The philosophy-of-economics tag has no wiki summary.
0
votes
0answers
19 views
Is there an economic philosophy that is dualistic?
In classical economics its obvious that the philosophical model followed is inspired by physics, and is reductionist. One could say it is 'monistic'.
Is there an economic philosophy that takes both ...
2
votes
2answers
55 views
Is the perfect competition hypthesis simply the Hobbesian state of nature in the commercial realm?
Hobbes defines the state of nature as war of all against all. Is the perfect competition hypthesis as classically defined presumably by Adam Smith simply this but rather than man against man, ...
2
votes
3answers
152 views
Why are humans risk-averse? [closed]
The economic theory and much of the decision theory are based on the assumption that we are risk-averse creatures; in the sense that we are more sensitive to bad outcomes than the good ones and so ...
-5
votes
1answer
51 views
Is it fair to call the working class lower class or “low intelligent people?” [closed]
When someone is not aware of a situation and I know it, is it my fault that I take advantage over his ignorance or is it his fault that he does not realize it? Or we are both fu**ed up?
Take for ...
-5
votes
1answer
37 views
Similarity between Socialism and Hedging (finance) [closed]
Wiki article defines Hedging as "an investment position intended to offset potential losses/gains that may be incurred by a companion investment. In simple language, a hedge is used to reduce any ...
-1
votes
1answer
75 views
Does economics as a science or a technology take only the legitimate economy as its proper field of study? [closed]
My impression as a science or a technology it takes only the legitimate economy (that is under the rule of Law) as its proper sphere.
That there is a preponderance of studies on the legitimate ...
-3
votes
1answer
50 views
How is the recording process in Deleuzes Anti-Oedipus to be understood? [closed]
Deleuze writes:
For the real truth of the matter-the glaring, sober truth that resides in delirium - is that there is no such thing as relatively independent spheres or circuits: production is ...
1
vote
3answers
181 views
Is it ethical to block ads while still consuming content?
When browsing the web, many users block advertisements for a surprisingly wide variety of reasons. The site operator can send the user whatever they want, often a mix of the sought after content, good ...
0
votes
1answer
71 views
What does it mean to borrow from the future?
I've heard this phrase used in economics. But it seems singularly inapt, the future is never here - how can you borrow something that doesn't exist?
3
votes
3answers
299 views
Can a “blood diamond” ever be redeemed for morally good purposes?
I'm looking at the concept of how bad money (blood diamonds for example) relates to good money, and how a transfer from one to the other would occur.
Premise & Example
I don't want to ...
0
votes
1answer
46 views
Classical economics make use of the concept of the rational agent, how true is this?
I want to be clear here. An agent is rational if his motivations can be rationally explicable whether we can deduce them or not, or whether she herself is aware of them or not.
Its a fundamental ...
1
vote
2answers
92 views
What would an economics that takes buddhism seriously look like?
Capitalism is predicated on desire, and on maintaining that desire. Buddhism turns away from desire. Has anyone written anything that takes Buddhism seriously enough to make it the centre of their ...
2
votes
2answers
201 views
Difference between Utilitarianism and Capitalist justice
I am a student of econometrics and I'm studying the philosophy of economics.
This week I have exams, and I was reviewing last year's exam to practice. I ran into this question:
One of the arguments ...
4
votes
1answer
508 views
What does Marxism envision as the role of the state in the economy?
According to Marx, in capitalism, what role does the state play? Is it independent of the economy? Also, does the exploitation of the proletariat by the bourgeoisie, have anything to do with the state ...
5
votes
1answer
51 views
Does rational choice theory stack up against reality?
Rational choice theory has been criticised on the grounds that "consumers are not rational, so doesn't make much sense because utility functions can't model consumer preferences."
But is there actual ...
7
votes
3answers
152 views
Why can't (or shouldn't) economists answer normative questions?
Normative questions are those which:
affirm how things should or ought
to be, how to value them, which things are good or bad, which actions
are right or wrong. Normative is usually contrasted ...
4
votes
4answers
112 views
What philosophers and schools have considered 'transcendental' economic values?
Background
Settle a bet- more likely; enrich a debate.
A friend of mine (a philosophy PhD with a penchant for economics) and I have been arguing for some time on the same topic. He is a libertarian ...
12
votes
3answers
644 views
What are the main points of contention between Marxist and capitalist economic philosophies?
What are the main points of contention between Marxist economic philosophy and the various "pro-capitalist" economic philosophies (Labor Theory of Value, Austrian School, Libertarianism, etc.?)
