Philosophy of Economics: A Contemporary IntroductionPhilosophy of Economics: A Contemporary Introduction is the first systematic textbook in the philosophy of economics. It introduces the epistemological, metaphysical and ethical problems that arise in economics, and presents detailed discussions of the solutions that have been offered. Throughout, philosophical issues are illustrated by and analysed in the context of concrete cases drawn from contemporary economics, the history of economic ideas, and actual economic events. This demonstrates the relevance of philosophy of economics both for the science of economics and for the economy. This text will provide an excellent introduction to the philosophy of economics for students and interested general readers alike. |
Contents
| 1 | |
Part I Interpreting Economic Theory | 13 |
Part IA Rationality | 27 |
Part IB Causality | 83 |
Part IC Models | 117 |
Part II Methodology | 143 |
Part III Ethics | 209 |
| 303 | |
| 322 | |
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Common terms and phrases
action agents aggregate alternative argued argument assume assumptions axiom Bananarama behavior behavioral economics causal cause ceteris paribus Chapter choice choose concept consumers cost decision depends Dictator Game discussed econometrics economic models economic theory economists effect ence evaluation evidence evidence-based example exchange experimental experimental economics experiments explanatory external validity fact factors Figure function game theory Hausman human Hume hyperbolic discounting idea income increase individual inference inflation instance instrumental variable interest kind libertarian means measurement mechanism moral Nash equilibrium Nozick nudges observable one’s options outcome payoff people’s percent phenomenon philosophy of economics play player predictions principle problem produce profligate property rights rational rational-choice theory Rawls RCTs reason Reiss relevant result situation social sciences specific strategy Study Questions Suggested Readings Suppose tendency theoretical theory of well-being things tion transmission mechanism Ultimatum Game utilitarianism utility variables welfare economics