Health Economics As A Science

Ekonomi - Kesehata

Islamic Economics as a Science and System

Understanding a thing as a whole must begin with understanding the nature of science itself. Islamic economics as a science has received rejection from western scientists because of its value-free nature. However, Islamic economics is not entirely a doctrine and normative assumptions, because the Qur'an and hadith as the main legal basis for Muslims contain many descriptive assumptions that can be verified by modern science. Using a qualitative approach and conducting ontological studies to understand Islamic economics better, it is deemed necessary to see Islamic economics as a system that is full of spiritual values without neglecting the material values contained in this research. being the basis of Islamic economics contains many descriptive arguments that can be proven by modern science

Teaching Economics As a Science: The 1930 Yale Lectures of Ragnar Frisch

This paper is prepared for the forthcoming publication of Frisch's 1930 Yale lecture notes, A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch (details at: http://www.routledgeeconomics.com/books/A-Dynamic-Approach-to-Economic-Theory-isbn9780415564090). As the lecture series was given just as the Econometric Society was founded in 1930. We provide as background, a blow-by-blow story of how the Econometric Society got founded with emphasis on Frisch's role. We then outline how the Yale lecture notes came into being, closely connected to Frisch's econometric work at the time. We comment upon the lectures, relating them to Frisch's later works and, more important, to subsequent developments in economics and econometrics.History of econometrics

Economics as a Discipline of Instrumental Reason. Looking at Economics as a Science from the Perspective of the Frankfurt School of Philosophy

The article is built around the analysis of The critique of instrumental reason by Horkheimer, applied to issues connected with the philosophy of economics. Positive economics is under-stood as an example of a discipline where the pragmatic paradigm has been implemented. Therefore, economics functions within the boundaries of what Horkheimer called instrumental rationality. The starting point is the intellectual source shared by economics and the Frankfurt School, namely Kant’s philosophy of rationality. In the first part of the article, three of Kant’s ideas that are fundamental to economics are presented, and then the development of their application in philosophy of science, as seen by Horkheimer in 1947, is laid out. The second part of the article consists of enumerating various distinctive features of economics that set it apart from other social sciences and which constitute factors for which it can be considered a realm of the reign of ‘instrumental rationality’, with all the threats such an approach provokes. The above-mentioned features concentrate on treating humans in economics as a means, not as a goal. This aspect of the philosophy of science of the Frankfurt School (unlike its critique of capitalism as an economic system) has not been widely received

Interview of John Davis by Jonathan Wight

John B. Davis is Professor of Economics, Marquette University, and Professor of Economics, University of Amsterdam, is author of Keynes’s Philosophical Development (Cambridge, 1994), The Theory of the Individual in Economics (Routledge, 2003), Individuals and Identity in Economics (Cambridge, 2011), and co-author with Marcel Boumans of Economic Methodology: Understanding Economics as a Science (Palgrave, 2010). He has been a visiting professor at the Sorbonne, Cambridge University, Erasmus University, and Duke University. He is a former editor of the Review of Social Economy, and is currently co-editor of the Journal of Economic Methodology and the Routledge book series Advances in Social Economics. He is a past president or chair of the History of Economics Society, the International Network for Economic Method, the Association for Social Economics, and past vice-president of the European Society for the History of Economic Thought. He is a Tinbergen Institute Fellow, and has taught two dozen different courses

Objectivity vs. Advocacy: Newspaper Rhetoric during the “Bemis Affair” and the “Oleomargarine Controversy”

I introduce two important case studies of media roles in public debate over the nature of economics as a science. These cases, one during the 1890s and the other in the 1940s, reveal uncertainty among the American citizenry concerning what kind of science economics is. The question—a long-running one—was this: How pure and detached from policy advocacy must economists be

Early Modern Political Philosophies and the Shaping of Political Economy

In the course of the eighteenth and nineteenth centuries the paradigm of a new science, political economy, was established. It was a science distinct from the Aristotelian sub-disciplines of practical philosophy named oikonomía and politiké, and emphasis on its character of science not unlike the natural sciences – still called ‘natural philosophy’ – mirrored precisely a willingness to stress its autonomy from two other sub-disciplines of practical philosophy, that is, ethics and politics. However, the new science resulted from a transformation of part of traditional practical philosophy, allowing the inclusion of bodies of knowledge accumulated by experts of commerce and public finance. Such bodies of knowledge were unified by the (true or alleged) discovery of regularities, mechanisms, causal connections making for a new partial order within the overall social order. How far this paved the way to a science similar to mathematics rather left a normative discipline as alive as ever was a recurrent question for at least a century, until the marginalist revolution opened the way for a sharp division, leaving ‘economics’ as a science of causes and effects facing ‘economic policy’ as a discourse on ends