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Look Inside The Philosophy of Economics

The Philosophy of Economics
An Anthology

3rd Edition

Author: Daniel M. Hausman, University of Wisconsin, Madison

John Stuart Mill, Max Weber, Lionel Robbins, Frank Knight, Karl Marx, Thorstein Veblen, Milton Friedman, Herbert Simon, Daniel M. Hausman, D. Wade Hands, Joseph Schumpeter, Nicholas Kaldor, Michael S. McPherson, Robert Frank, Amartya Sen, Kevin Hoover, Vernon Smith, Colin F. Camerer, James M. Buchanan, Viktor J. Vanberg, Geoffrey Hodgson, Deirdre McCloskey, Uskali Mäki, Tony Lawson, Julie Nelson, Robert Sugden

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Date Published: January 2008
availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
format: Adobe eBook Reader
isbn: 9780511368387

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About the Authors

An anthology of works on the philosophy of economics, including classic texts and essays exploring specific branches and schools of economics. Completely revamped, this edition contains new selections, a revised introduction and a bibliography. The volume contains 26 chapters organized into five parts: (I) Classic Discussions, (II) Positivist and Popperian Views, (III) Ideology and Normative Economics, (IV) Branches and Schools of Economics and Their Methodological Problems and (V) New Directions in Economic Methodology. It includes crucial historical contributions by figures such as Mill, Marx, Weber, Robbins, Knight, and Veblen and works by most of the leading contemporary figures writing on economic methodology, including five Nobel Laureates in Economics.
- Brings together both historical and contemporary selections
- Edited by a leading philosopher of economics
- Represents both defenses and challenges to the mainstream
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Product details
- Edition: 3rd Edition
- Date Published: January 2008
- format: Adobe eBook Reader
- isbn: 9780511368387
- contains: 1 table
- availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
Table of Contents
Part I. Classic Discussions:
1. On the definition and method of political economy John Stuart Mill
2. Objectivity and understanding in economics Max Weber
3. The nature and significance of economic science Lionel Robbins
4. Economics and human action Frank Knight
5. Philosophical foundations of economics: three texts Karl Marx
6. The limitations of marginal utility Thorstein Veblen
Part II. Positivist and Popperian Views:
7. The methodology of positive economics Milton Friedman
8. Testability and approximation Herbert Simon
9. Why look under the hood? Daniel M. Hausman
10. Popper and Lakatos in economic methodology D. Wade Hands
Part III. Ideology and Normative Economics:
11. Science and ideology Joseph Schumpeter
12. Welfare propositions of economics and interpersonal comparisons of utility Nicholas Kaldor
13. The philosophical foundations of mainstream normative economics Daniel M. Hausman and Michael S. McPherson
14. Why is cost-benefit analysis so controversial? Robert Frank
15. Capability and well-being Amartya Sen
Part IV. Branches and Schools of Economics and their Methodological Problems:
16. Econometrics as observation: the Lucas critique and the nature of econometric inference Kevin Hoover
17. Does macroeconomics need microfoundations? Kevin Hoover
18. Economics in the laboratory Vernon Smith
19. Neuroeconomics: using neuroscience to make economic predictions Colin F. Camerer
20. The market as a creative process James M. Buchanan and Viktor J. Vanberg
21. What is the essence of institutional economics? Geoffrey Hodgson
Part V. New Directions in Economic Methodology:
22. The rhetoric of this economics Deirdre McCloskey
23. Realism Uskali Mäki
24. What has realism got to do with it? Tony Lawson
25. Feminism and economics Julie Nelson
26. Credible worlds: the status of theoretical models in economics Robert Sugden.
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Author
Daniel M. Hausman, University of Wisconsin, Madison
Daniel M. Hausman is Herbert A. Simon Professor in the Department of Philosophy at the University of Wisconsin, Madison. He previously taught at the University of Maryland at College Park and Carnegie Mellon University. Most of his research has focused on methodological, metaphysical, and ethical issues at the boundaries between economics and philosophy, and in collaboration with Michael McPherson, he founded the Cambridge University Press journal Economics and Philosophy and edited it for its first ten years. His most important books include The Inexact and Separate Science of Economics (1992), Economic Analysis and Moral Philosophy (co-authored with Michael McPherson, 1996), Causal Asymmetries (1998) and Economic Analysis, Moral Philosophy, and Public Policy (an enlarged second edition of the 1996 book co-authored with Michael McPherson, 2006).
Contributors
John Stuart Mill, Max Weber, Lionel Robbins, Frank Knight, Karl Marx, Thorstein Veblen, Milton Friedman, Herbert Simon, Daniel M. Hausman, D. Wade Hands, Joseph Schumpeter, Nicholas Kaldor, Michael S. McPherson, Robert Frank, Amartya Sen, Kevin Hoover, Vernon Smith, Colin F. Camerer, James M. Buchanan, Viktor J. Vanberg, Geoffrey Hodgson, Deirdre McCloskey, Uskali Mäki, Tony Lawson, Julie Nelson, Robert Sugden