (2):127-132.
    Review of The Philosophical Origins of Austrian Economics, by David Gordon. Auburn, Alabama: Ludwig von Mises Institute, 1993.
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  23. Realism, Commonsensibles, and Economics:The Case of Contemporary Revealed Preference Theory.D. Wade Hands - 2012 - In Aki Lehtinen, Jaakko Kuorikoski & Petri Ylikoski (eds.), Economics for Real: Uskali Mäki and the Place of Truth in Economics. Routledge. pp. 156-178.
    This paper challenges Mäki's argument about commonsensibles by offering a case study from contemporary microeconomics – contemporary revealed preference theory (hereafter CRPT) – where terms like "preference," "utility," and to some extent "choice," are radical departures from the common sense meanings of these terms. Although the argument challenges the claim that economics is inhabited solely by commonsensibles, it is not inconsistent with such folk notions being common in economic theory.
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  24.  81
    Milton Friedman: Economics in Theory and Practice, by Abraham Hirsch and Neil de Marchi, University of Michigan Press, 1990, VIII+325 Pages. [REVIEW]Philippe Mongin - 1992 - Economics and Philosophy 8 (1):183-191.
    A review of A. Hisch and N. de Marchi's thorough historical study on Milton Friedman's life-long work as an economist (and more specifically as a monetary economist) and as an economic methodologist (in his famous essay "The Methodology of Positive Economics".
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  25. Veganism, Animal Welfare, and Causal Impotence.Samuel J. M. Kahn - forthcoming - Journal of Animal Ethics.
    Proponents of the utilitarian animal welfare argument (AWA) for veganism maintain that it is reasonable to expect that adopting a vegan diet will decrease animal suffering. In this paper I argue otherwise. I maintain that (i) there are plausible scenarios in which refraining from meat-consumption will not decrease animal suffering; (ii) the utilitarian AWA rests on a false dilemma; and (iii) there are no reasonable grounds for the expectation that adopting a vegan diet will decrease animal suffering. The paper (...)
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  26. Artificial Reproduction, the 'Welfare Principle', and the Common Good.David Oderberg & J. A. Laing - unknown
    This article challenges the view most recently expounded by Emily Jackson that ‘decisional privacy’ ought to be respected in the realm of artificial reproduction (AR). On this view, it is considered an unjust infringement of individual liberty for the state to interfere with individual or group freedom artificially to produce a child. It is our contention that a proper evaluation of AR and of the relevance of welfare will be sensitive not only to the rights of ‘commissioning parties’ to (...)
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  27.  15
    Improving Invertebrate Welfare.Heather Browning & Walter Veit - 2020 - Animal Sentience 29 (4).
    Mikhalevich & Powell (2020) argue that it is wrong, both scientifically and morally, to dismiss the evidence for sentience in invertebrates. They do not offer any examples, however, of how their welfare should be considered or improved. We draw on animal welfare science to suggest some ways that would not be excessively demanding.
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  28. Healthcare Consumers’ Sensitivity to Costs: A Reflection on Behavioural Economics From an Emerging Market.Quan-Hoang Vuong, Tung-Manh Ho, Hong-Kong Nguyen & Thu-Trang Vuong - 2018 - Palgrave Communications 4:70.
    Decision-making regarding healthcare expenditure hinges heavily on an individual's health status and the certainty about the future. This study uses data on propensity of general health exam (GHE) spending to show that despite the debate on the necessity of GHE, its objective is clear—to obtain more information and certainty about one’s health so as to minimise future risks. Most studies on this topic, however, focus only on factors associated with GHE uptake and overlook the shifts in behaviours and attitudes regarding (...)
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  29.  25
    The Argument Against Neutrality About the Size of Population.David Pomerenke - manuscript
    How should we as a society value changes in population size? The question may be crucial when evaluating global warming scenarios. I defend the intuition of neutrality, which answers a part of the question. It states that – other things being equal – it is ethically irrelevant whether or not additional people are added to a population. The argument against neutrality criticizes the intuition of neutrality as inconsistent. The contribution of this thesis is twofold: First, the framework of welfare (...)
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  30.  53
    The Entitlement Theory of Justice in Nozick’s Anarchy, State and Utopia.Okpe Timothy Adie & Joseph Simon Effenji - 2018 - GNOSI: An Interdisciplinary Journal of Human Theory and Praxis 1 (1):79-68.
    Nozick’s entitlement theory of justice has its major attempts to defend the institution of private property and to criticize the redistributive measures on the part of government. Nozick frowns at Rawls’ approach and the approach of welfare economics, which focused on evaluating only current time-slices of a distribution with no concern about the procedural aspects of justice. His notion of distributive justice has its anchorage on the account of what and how a given person is entitled to in (...)
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  31. Utilitarianism, Welfare, Children.Anthony Skelton - 2014 - In Alexander Bagattini & Colin Macleod (eds.), The Nature of Children's Well-Being: Theory and Practice. Springer. pp. 85-103.
    Utilitarianism is the view according to which the only basic requirement of morality is to maximize net aggregate welfare. This position has implications for the ethics of creating and rearing children. Most discussions of these implications focus either on the ethics of procreation and in particular on how many and whom it is right to create, or on whether utilitarianism permits the kind of partiality that child rearing requires. Despite its importance to creating and raising children, there are, by (...)
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  32. Genetically Modifying Livestock for Improved Welfare: A Path Forward.Adam Shriver & Emilie McConnachie - 2018 - Journal of Agricultural and Environmental Ethics 31 (2):161-180.
    In recent years, humans’ ability to selectively modify genes has increased dramatically as a result of the development of new, more efficient, and easier genetic modification technology. In this paper, we argue in favor of using this technology to improve the welfare of agricultural animals. We first argue that using animals genetically modified for improved welfare is preferable to the current status quo. Nevertheless, the strongest argument against pursuing gene editing for welfare is that there are alternative (...)
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  33.  45
    A Critical Evaluation Of Traditional African Family System And Contemporary Social Welfare.Emmanuel Orok Duke & Elizabeth Okon John - 2019 - Nduñòde 15 (1).
    Beyond reasonable doubt, the influence of Western culture and civilizations has enervated traditional African family systems, and their functions as providers of social welfare. Hitherto, traditional African family and clan by extension served as the plausible medium by which Africans proffered solutions to those social, economic and other existential problems found within their communities. However, measuring and evaluating the successes of the various social welfare programs organized by the family and clan was a difficult task to achieve. It (...)
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  34.  18
    The Road Not Taken – Reading Calabresi’s “The Future of Law and Economics”.Paolo Silvestri - 2019 - Global Jurist 19 (3):1-7.
    The publication of Guido Calabresi’s book “The Future of Law and Economics” has drawn a substantial amount of attention among law and economics scholars. We thought that the best way to devote special attention to this book was to devote a Special issue to it. This article situates Calabresi’s book among other reflections on the future of the discipline, introduces and explains the reasons behind this Special issue and discuss the organization and content of it. -/- We emphasize (...)
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  35. Preferences and Positivist Methodology in Economics.Christopher Clarke - 2016 - Philosophy of Science 83 (2):192-212.
    I distinguish several doctrines that economic methodologists have found attractive, all of which have a positivist flavour. One of these is the doctrine that preference assignments in economics are just shorthand descriptions of agents' choice behaviour. Although most of these doctrines are problematic, the latter doctrine about preference assignments is a respectable one, I argue. It doesn't entail any of the problematic doctrines, and indeed it is warranted independently of them.
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  36. Attraction, Description and the Desire-Satisfaction Theory of Welfare.Eden Lin - 2016 - Journal of Ethics and Social Philosophy (1):1-8.
    The desire-satisfaction theory of welfare says that what is basically good for a subject is the satisfaction of his desires. One challenge to this view is the existence of quirky desires, such as a desire to count blades of grass. It is hard to see why anyone would desire such things, and thus hard to believe that the satisfaction of such desires could be basically good for anyone. This suggests that only some desires are basically good when satisfied, and (...)
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  37.  23
    Economics Imperialism Reconsidered.S. M. Amadae - 2017 - In Uskali Mäki, Manuela Fernández Pinto & Adrian Walsh (eds.), Scientific Imperialism: Exploring the Boundaries of Interdisciplinarity. New York, NY, USA: pp. 140-160.
    This paper reconsiders whether rational choice and game theory represent cases of economics imperialism. It follows the work of Uskali Maki who analyzes the significance and characteristics of disciplinary imperialism in natural science and social science. "Economics Imperialism" is a term often used to describe the increasing impact and reach of economics with respect to its encroachment on other disciplines including political science and psychology. Maki provides a framework for assessing whether the influence of one discipline on (...)
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  38. The Current State of Medical School Education in Bioethics, Health Law, and Health Economics.Govind C. Persad, Linden Elder, Laura Sedig, Leonardo Flores & Ezekiel J. Emanuel - 2008 - Journal of Law, Medicine and Ethics 36 (1):89-94.
    Current challenges in medical practice, research, and administration demand physicians who are familiar with bioethics, health law, and health economics. Curriculum directors at American Association of Medical Colleges-affiliated medical schools were sent confidential surveys requesting the number of required hours of the above subjects and the years in which they were taught, as well as instructor names. The number of relevant publications since 1990 for each named instructor was assessed by a PubMed search.In sum, teaching in all three subjects (...)
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  39. Mainstream Economics and the Austrian School: Toward Reunification.Adam K. Pham - 2017 - Erasmus Journal for Philosophy and Economics 10 (1):41-63.
    In this paper, I compare the methodology of the Austrian school to two alternative methodologies from the economic mainstream: the ‘orthodox’ and revealed preference methodologies. I argue that Austrian school theorists should stop describing themselves as ‘extreme apriorists’ (or writing suggestively to that effect), and should start giving greater acknowledgement to the importance of empirical work within their research program. The motivation for this dialectical shift is threefold: the approach is more faithful to their actual practices, it better illustrates the (...)
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  40. The Blind Hens' Challenge: Does It Undermine the View That Only Welfare Matters in Our Dealings with Animals?Peter Sandøe, Paul M. Hocking, Bjorn Förkman, Kirsty Haldane, Helle H. Kristensen & Clare Palmer - 2014 - Environmental Values 23 (6):727-742.
    Animal ethicists have recently debated the ethical questions raised by disenhancing animals to improve their welfare. Here, we focus on the particular case of breeding hens for commercial egg-laying systems to become blind, in order to benefit their welfare. Many people find breeding blind hens intuitively repellent, yet ‘welfare-only’ positions appear to be committed to endorsing this possibility if it produces welfare gains. We call this the ‘Blind Hens’ Challenge’. In this paper, we argue that there (...)
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  41.  10
    Value-free economics’ road towar Value-free economics’ road towards epistemological hubris. The use and abuse of mathematics by economists.Aleksander Ostapiuk - 2019 - Philosophical Problems in Science 67:153-202.
    The goal of the article is to substantiate that despite the criticism the paradigm in economics will not change because of the axiomatic assumptions of value-free economics. How these assumptions work is demonstrated on the example of Gary Becker’s economic approach which is analyzed from the perspective of scientific research programme. The author indicates hard core of economic approach and the protective belt which makes hard core immune from any criticism. This immunity leads economists to believe that they (...)
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  42.  10
    The All Too Human Welfare State: Freedom Between Gift and Corruption.Paolo Silvestri - 2019 - Teoria E Critica Della Regolazione Sociale 19 (2):123-145.
    Can taxation and the redistribution of wealth through the welfare state be conceived as a modern system of circulation of the gift? But once such a gift is institutionalized, regulated and sanctioned through legal mechanisms, does it not risk being perverted or corrupted, and/or not leaving room for genuinely altruistic motives? What is more: if the market’s utilitarian logic can corrupt or ‘crowd out’ altruistic feelings or motivations, what makes us think that the welfare state cannot also be (...)
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  43. Universals and the Methodenstreit: A Re-Examination of Carl Menger's Conception of Economics as an Exact Science.Uskali Mäki - 1997 - Studies in History and Philosophy of Science Part A 28 (3):475-495.
    In the latter half of the 19th century, economic thought in the Germanspeaking world was dominated, both intellectually and academically, by the so-called historical school, from Wilhelm Roscher to Gustav Schmoller and others. In 1871, the Austrian Carl Menger published his Grun&tze der Volkswirtschaftslehre (Menger, 1976 (1871)), customarily referred to as one of the three simultaneous discoveries of marginalist economics-the other two marginalist ‘revolutionaries’ being Jevons in England and Walras in France. Twelve years later, in 1883, Menger published a (...)
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  44.  14
    Amoral, Im/Moral and Dis/Loyal: Children’s Moral Status in Child Welfare.Zlatana Knezevic - 2017 - Childhood 4 (24):470-484.
    This article is a discursive examination of children’s status as knowledgeable moral agents within the Swedish child welfare system and in the widely used assessment framework BBIC. Departing from Fricker’s concept of epistemic injustice, three discursive positions of children’s moral status are identified: amoral, im/moral and dis/loyal. The findings show the undoubtedly moral child as largely missing and children’s agency as diminished, deviant or rendered ambiguous. Epistemic injustice applies particularly to disadvantaged children with difficult experiences who run the risk (...)
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  45. Caveat Emptor: Economics and Contemporary Philosophy of Science.D. Wade Hands - 1997 - Philosophy of Science 64 (4):116.
    The relationship between economics and the philosophy of natural science has changed substantially during the last few years. What was once exclusively a one-way relationship from philosophy to economics now seems to be much closer to bilateral exchange. The purpose of this paper is to examine this new relationship. First, I document the change. Second, I examine the situation within contemporary philosophy of science in order to explain why economics might have its current appeal. Third, I consider (...)
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  46.  68
    Prediction Versus Accommodation in Economics.Robert Northcott - 2019 - Journal of Economic Methodology 26 (1):59-69.
    Should we insist on prediction, i.e. on correctly forecasting the future? Or can we rest content with accommodation, i.e. empirical success only with respect to the past? I apply general considerations about this issue to the case of economics. In particular, I examine various ways in which mere accommodation can be sufficient, in order to see whether those ways apply to economics. Two conclusions result. First, an entanglement thesis: the need for prediction is entangled with the methodological role (...)
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  47.  16
    Economics Imperialism Reconsidered.S. M. Amadae - 2017 - In Uskali Mäki, Adrian Walsh & Manuela Fernández Pinto (eds.), Scientific Imperialism: Exploring the Boundaries of Interdisciplinarity. London, UK: pp. 140-160.
    This chapter uses Uskali Mäki’s (2009) concepts of “good” and “bad” imperialism to investigate the “economics imperialism” thesis. If science expands by offering (a) consilience, and (b) epistemological and ontological unity – that is, it explains more phenomena with greater parsimony – then this is good scientific expansion. Economics imperialism is only bad if the methodology of economics expands outside its domain without increasing understanding in the above manners.
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  48. Robots and Us: Towards an Economics of the ‘Good Life’.C. W. M. Naastepad & Jesse M. Mulder - 2018 - Review of Social Economy:1-33.
    (Expected) adverse effects of the ‘ICT Revolution’ on work and opportunities for individuals to use and develop their capacities give a new impetus to the debate on the societal implications of technology and raise questions regarding the ‘responsibility’ of research and innovation (RRI) and the possibility of achieving ‘inclusive and sustainable society’. However, missing in this debate is an examination of a possible conflict between the quest for ‘inclusive and sustainable society’ and conventional economic principles guiding capital allocation (including the (...)
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  49. Human Ecology and Public Policy: Overcoming the Hegemony of Economics.Arran Gare - 2002 - Democracy and Nature 8 (1):131-141.
    The thinking of those with the power to formulate and implement public policy is now almost totally dominated by the so-called science of economics. While efforts have been made to supplement or modify economics to make it less brutal or less environmentally blind, here it is suggested that economics is so fundamentally flawed and that it so completely dominates the culture of late modern capitalism (or postmodernity) that a new master human science is required to displace it (...)
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  50. The Diversity of Models as a Means to Better Explanations in Economics.Emrah Aydinonat - forthcoming - Journal of Economic Methodology 25.
    In Economics Rules, Dani Rodrik (2015) argues that what makes economics powerful despite the limitations of each and every model is its diversity of models. Rodrik suggests that the diversity of models in economics improves its explanatory capacities, but he does not fully explain how. I offer a clearer picture of how models relate to explanations of particular economic facts or events, and suggest that the diversity of models is a means to better economic explanations.
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