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    Chapter

    The Crucial Role of Reactivity in Economic Science

    Many academic economists take it as a matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a social science, namely reactivity, i.e. human bein...

    Bruno S. Frey in Economic Objects and the Objects of Economics (2018)

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    Chapter

    How Does the Methodology of Neoclassical Economics Eliminate the Question of Fairness?

    Neoclassical economics is almost unique amongst the different schools of economics (mostly hidden not only from public debates, but also from graduate education) in that it does not address the question of dis...

    Zoltán Pogátsa in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Rational Choice Theory and Backward-Looking Motives

    The paper argues that the philosophical underpinnings of rational choice theory are vitiated by consideration of the phenomenon of backward-looking motives, such as gratitude, fidelity, and many forms of hones...

    Roger Teichmann in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Postscript on Ontology and Economics

    The proper domain of the discipline of economics then is the study of the ways and means with which individuals and groups decide what they should do to secure the material conditions of a worthwhile life. The...

    Peter Róna in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Ontology and Economics

    The mind-dependent/mind-independent, the thing/activity as well as the older corporeal/incorporeal reality distinctions are all very helpful in distinguishing the subject matter of the social sciences from tha...

    Peter Róna in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Economic Actors and the Ultimate Goal of the Economy

    Mainstream economics employs a rather simplified picture of economic systems. Economic actors are grouped into three categories, namely individuals/households, firms, and the state. Among these actors only mon...

    László Zsolnai in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Objects of Nature and Objects of Thought

    The subject matter of the economy is unlike that of the natural sciences. It is the product of human intentionality, and as such, it inherently reflects the human judgment that brought it into being. The funda...

    Peter Róna in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Central Fallacies of Modern Economics

    Although it is widely recognised that the modern discipline of economics is short on explanatory successes, there is little sign that ongoing critical assessments of the situation are leading to any improvemen...

    Tony Lawson in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Is Economics a Moral Science?

    Economics is a multifaceted inquiry into the social relationship among humans in society. This mutifacetedness creates a lack of communication between critics of economics (which includes a large proportion of...

    David Colander in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Positioning and the Nature of Social Objects

    In opposition to the ontological neglect that characterizes so much economics a group of researchers based in Cambridge in the UK argue that method and substantive theory can benefit if informed by explicit, s...

    Stephen Pratten in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Social Scientific Naturalism Revisited

    The paper reconsiders social scientific naturalism, the view that despite obvious differences in their subject matter, the social sciences belong to the same species of cognitive inquiry as the natural science...

    Daniel M. Hausman in Economic Objects and the Objects of Economics (2018)

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    Chapter

    New Theoretical City or Dispersed Tribes? An Exploration Journey through Contemporary Heterodox Economics and Methodology

    The paper offers the reader what could be synthesized as a “fresh look” on the authors, currents and debates of heterodox economics and methodology. The intention is to present a non-pretentious and, if possib...

    Carlos Hoevel in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Economics Is a Moral Science: A Value Based Approach

    Keynes prophesies economics as a moral science. Economists would abandon instrumentalist orientation where means get all our attention and the ends virtually none, and focus on what is the good life and the go...

    Arjo Klamer in Economic Objects and the Objects of Economics (2018)

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    Chapter

    Time-Value in Economics

    Modern economics deploys the concept of time-value as if it were a descriptive, empirically-verifiable objective property of the sort studied by natural science in its investigation of the natural world. In pa...

    Kevin T. Jackson in Economic Objects and the Objects of Economics (2018)