1st Edition

The Routledge Handbook of the Philosophy of Economics

By Conrad Heilmann, Julian Reiss Copyright 2021
    532 Pages 15 B/W Illustrations
    by Routledge

    532 Pages 15 B/W Illustrations
    by Routledge

    The most fundamental questions of economics are often philosophical in nature, and philosophers have, since the very beginning of Western philosophy, asked many questions that current observers would identify as economic. The Routledge Handbook of Philosophy of Economics is an outstanding reference source for the key topics, problems, and debates at the intersection of philosophical and economic inquiry. It captures this field of countless exciting interconnections, affinities, and opportunities for cross-fertilization.

    Comprising 35 chapters by a diverse team of contributors from all over the globe, the Handbook is divided into eight sections: 

    I. Rationality
    II. Cooperation and Interaction
    III. Methodology
    IV. Values
    V. Causality and Explanation
    VI. Experimentation and Simulation
    VII. Evidence
    VIII. Policy 

    The volume is essential reading for students and researchers in economics and philosophy who are interested in exploring the interconnections between the two disciplines. It is also a valuable resource for those in related fields like political science, sociology, and the humanities.

      1. Introduction  Conrad Heilmann and Julian Reiss

      Part I: Rationality

      2. History of Utility Theory  Ivan Moscati

      3. The Economics and Philosophy of Risk  H. Orri Stefánsson

      4. Behavioral Welfare Economics and Consumer Sovereignty  Guilhem Lecouteux

      5. The Economic Concept of a Preference  Kate Vredenburgh

      6. Economic Agency and the Subpersonal Turn in Economics  James D. Grayot

      Part II: Cooperation and Interaction

      7. Game Theory and Rational Reasoning  Jurgis Karpus and Mantas Radzvilas

      8. Institutions, Rationality, and Coordination  Camilla Colombo and Francesco Guala

      9. As If Social Preference Models  Jack Vromen

      10. Exploitation and Consumption  Benjamin Ferguson

      Part III: Methodology

      11. Philosophy of Economics? Three Decades of Bibliometric History  Francois Claveau, Alexandre Truc, Olivier Santerre, and Luis Mireles-Flores

      12. Philosophy of Austrian Economics  Alexander Linsbichler

      13. Representation  Hsiang Ke-Chao

      14. Finance and Financial Economics: A Philosophy of Science Perspective  Melissa Vergara-Fernández and Boudewijn de Bruin

      Part IV: Values

      15. Values in Welfare Economics  Antoinette Baujard

      16. Measurement and Value Judgements  Julian Reiss

      17. Reflections on the State of Economics and Ethics  Mark D. White

      18. Well-Being  Mauro Rossi

      19. Fairness and Fair Division  Stefan Wintein and Conrad Heilmann

      Part V: Causality and Explanation

      20. Causality and Probability  Tobias Henschen

      21. Causal Contributions in Economics  Christopher Clarke

      22. Explanation in Economics  Philippe Verreault-Julien

      23. Modeling the Possible to Modeling the Actual  Jennifer S. Jhun

      Part VI: Experimentation and Simulation

      24. Experimentation in Economics  Michiru Nagatsu

      25. Field Experiments  Judith Favereau

      26. Computer Simulations in Economics  Aki Lehtinen and Jaakko Kuorikoski

      27. Evidence-Based Policy  Donal Khosrowi

      Part VII: Evidence

      28. Economic Theory and Empirical Science  Robert Northcott

      29. Philosophy of Econometrics  Aris Spanos

      30. Statistical Significance Testing in Economics  William Peden and Jan Sprenger

      31. Quantifying Health  Daniel M. Hausman

      Part VIII: Policy

      32. Freedoms, Political Economy, and Liberalism  Sebastiano Bavetta

      33. Freedom and Markets  Constanze Binder

      34. Policy Evaluation Under Severe Uncertainty: A Cautious, Egalitarian Approach  Alex Voorhoeve

      35. Behavioral Public Policy: One Name, Many Types. A Mechanistic Perspective  Till Grüne-Yanoff

      36. The Case for Regulating Tax Competition  Peter Dietsch


      Conrad Heilmann is Associate Professor of Philosophy at Erasmus School of Philosophy, Co-Director of the Erasmus Institute for Philosophy and Economics (EIPE), and Core Faculty of the Erasmus Initiative Dynamics of Inclusive Prosperity at Erasmus University Rotterdam, The Netherlands. He works on rational choice theory, fairness, finance, and other topics in the philosophy of economics.

      Julian Reiss is Professor of Philosophy at Johannes Kepler University Linz, Austria, and Head of the Institute of Philosophy and Scientific Method. He is the author of Causation, Evidence, and Inference (Routledge, 2015), Philosophy of Economics: A Contemporary Introduction (Routledge, 2013), Error in Economics: Towards a More Evidence-Based Methodology (Routledge, 2008; Erasmus Philosophy International Research Prize), and more than 60 papers in leading philosophy and social science journals and edited collections. 

      Economics has shaped our world through the influence its ideas have had on business behaviour and government policies. As this climate of ideas is clearly changing, there could not be a better time to explore the philosophy of economics. This Handbook is an important contribution to interrogating economics and asking how the discipline could be set on firmer ethical and philosophical foundations.
      Diane Coyle, University of Cambridge

      This handbook is a unique reference on the philosophy of economics, with a very comprehensive coverage and an impressive slate of contributors, many of them belonging to a generation of emerging scholars in the field. It nicely integrates questions of rationality, ethics, and methodology, and it firmly establishes the intimate connection between philosophy and economics, two disciplines which share many traits and interests. A most useful resource for researchers and students interested in the field.
      Marc Fleurbaey, Paris School of Economics

      Handbooks manifest progress and growth of a research field. Since the Oxford Handbook of the Philosophy of Economics (2009) and Philosophy of Economics / Handbook of the Philosophy of Science (2012) about a decade ago, there have been many important new developments in the field. Here we have a wonderfully enriched variety of topics presented to us by an impressive group of a new generation of experts.
      Uskali Mäki, University of Helsinki

      Handbooks are in fashion; this one addresses both philosophers’ questions about economics and economists’ engagement with philosophy. Its 35 chapters range from discussions of the hard, but shared, issues of ethics and values, to the equally difficult practical problems about how economics gets done on the scientific frontier. An invaluable companion piece for both disciplinary communities, and for those who practice in both.
      Mary S. Morgan, London School of Economics