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Economists as Worldly Philosophers

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While leading figures in the early history of economics conceived of it as inseparable from philosophy and other humanities, there has been movement, especially in recent decades, towards its becoming an essentially technical field with narrowly specialized areas of inquiry. Certainly, specialization has allowed for great progress in economic science. However, recent events surrounding the financial crisis support the arguments of some that economics needs to develop forums for interdisciplinary interaction and to aspire to broader vision.

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  • Robert J. Shiller & Virginia M. Shiller, 2011. "Economists as Worldly Philosophers," Cowles Foundation Discussion Papers 1788, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:1788
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    1. Thomas Cate & L. Johnson, 1998. "The theory of probability: A key element in Keynes' revolution," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 4(4), pages 324-334, November.
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    5. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    6. Boulding, Kenneth E, 1969. "Economics as a Moral Science," American Economic Review, American Economic Association, vol. 59(1), pages 1-12, March.
    7. Ralph Barton Perry, 1916. "Economic Value and Moral Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 30(3), pages 443-485.
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    Cited by:

    1. Hideyuki Kamiryo, 2014. "Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition)," Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition), Better Advances Press, Canada, edition 2, volume 2, number 01 edited by Dr. Yisheng Huang, May.
    2. repec:bap:ees2th:01 is not listed on IDEAS
    3. repec:bap:eebook:02 is not listed on IDEAS
    4. Peter Andre & Armin Falk, 2021. "What’s Worth Knowing? Economists’ Opinions about Economics," ECONtribute Discussion Papers Series 102, University of Bonn and University of Cologne, Germany.
    5. Yochanan Shachmurove, 2012. "Failing Institutions Are at the Core of the U.S. Financial Crisis," PIER Working Paper Archive 12-040, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    6. Konow, James, 2019. "Can ethics instruction make economics students more pro-social?," Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 724-734.
    7. Cheng Li, 2019. "Morality and value neutrality in economics: a dualist view," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 12(2), pages 97-118, May.
    8. Amavilah, Voxi Heinrich, 2011. "The Full Value of the Nobel Prize - Part 1: Mining “Data Without Theory”," MPRA Paper 33483, University Library of Munich, Germany.
    9. Hideyuki Kamiryo, 2014. "Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition)," Earth Endogenous System: To Answer the Current Unsolved Economic Problems (Second Edition), Better Advances Press, Canada, edition 2, volume 2, number 02 edited by Yisheng Huang, May.
    10. Yochanan Shachmurove, 2012. "Financial Crises And Econonomic Institutions An Institutional Account Of The Usa Financial Crisis," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 45-52.

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    More about this item

    Keywords

    Economic methodology; Specialization; Behavioral economics; Psychology; Rational expectations; Economics as a moral science; Pareto criterion; Interdisciplinary; Journal of Economic Perspectives;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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