Download e-book for iPad: Economics as Moral Science by Prof. Bernard Hodgson (auth.)

By Prof. Bernard Hodgson (auth.)

ISBN-10: 3642074278

ISBN-13: 9783642074271

ISBN-10: 3662044765

ISBN-13: 9783662044766

Economics as ethical Science investigates the matter of the moral neutrality of "mainstream" fiscal thought in the context of the technique of economics as a technology. opposed to the normal knowledge, the writer argues that there are critical ethical presuppositions to the speculation, yet that economics may possibly nonetheless count number as a systematic or rational type of inquiry. the fundamental questions addressed - the moral implications of economics, its prestige as a systematic mode of theory-construction, and the relation among those components - are completely primary ones for an knowing of latest economics, the philosophy of the human sciences, and our present marketplace tradition. furthermore, the learn presents an intensive philosophical research of the serious matters at stake from the inside, from the credible viewpoint of a specific, yet foundational monetary concept - the neoclassical thought of rational choice.

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Sample text

11 Consider, further, that S subsequently purchases X when confronted with the opportunity to buy X or Y or Z, and that an explanation is offered for this event by claiming that S wanted or valued X, and did so more than Y or Z. In the light of the preceding analysis, we can see that such an explanation is incomplete as it stands; most importantly, a more complete explanation would take place by subsuming S's purchase under, or deducing it from, a disposition-characterizing generalization such as D.

Analyticity is not as ineradicably entrenched. For although in any particular actionexplanation, a reference to a structure of some wants and beliefs invariably persists, one can readily conceive of the empirical falsehood of the explanation in that any individual action could have been performed on account of some other or different particular wants and/or beliefs than the ones which were operative. Thus, John might have made the detour, not, as suggested, to visit a friend but because he wanted to replenish his gas tank and there was no station on the direct route.

EXPLANATION AND NECESSARY TRUTH choice theory with general action-theory. It will prove useful, therefore, to introduce the problem at its origin in action-theory. The task, then, can be described as one of determining the logical character and scientific adequacy of the explanation of human actions in terms of a conceptual system involving the "ordinary concepts" of wants, beliefs and preferences. Now, it has been a fundamental empiricist tenet that the logical status of the relation between the antecedent and consequent of a law-like generalization cannot take the form of a logically necessary connection, but must be a contingent one.

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Economics as Moral Science by Prof. Bernard Hodgson (auth.)


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