Skip to main content

Questions tagged [philosophy-of-economics]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
3 votes
3 answers
121 views

Is Tipping Morally Justifiable?

Those subscribing more to an individualistic rather than cosmopolitan conception of capitalism often make utilitarian claims for justifying the moral practice of tipping. In light of utilitarian ...
Paradox Lost's user avatar
  • 2,025
2 votes
3 answers
294 views

Is there such a thing as the philosophy of economics, and if so, can I read some texts on it?

I understand that there is a philosophy behind pretty much every science, like philosophy of physics and philosophy of biology. So, what about the philosophy of economics? Is there such a thing, and ...
user107952's user avatar
  • 7,046
4 votes
8 answers
224 views

Does determinism nullify the science of economics?

The science of economics is based on the assumption that people can make choices. But, for someone like me who believes that the universe is deterministic, this assumption is false, or at least I ...
user107952's user avatar
  • 7,046
0 votes
1 answer
50 views

Under Marx's Labour Theory of Value, does the amount of utility in use-value affect the value?

Under Marx's LTV, the existence of value relies on use-value, as the commodity which has the value isn't a commodity without the use-value (tangible features of the commodity which give it utility). ...
edelex's user avatar
  • 905
2 votes
1 answer
51 views

Would an efficient simplification of calculus merit an infinite credit allowance (in a credit economy)?

This question is based on the following considerations: There's some Philomena Cunk video out there where she interviews an economist or politician or something, about the 2008 financial catastrophe (...
Kristian Berry's user avatar
0 votes
1 answer
74 views

Economics thought experiment? [closed]

If an artist paints the mona lisa. Can it be bought (capitalism)? Should it be distributed to everyone? (Socialism) or We allow it to inform the value system (like all great art does?) What is the ...
More Anonymous's user avatar
-1 votes
3 answers
148 views

Is american libertarianism a religion?

It seems to fit definition of religion a cause, principle, or system of beliefs held to with ardor and faith Which would make it like idol worship, the idol being the market. One could dispute that ...
user avatar
1 vote
3 answers
202 views

What philosophies will support the idea that smarter is better?

Whether its natural or artificial, intelligence is economically expensive for businesses thst need intelligence to provide a good or service (Is AI a good that provides a service?) . Given all the ...
user avatar
2 votes
2 answers
191 views

What is meant by Georg Simmel’s philosophy of money?

I am reading a book about how money works that contains a brief summary of Georg Simmel’s Philosophy of Money: “Published in 1900, German sociologist Georg Simmel's book The Philosophy of Money looked ...
Anthony Fallone's user avatar
0 votes
1 answer
64 views

Is this a good argument for why societies tend towards maximum employment?

I have sometimes wondered why, in an age of increasing automation, many societies still have "high" employment. And by "high" I mean over 80%. Why, for example, have not an ...
zooby's user avatar
  • 166
3 votes
3 answers
152 views

Is it morally correct to use inflation to motivate people to buy more and expand the economy? [closed]

In the economy a low inflation rate is always considered not only a good thing, but also necessary to the economic. Because in zero or negative inflation rates people may tend to hold their money and ...
Amir reza Riahi's user avatar
0 votes
1 answer
567 views

What Does Zizek Mean by Post-Oedipal capitalism?

Zizek says Post-Oedipal capitalism is the dominant system today, and this is in reference to Deleuze and Guattari's work and issue against Freud. From WP: Deleuze and Guattari analyze desire and ...
Ash Rivers's user avatar
0 votes
0 answers
85 views

Has the phenomenon of equating two different ideas been studied?

While reading Henry Kissinger's book, Diplomacy, I came across several examples of thinkers conveniently, but constructively (meaning with good intentions), equating one concept with another. The ...
Favst's user avatar
  • 151
2 votes
1 answer
75 views

Arguments against forcing insurance of any kind by a state

Some states force their residents to pay for a broad insurance service often named "national insurance" or "social security"; it doesn't even matter if the subject has private ...
Alkalix's user avatar
  • 21
2 votes
2 answers
121 views

Were there philosophers who claimed that trading is immoral?

In a glimpse this might seem an absurd question because almost anyone anywhere in this world, trades, but, Where there philosophers who claimed that trading is immoral? Who claimed that the very act ...
Alkalix's user avatar
  • 21
-2 votes
2 answers
149 views

Could the Praxeology of the ASoE win the battle against the scientist agenda?

Introduction The Austrian School of Economics calls its method praxeology what is considered a branch of philosophy, and considers economics as a branch of philosophy (Rothbard, 2019). The ASoE has ...
Erdel von Mises's user avatar
0 votes
0 answers
109 views

Understanding Inflation at philosophical level?

I came across this sentence at random "The Manhattan Project began modestly in 1939, but grew to employ more than 130,000 people and cost nearly US$2 billion (equivalent to about $23 billion in ...
Manish Kumar Singh's user avatar
2 votes
5 answers
547 views

Isn't socialism a form of democracy?

When looking at the opposites of socialism, it was pointed out that democracy is an opposite. If socialism is a system advocating that the means of production and distribution be owned or regulated by ...
Chris Rogers's user avatar
-2 votes
1 answer
74 views

Is socialism only one half of a dichotomy? [closed]

If it is only one half of a dichotomy, you could say the other half is capitalism. But is there a midway between the two? Or are there part socialist, part capitalist philosophies?
Chris Rogers's user avatar
0 votes
3 answers
350 views

Why do economists say that growth is necessary?

Now I could ask this question on the economics site but I'm afraid it would be closed shortly after. Who dares to question one of its basic principles. As if it's a Natural law. But why should it be ...
Deschele Schilder's user avatar
0 votes
0 answers
64 views

Putting together a book list on individual vs collective thinking

I am very interested on comparing the drives to and results from individualist vs collectivist thinking. I'd like about 5-10 books and for them to portray both sides of the argument. So far I have: &...
connor449's user avatar
  • 101
0 votes
3 answers
327 views

Is profiting from stock ownership moral?

When you buy shares of a company, you become its co-owner and are entitled to dividends proportional to your investment. From what I understand, co-ownership is offered simply because it has to be to ...
w128's user avatar
  • 732
4 votes
2 answers
313 views

Is there an ethical difference between taking away and withholding?

Has anyone in contemporary ethics discussed whether or not there is a difference between (1) taking something away (e.g., stealing $100) or withholding something (e.g., refusing to pay $100 of taxes)?
alephmembeth's user avatar
1 vote
2 answers
301 views

Kant's disjunctive judgement and neoliberalism

Using the definition of neoliberalism (will not paste here), and Kan't third category being of relation, primarily his disjunctive judgement, hence community, and its application to the notion of ...
Meilton's user avatar
  • 209
4 votes
2 answers
203 views

On capturing the concept of eudaimonia empirically

In recent years, the social sciences have gained traction at painting an empirical picture of ethical concepts that before (albeit not forever) had been treated a-priori. I think of competing theories ...
user avatar
1 vote
1 answer
57 views

What is production [closed]

In ecological economics production means "process of transformation energy/matter into another energy/matter". So What is production in philosophy ?
Dika's user avatar
  • 13
0 votes
1 answer
194 views

Epistemology, Scientific Method and Formal Theory, Economics

Why is Economics considered not to apply the scientific method in its pure form, nor develop scientific theories and how so? Trade and Government policies(For political economics/positive political ...
George Ntoulos's user avatar
7 votes
5 answers
373 views

Philosophical framework for avoiding short-term strategies

In business and politics, often decision-makers make decisions that cause short-term gain, but long-term loss. So economically, this might be an unreasonable (lossy) and thus irrational process. Is ...
tkruse's user avatar
  • 3,848
0 votes
1 answer
421 views

Is economics a science according to Popperian and Lakatosian standards? [duplicate]

According to Karl Popper's falsification criterion only a falsifiable theory is said to be a scientific theory. If this is true, is Economics falsifiable and hence considered scientific?
Aleesha's user avatar
  • 235
21 votes
9 answers
5k views

Is economics a science?

In class, I made the argument that economics is not science, because it cannot undertake repeatable experiments. Someone rebutted: this would mean that I am ignore an emerging body of work, some by ...
Aleesha's user avatar
  • 235
2 votes
1 answer
165 views

Is there any new concept in Marxism that didn't exist in classical economics?

Surplus value is just economic profit. The organic composition of capital is just the investment rate. Capitalist mode of production is just a verbose way of saying capitalism. Exchange value is price....
user42363's user avatar
2 votes
4 answers
609 views

Marxism - primary contradiction of capitalism

After writing a long post, i decided to keep only the summary : I understand that in the marxist framework a mode of production is constituted by : the relations of production the productive forces ...
joseph M'Bimbi-Bene's user avatar
-1 votes
1 answer
183 views

Is "class culture" an artificial construct or does it have "natural" motivation?

Is "class culture" an artificial construct or does it have "natural" motivation? A lof of things, at least judging by internet, are associated or measured relative to socio-economic class. However, ...
mavavilj's user avatar
  • 3,036
4 votes
3 answers
164 views

Are there objective-criteria for criticizing people's "market behavior"?

Are there objective-criteria for criticizing people's "market behavior"? That is, is there a set of criteria that one can objectively refer to as measuring, whether the "contribution" of a member is ...
mavavilj's user avatar
  • 3,036
3 votes
4 answers
250 views

Multidimensional value money

When I was a kid, I had a feeling that money was not that important, but the majority of people around me kept saying the opposite. So I thought that I just did not understand them. Now that I have ...
Bram E Pramono's user avatar
3 votes
2 answers
333 views

How can laissez-faire capitalism not turn to corporatocracy?

An idea of corporatocracy (pretty dystopian) exists in some movies and videogames. Typically huge corporations ar epresented as having own armies and those armies can force citizens do their work. We ...
rus9384's user avatar
  • 2,656
0 votes
1 answer
77 views

Authors on the Business of Philosophy and the Philosopher's ego

In a capitalistic society every human experience is susceptible of becoming a business, eg. the business of beauty, sex, art, justice, health, education, journalism, emotions and psychology, ...
user avatar
-1 votes
2 answers
212 views

Is the notion of a meritocracy inherently unethical and/or paradoxical?

Wikipedia says, Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos "strength, power") is a political philosophy which holds that certain things, such as economic ...
Bozaoo's user avatar
  • 1
2 votes
1 answer
384 views

For those who have read-and understood- "Living Currency" by Pierre Klossowski

The essay/book contains the following paragraph: "The manufactured object, as opposed to (natural) useful goods, though it may still hold some habitual meaning (for instance depending on how metals ...
Ethan NOPE's user avatar
1 vote
1 answer
71 views

It is posible a Resourced Based Economy? [closed]

When I refer to a resource-based economy, I refer to the proposal of the groups of The Zeitgeist Movement and The Venus Project https://www.thevenusproject.com/resource-based-economy/
Darwin's user avatar
  • 133
2 votes
4 answers
2k views

Scenario in which society is better off by someone breaking a rule?

Suppose there is some rule in some social setting/scenario where society (or a relevant smaller set of people) is/are better off when some people violate it. Specifically, we have that (where '>' ...
pafnuti's user avatar
  • 143
2 votes
2 answers
2k views

What did Karl Marx mean by "revolutionary combination due to association"?

In "The Communist Manifesto", it is said that: "The advance of industry, whose involuntary promoter is the bourgeoisie, replaces the isolation of the laborers, due to competition, by the ...
mil's user avatar
  • 569
2 votes
4 answers
2k views

What's the purpose of economics / How is economics useful to humans? [closed]

What is the purpose of economics? By purpose I mean having a purpose in a similar sense that eating and producing food has a purpose for survival. What does economics produce? How does it help ...
mavavilj's user avatar
  • 3,036
0 votes
6 answers
2k views

What is Money, (not money)?

Money plays a major role in our experience and I find that very few people explore the idea of what it is. This question concerns Form. Money is any item or verifiable record that is generally ...
Ronnie Royston's user avatar
4 votes
5 answers
625 views

Will automation emancipate us from labour?

In the The Human Condition, Arendt writes: The danger that the modern age's emancipation of labour will not only fail to usher in an age of freedom for all but will result, on the contrary, in ...
Mozibur Ullah's user avatar
3 votes
1 answer
143 views

Where does Adorno find this quote of Marx?

In Negative Dialectics, Adorno quotes Marx as saying: even if a society has found a natural law of motion - and the present works ultimate goal is to unveil the law of modern society economic motion -...
Mozibur Ullah's user avatar
-1 votes
2 answers
119 views

Marxism and Capitalism as a Schism

Is it possible to see Marxism and Capitalism as a kind of ideological schism, in the same way, say we have a schism between Protestatism & Catholicism in Christianity, and between Sunni & ...
Mozibur Ullah's user avatar
6 votes
7 answers
3k views

Does capitalism have an end goal?

Occasionally I find that things such as "incentives" in a capitalist economy are as if they would be directed to a certain outcome or certain outcomes. E.g. that profit incentives matter only in so ...
mavavilj's user avatar
  • 3,036
1 vote
2 answers
478 views

What are Marx's ideas on the fetishization of commodities?

What are Marx's ideas on the fetishization of commodity? Specifically, I am interested in use value and exchange value; how does the commodity own its exchange value?
Student's user avatar
  • 183
4 votes
3 answers
177 views

Adam Smith: If humans are self-interested individuals, why should we reinvest our wealth?

According to Adam Smith, humans are self-interested individuals. If this is true, why does he argue that people should reinvest their wealth? How does this benefit a self-interested individual? Does ...
user316583's user avatar