ENGLISH

Theoretical and practical reason in economics : capacities and capabilities

By Crespo , Ricardo F

Book information

Publisher
Springer
Year
2013
ISBN
978-94-007-5564-2, 9400755643
DOI
10.1007/9789400755642
Language
english
Format
PDF
Filesize
2 MB (2355183 bytes)
Series
SpringerBriefs in philosophy
Pages
115\115
Time added
2016-01-18 05:00:00

Description

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{u2019}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{u2019}s capacities are real causes of events. Sen{u2019}s capabilities are the human person{u2019}s freedoms or possibilities. They relate these concepts to Aristotelian concepts. This suggests that these concepts can be combined. Sen{u2019}s capabilities are Cartwright{u2019}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{u2019}s HDI.{u200B} Read more... Abstract: This book argues for the restoration of theoretical and practical reason to economics, presenting the ideas of Nancy Cartwright and Amartya Sen, and showing they can foster a useful understanding of practical reason for solving problems in science and society. Read more...

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