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Philosophy in the Time of Economic Crisis - Pragmatism and Economy (Paperback)
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Philosophy in the Time of Economic Crisis - Pragmatism and Economy (Paperback)
Series: Routledge Frontiers of Political Economy
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For over 2000 years, economics was studied in the West as a branch
of ethics, or moral philosophy. Presently, though, few economists
and no textbook in economic orthodoxy claim any close connection
between economic science and philosophy. However, might the current
'crises' in economics, and in the economics profession have their
deep roots in the separation of economics from philosophy and
ethics? American pragmatism, among the various contemporary
philosophic traditions, lends itself specially to dialogue with
economics because of its view of philosophy as an instrument for
solving the real, concrete problems of human life, both personal
and social. The essays in this volume, drawing heavily on the
tradition of pragmatism, suggest that the economic crises of our
time (the 2008 collapse of real estate and finance markets) might
not be merely technical in nature - that is, the result of faulty
applications of economic tools by politicians and policy makers,
based up conventional economic models - but also due to the faulty
philosophical assumptions underlying those models. These essays
suggest that the overcoming of our current economic crises requires
that economists once again become moral philosophers, or that
philosophers once again engage themselves in economic matters. In
either case, this volume aims to foster dialogue between the two
disciplines and in that way, contribute to the improvement of
contemporary economic life. This book is suitable for those who
study political economy, economic theory and economic philosophy.
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