Economics as Moral Science

by Bernard Hodgson

Overview

Economics as Moral Science investigates the problem of the ethical neutrality of "mainstream" economic theory within the context of the methodology of economics as a science. Against the conventional wisdom, the author argues that there are serious moral presuppositions to the theory, but that economics could still count as a scientific or rational form of inquiry. The basic questions addressed - the ethical implications of economics, its status as a scientific mode of theory-construction, and the relation between these factors - are absolutely fundamental ones for an understanding of contemporary economics, the philosophy of the human sciences, and our current market culture. Moreover, the study provides a thorough philosophical analysis of the critical issues at stake from the inside, from the credible perspective of a particular, but foundational economic theory - the neoclassical theory of rational choice.

Product Details

ISBN-13:	9783642074271
Publisher:	Springer Berlin Heidelberg
Publication date:	12/03/2010
Series:	Ethical Economy
Edition description:	Softcover reprint of the original 1st ed. 2001
Pages:	382
Product dimensions:	6.10(w) x 9.25(h) x 0.24(d)

Table of Contents

1 Introduction.- 2 Theory-Construction in Economic Science.- 3 Rationality, Values, and Economic Theory.- 4 The Intransigence of Evaluative Concepts.- 5 The Ethical Content of “Formal” Structures.- 6 Teleology and Utilitarian Economics.- 7 Functionalism and the “Systems Approach”.- 8 Reasons, Causes, and Economic Methodology.- 9 Justification, Obligation and Consumer Motivation.- 10 The Problems Related.- 11 Essential Statements and Holistic Theory.- 12 Economic Uncertainty and Logical Structure.- 13 Economic Uncertainty and Consumer Autonomy.- 14 From Normative Theory to Empirical Science.- 15 Neo-classical Economics and Scientific Utopias.- 16 Neo-classical Economics and the Rational Justifiability of Moral Principles.- 17 Conclusion.- Notes.- References.