Category Archives: Philosophy

Is Economics a Science? Dogmatic Economics Vs. Reflective Economics

The question asked in the title of this post is actually somewhat of a trick. It is a trick because it all depends upon how you define ‘science’. Often when people say that economics is a science what they are … Continue reading

Posted in Economic Theory, Philosophy, Psychology | 42 Comments

GLS Shackle and the Link Between Theology and Marginalist Economics

Yesterday I came across an interesting and unusual paper by Bruce Littleboy entitled ‘Religious Undercurrents in the Writings of GLS Shackle‘. As readers of this blog will probably be aware Shackle is one of my favourite economists. I had never, … Continue reading

Posted in Economic Theory, Philosophy | 2 Comments

INET YSI Discussion of a Chapter of My Forthcoming Book

Earlier this week Amogh Sahu set up a INET YSI discussion group to deal with the 4th chapter of my forthcoming book which is entitled ‘Schemata: Abstraction and Modelling’. This is not available yet but I shared a draft with … Continue reading

Posted in Economic Theory, Philosophy | Leave a comment

The Backward World of ‘Arguments From Authority’ in Economics

Unlike almost all the other human sciences economics suffers from chronically poor scholarship. Bad habits of citation and scholarship have become so ingrained in the discipline that to not adhere to them is often considered to be poor form or … Continue reading

Posted in Economic Theory, Philosophy | 6 Comments

Murray Rothbard, Edmund Burke and Intellectual Myopia

There is nothing so sad as to watch someone mistake a parody of his character for a complement. I suppose there are three ways to respond to people having fun on your behalf. The first, and most endearing, is to … Continue reading

Posted in Philosophy, Politics | 6 Comments

Uncertainty and Freedom

I am beginning to increasingly think that Keynes’ economics, with its every present emphasis on uncertainty, is actually an economics that takes the idea that humans are free seriously. That is, it is an anti-deterministic economics. I think that the … Continue reading

Posted in Philosophy | 10 Comments

The Reformation in Economics: Table of Contents

So, my book is super close to being finished (I know… I keep saying that…). And I have an agent currently considering it. They have said that they want this to be published as a popular book which is exactly … Continue reading

Posted in Economic Theory, Media/Journalism, Philosophy | 6 Comments