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Book Cover
E-book
Author Crespo, Ricardo F.

Title Theoretical and practical reason in economics : capacities and capabilities / Ricardo F. Crespo
Published Dordrecht ; New York : Springer, ©2013

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Description 1 online resource
Series SpringerBriefs in philosophy, 2211-4548
SpringerBriefs in philosophy.
Contents Nancy Cartwright, capacities and nomological machines. the role of theoretical reason in science -- Sen's capability approach: the role of practical reason in social science -- The contributions of aristotle's thought to the capability approach -- Socio-economic machines and practical models of development: the role of the HDI -- Conclusion: theoretical and practical reason in economics
Summary The aim of the book is to argue for the restoration of theoretical and practical reason to economics. It presents Nancy Cartwright and Amartya Sen's ideas as cases of this restoration and sees Aristotle as an influence on their thought. It looks at how we can use these ideas to develop a valuable understanding of practical reason for solving concrete problems in science and society. Cartwright's capacities are real causes of events. Sen's capabilities are the human person's freedoms or possibilities. They relate these concepts to Aristotelian concepts. This suggests that these concepts can be combined. Sen's capabilities are Cartwright's capacities in the human realm; capabilities are real causes of events in economic life. Institutions allow us to deliberate on and guide our decisions about capabilities, through the use of practical reason. Institutions thus embody practical reason and infuse certain predictability into economic action. The book presents a case study: the UNDP's HDI.​
Analysis Economics
Genetic epistemology
Ethics
Economics -- Methodology
Social sciences -- Methodology
Economics/Management Science
Methodology and the History of Economic Thought
Methodology of the Social Sciences
Epistemology
Bibliography Includes bibliographical references
Notes English
Subject Economics -- Philosophy
BUSINESS & ECONOMICS -- Economics -- Theory.
Droit.
Sciences sociales.
Sciences humaines.
Economics -- Philosophy
Form Electronic book
ISBN 9789400755642
9400755643
9400755635
9789400755635