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Philosophy of Economics: A Contemporary Introduction

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ISBN-10: 041588117X

ISBN-13: 9780415881173

Edition: 2013

Authors: Julian Reiss

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Book details

Copyright year: 2013
Publisher: Taylor & Francis
Binding: Paperback
Pages: 330
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.100
Language: English

List of Figures
List of Tables
Acknowledgments
The Why, What and How of Philosophy of Economics
Overview
Two Opposing Paradigms
The Philosophy of Economics: Interpreting Theory, Methodology and Ethics
The Aims of Economics and the Problem of Purpose
Study Questions
Suggested Readings
Interpreting Economic Theory
Explaining Economic Phenomena
Overview
Explanation as an Aim of Economics
Phenomena
Why-Questions, Explanandum and Explanans
Scientific Laws
The D-N Model and Its Discontents
Conclusions
Study Questions
Suggested Readings
Rationality
Rational-Choice Theory
Overview
Folk Psychology
Ordinal-Choice Theory
Cardinal-Choice Theory
Stability, Invariance and Justifiers
Conclusions
Study Questions
Suggested Readings
Game Theory
Overview
Whither the Euro?
Some Games and Some Formalism
Game Theory's Payoffs
Game Theory and Rationality
Game Theory as Explanatory Theory
Study Questions
Suggested Readings
Causality
Causation and Causal Tendencies
Overview
The Rise of Causal Talk in Economics
Correlation Is Not Causation: So What Is Causation?
Causal Tendencies
Conclusions
Study Questions
Suggested Readings
Mechanisms
Overview
Hume on Money
Four Notions of Causal Mechanism
Mechanisms as Underlying Structures or Processes
Mechanisms, Methodological Individualism and Micro-Foundations
Mechanistic Explanation
Conclusions
Study Questions
Suggested Readings
Models
Models, Idealization, Explanation
Overview
Causal Explanation
Economic Models
Idealizations
Explanation
Conclusions
Study Questions
Suggested Readings
Methodology
Measurement
Overview
Observation
Consumer Price Inflation
Unemployment and GDP
Conclusions
Study Questions
Suggested Readings
Econometrics
Overview
Induction, Deduction and All That
Mostly Harmless Econometrics?
Conclusions
Study Questions
Suggested Readings
Experiments
Overview
Speaking to Theorists
Searching for Facts
Whispering into the Ears of Princes
Methodological Issues
Conclusions
Study Questions
Suggested Readings
Evidence-Based Policy
Overview
What Is Evidence-Based Policy?
What Is an RCT, and What Are Its Virtues?
What, Then, Is Wrong with Evidence-Based Policy?
Conclusions
Study Questions
Suggested Readings
Ethics
Welfare and Weil-Being
Overview
Welfare Economics
Well-Being
The Evidential View of Preferences
Conclusions
Study Questions
Suggested Readings
Markets and Morals
Overview
Market Failure
Transaction Costs and the Coase Theorem
Intellectual Property Rights
Commodification: What Money Can't Buy
Study Questions
Suggested Readings
Inequality and Distributive Justice
Overview
Inequality
Principles of Distributive Justice
Conclusions
Study Questions
Suggested Readings
Behavioral Economics and Nudge
Overview
Behavioral Economics
Libertarian Paternalism
Philosophical Issues in Libertarian Paternalism
Conclusions
Study Questions
Suggested Readings
References
Index