The Economic World View

Studies in the Ontology of Economics

Uskali Mäki editor

Format:Hardback

Publisher:Cambridge University Press

Published:26th Jul '01

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The Economic World View cover

These essays consider 'ontological criteria', how economists choose models and theories to understand economic behaviour.

What is the implicit vision of social reality behind explicitly held economic theories? These essays seek to unearth the 'ontological underworld' that shapes the criteria economists use in making choices between theories. This important collection will be of great value to economists and philosophers of social sciences.The beliefs of economists are not solely determined by empirical evidence in direct relation to the theories and models they hold. Economists hold 'ontological presuppositions', fundamental ideas about the nature of being which direct their thinking about economic behaviour. In this volume, leading philosophers and economists examine these hidden presuppositions, searching for a 'world view' of economics. What properties are attributed to human individuals in economic theories, and which are excluded? Does economic man exist? Do markets have an essence? Do macroeconomic aggregates exist? Is the economy a mechanism, the functioning of which is governed by a limited set of distinct causes? What are the methodological implications of different ontological starting points? This collection, which establishes economic ontology as a coordinated field of study, will be of great value to economists and philosophers of social sciences.

"The publication of this new book on the philosophy of economics is reason to celebrate, and the editor deserves praise for this accomplishment. It is the mature outcome of years of reflection on the subject.... This is one of the best books that I have read on philosophy of economics...it is necessary for anyone who wants to know the current state of this exciting field of research." Markets and Morality

ISBN: 9780521801768

Dimensions: 229mm x 152mm x 24mm

Weight: 730g

418 pages