Words, Objects and Events in Economics The Making of Economic Theory

• Other Authors: Róna, Peter (Editor), Zsolnai, László (Editor), Wincewicz-Price, Agnieszka (Editor)
• Format: Electronic Book Chapter
• Language: English
• Published: Springer Nature 2021
• Series: Virtues and Economics
• Subjects: Social & political philosophy; Economic history; Phenomenology & Existentialism; Ethics & moral philosophy; Philosophy; Philosophy of the Social Sciences; History of Economic Thought/Methodology; Phenomenology; Research Ethics; Philosophical Methodology; History of Economic Thought and Methodology; Moral Philosophy and Applied Ethics; An Essay on Humble Economics; from a Theoretical Basis to the Next System; How (not) to Connect Ethics and Economics; Identity Theories in Economics; Normative Distinction in Economic Methodology; Open Access; Research Ethics in Economics; Words and Objects in Economics; The Complexity of Human Nature; The Making of Economic Theory; The Naturalisation of Normative Economics; Philosophy of science; Topics in philosophy
• Online Access: DOAB: download the publication; DOAB: description of the publication

This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from the favorable reception of the first volume of the Virtues in Economics series and represent further contributions to the themes set out in that volume: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return descriptive economics as the means with which the moral content of economic life could be restored in economic theory. This book is of interest to researchers and students of the methodology of economics, ethics, philosophers concerned with agency and economists who build economic models that rest in the intention of the agent.