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Agency and Causal Explanation in Economics

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Book Series: Virtues and Economics ISBN: 9783030261146 Year: Pages: 171 DOI: 10.1007/978-3-030-26114-6 Language: English
Publisher: Springer Nature
Subject: Philosophy --- Sociology --- Ethnology --- Economics
Added to DOAB on : 2020-02-04 11:21:04
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This open access book provides an exploration of the consequences of the ontological differences between natural and social objects (sometimes described as objects of nature and objects of thought) in the workings of causal and agency relationships. One of its important and possibly original conclusions is that causal and agency relationships do not encompass all of the dependent relationships encountered in social life. The idea that social reality is contingent has been known (and largely undisputed) at least since Wittgenstein’s “On Certainty”, but social science, and most notably economics has continued to operate on the basis of causal and agency theories borrowed or adapted from the natural sciences. This volume contains essays that retain and justify the partial or qualified use of this approach and essays that totally reject any use of causal and agency theory built on determined facts (closed systems).The rejection is based on the possibly original claim that, whereas causation in the objects of the natural sciences reside in their properties, human action is a matter of intentionality. It engages with critical realist theory and re-examines the role of free will in theories of human action in general and economic theory in particular.

Words, Objects and Events in Economics

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Book Series: Virtues and Economics ISBN: 9783030526733 Year: Pages: 226 DOI: 10.1007/978-3-030-52673-3 Language: English
Publisher: Springer Nature
Subject: Philosophy --- Economics
Added to DOAB on : 2020-09-23 00:03:44
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This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from the favorable reception of the first volume of the Virtues in Economics series and represent further contributions to the themes set out in that volume: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return descriptive economics as the means with which the moral content of economic life could be restored in economic theory. This book is of interest to researchers and students of the methodology of economics, ethics, philosophers concerned with agency and economists who build economic models that rest in the intention of the agent.

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