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Against a post-Hayekian economic philosophy

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  • Marlyse Pouchol

Abstract

The article takes a position on an approach that puts economic philosophy in a field consisting of three types of intersection: between political economy and social philosophy, between normative economics and moral philosophy, and finally between economics and philosophy of science. It shows, firstly, that this economic philosophy presupposes a Hayekian conception of the formation of the human mind and ways of economic progress, a design that offers the possibility of linking arguments of biological, moral and epistemological type in the same problematic. Despite this heritage, it is also undeniable that economic philosophy takes a distance with respect to Hayek, in particular, from the point of view of the criteria for the validity of a theory. While Hayek is animated by a concern for scientific truth, economic philosophy considers it necessary to establish another criterion for validity, this time, the predictive ability of a theory. But we should not assume that this change indicates a critical distance from the Austrian author, but rather an act of further allegiance.

Suggested Citation

  • Marlyse Pouchol, 2013. "Against a post-Hayekian economic philosophy," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 65, pages 203-226.
  • Handle: RePEc:cpo:journl:y:2013:i:65:p:203-226
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    More about this item

    Keywords

    economic philosophy; Hayek; methodology;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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