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Economics, Philosophy and Physics

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1992 Hardcover Good Moderate shelf wear, corners slightly worn. 076 Item may show signs of shelf wear. Pages may include limited notes and highlighting. Includes supplemental ... or companion materials if applicable. Access codes may or may not work. Connecting readers since 1972. Customer service is our top priority. Read more Show Less

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This book traces the relationship between ideas and methodological perspectives in economics to the fields of philosophy and the physical sciences. It is aimed at students of economics who want to learn about the philosophical underpinnings and scientific foundations of contemporary economic theory. The authors show how advances in scientific knowledge have had an impact on philosophy that in turn influenced the development of economic thought.

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Editorial Reviews

For economics students who want to delve into the philosophical and scientific underpinnings of their discipline, traces how economics, philosophy, and physics (as an example of science) have interacted in western culture since classical Greek times. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780873327596
  • Publisher: Taylor & Francis
  • Publication date: 3/31/1992
  • Pages: 208
  • Product dimensions: 5.80 (w) x 9.00 (h) x 0.80 (d)

Table of Contents

List of Figures
The Classical Greek World View
The World View of Saint Thomas Aquinas
St. Thomas's Philosophy
The Scholastic Approach to Science
St. Thomas's Economics
The Disintegration of the Medieval World View
Ch. 1 Newtonian Physics, Philosophy, and Economics 3
Newton's Grand Synthesis 6
Newton's Influence on the Enlightenment 10
The Newtonian Heritage of Contemporary Economics 14
Reductionism 14
Linearity 17
Deterministic Prediction and Newtonian Absolute Time 27
Ch. 2 The Romantic Protest against the Newtonian Mechanistic World View 41
Romanticism and Philosophy 42
Romanticism and Science 44
Romanticism and Economics 47
Ch. 3 Thermodynamics and the Newtonian World View 55
The Second Law of Thermodynamics 55
Thermodynamics and Economics 58
Thermodynamics and Philosophy 60
Ch. 4 Relativity, Philosophy, and Economics 67
Einstein's Special Theory of Relativity (1905) 70
The General Theory of Relativity (1915) 76
Philosophical Consequences of Relativity Theory 77
Relativity and Economics 80
Ch. 5 Quantum Mechanics, Philosophy, and Economics 85
Main Features of Quantum Mechanics 87
The Inherent Wholeness of Atomic Process 88
The Copenhagen Interpretation of Quantum Mechanics 92
The Post-Copenhagen-Interpretation Synthesis 96
Quantum Mechanics and Economics 103
Quantum Mechanics and Philosophy 104
Ch. 6 Chaos Theory, Philosophy, and Economics 113
From Laplacian Determinism to Fundamental Uncertainty 114
Fractals, and Fractals and Chaos 119
Chaos and Philosophy 124
Chaos and Economics 129
Ch. 7 The Revolutions in Physics and the Future of Economics 133
Bibliography 155
Index 162
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