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Tag Archives: economics and philosophy

On James Buchanan (yeah that one!), European Greatness and the fate of Good Ideas — Eric Schliesser

[James] Buchanan (who won a Nobel 1986) is the kind of economist that did not disguise he read and engaged with philosophers (especially Rawls) throughout his life.… Digressions&ImpressionsOn James Buchanan (yeah that one!), European Greatness and the fate of Good IdeasEric Schliesser | Professor of Political Science, University of Amsterdam’s (UvA) Faculty of Social and Behavioural Sciences

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David F. Ruccio — “They aren’t laws of nature”

Nicola Headlam is, I think, right with respect to “how the rules of the economy are set”: “Somehow, someone, somewhere made these rules up. They aren’t laws of nature.” And they determine “who’s got what and where and why”. The question is, how do we teach economics so that that message gets through? What to do? Start calling BS for starters. This is yet another example of economics as philosophy, which is rationally based, rather being than science, which is empirically based. This is a...

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