The Philosophy of Economics: An Anthology

Front Cover
Daniel M. Hausman
Cambridge University Press, Feb 25, 1994 - Business & Economics - 469 pages
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The second edition of this anthology contains twenty-two classic and more recent pivotal investigations in the philosophy of economics. Recommended readings now follow the selections. Daniel M. Hausman has expanded and updated coverage of such key areas as positivism and economic methodology, and special methodological problems and perspectives. His revised introduction and section introductions not only situate each contribution in its historical and analytical context but also explore current directions in the definition and refinement of economic methodology. The collection will demonstrate to students and professionals in the discipline and other social sciences and the humanities, as well as to a more general audience, what kind of science economics is.
 

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Contents

Classic discussions
51
Objectivity and understanding in economics
69
The nature and significance of economic science
83
Economics and human action
111
Ideology and method in political economy
119
The limitations of marginal utility
143
Positivism and economic methodology
157
On indirect verification
168
Economics rationality and ethics
252
Special methodological problems
279
Economic model construction and econometrics
286
The market as a creative process
315
Methodological differences between institutional
336
New philosophical directions and questions
347
If economics isnt science what is it?
376
The rhetoric of economics
395

The methodology of positive economics
180
Testability and approximation
214
Science and ideology
224
Science and ideology in economics
239

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