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Questions tagged [philosophy-of-economics]

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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 ...
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 ...
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 ...
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 ...
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). ...
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 (...
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 ...
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 ...
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)?
-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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
10 votes
11 answers
2k views

Why are Objectivists against Socialism?

From what I understand, Objectivism advocates rational selfishness - to put yourself before the masses, unless you don't want to - essentially to do what you want instead of blind altruism. In the ...
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 ...
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 ...
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 ...
4 votes
2 answers
97 views

The future of my philosophical understanding and methods for getting there

I am trying to go through a semi-rigorous self-teaching regimen, and I was wondering if I could get some criticism on my approach. I'm interested in philosophy of economics, social philosophy, and ...
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 ...
4 votes
5 answers
451 views

Does this count as a critique of Marxs Labour theory of value?

Marxs theory of value uses the input of Labour as determinining Production Value. But what if we can do away with Labour? For example, consider a perfectly automated factory producing mugs. This ...
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 ...
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 ...
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 ...
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 ...
-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 ...
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 ...
-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?
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 ...
-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 ...
6 votes
5 answers
3k views

What is an example of human labour being the exclusive source of surplus value

Marx's labour theory seems to define surplus value as being produced exclusively from human labour. One discussion of this concept stated: Machinery, and tools of production do not create surplus ...
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: &...
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 ...
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....
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 ?
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 ...
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 ...
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?
3 votes
4 answers
520 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 ...
11 votes
6 answers
3k views

What are some good books on the philosophy of economics?

I'm a college student of physics, and I'm looking to expand my horizon in the field of philosophy of economics, so, what books would you recommend for newbies like me? I was thinking in history of ...
3 votes
6 answers
1k 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 ...
7 votes
2 answers
1k views

Is it immoral to pay taxes if your government conducts immoral activities?

Assume your government participates in immoral wars that are unjust according to your personal beliefs and religious doctrine (for example Christian just war theory), is giving support to the ...
-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, ...
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 ...
5 votes
2 answers
242 views

Mass surveillance and the concealed subject of power

In Spivaks essay, can the Subaltern speak, she states that: [the] contemporary invocations of the libidinal economy and desire as the determining interest, combined with practical politics of the ...
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 ...
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 ...
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, ...
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 ...