This work offers the first comprehensive comparison between the philosophy of Adam Smith and that of his successor, Thomas Reid. It looks at Reid's and Smith's remarkably similar accounts of human perception and judgement, and at their different moral and economic theories. In this way, this...

As with many philosophers of the modern period, Smith's thought was highly influenced by the advent of modern, Newtonian physics as well as by the so-called mechanistic worldview. However, the adoption of this theoretical paradigm leads to an aporia, i. e., to a fundamental problem, within...

In the Theory of Moral Sentiments, Smith argued against the account of human nature which views moral sentiments as deriving from self-love. This paper emphasises that Smith's understanding of human nature was not that it was either selfish or benevolent. Human nature consists of the ability to...

This article examines the interpretation of Adam Smith's writings in The Birth of Biopolitics, where Foucault delves into market processes, the government's role, the nature of economic knowledge, the dynamics of the "invisible hand," and the complex relationship between society and the state....

Available open access digitally under CC-BY-NC-ND licence.Following on from The Hand Behind the Invisible Hand and A Realist Philosophy of Economics, this new book drawn from Karl Mittermaier's writings examines the intricate relationship between economic theory and real-world economic...

This article introduces the ordonomic research program and explains its methodological roots. It shows how a German-speaking line of tradition has developed from Order Economics (Ordnungsökonomik) through Order Ethics (Ordnungsethik) to Ordonomics (Ordonomik). Ordonomics integrates central...

The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new approaches to understanding and transforming economies....

Biographical note: Carsten Herrmann-Pillath is Professor and Permanent Fellow at the Max Weber Centre for Advanced Cultural and Social Studies, University of Erfurt and a principal researcher at the COEVOLVERS project.

Chapter 1: Introduction The Importance of Sensemaking for Organizations -- Chapter 2: From Sensemaking in to Sensemaking as Organizing The Evolution of Weicks Thought -- Chapter 3: Rethinking Sensemaking Critiques and Lines of Flight -- Chapter 4: Sensemaking and Time Toward a Radical Processual...

James Meade was a highly influential British economist who made significant contributions to both theoretical economics and economic policy. He was awarded a Nobel Prize for his work on the theory of international economic policy and was one of the first economists to serve in the wartime...

Rational choice theories belong to the most important building blocks of 20th century economics. Their usefulness to model human behaviour has been extensively debated in modern social science and beyond. While some have argued that rational choice theories should be applied to a broad range of...

1. Prologue: A False Conception of Politeia -- 2. Society as a Rational Choice -- 3. The returns on the social contract -- 4. The returns on the social contract -- 5. The economy and society -- 6. On the conception of Liberty -- 7. On the conception of Liberty -- 8. A Brief note on the Organic...

Dieser Kurztext skizziert zwei Ideen und eine Empfehlung, die als Anregungen für die Wirtschaftsphilosophie und ihre programmatische (Re-)Vitalisierung dienen mögen.

Forschungsgegenstand der Wirtschaftsphilosophie sind die Praxen der Wirtschaft und die Theorien, die sich mit Wirtschaft beschäftigen. Wir haben dieses Forschungsfeld mit verschiedenen Varianten einer Vier-Felder-Matrix aufgefächert, um deutlich zu machen, dass sowohl die Theoretische...

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

This article argues that the current crisis of environmental degradation and global inequality is caused by the dominance of the philosophical principles of individualism and neo-liberalism in public and private economic decision-making since the 1970s. This crisis can be overcome by a...

In the Phenomenology of Spirit (1807), G.W. F. Hegel argues that in order for self-consciousness to develop independence, he must subject another form of self-consciousness to dependence by means of consumption or domination in a death-and-life struggle. The battle for independence between these...

Adam Smith sees religion both as having a useful and a dangerous role. People create gods to explain what they do not understand and appease their desire of justice when human justice is perceived to fail. These are socially useful functions of religion. But when religion is used as a political...

This article comprises an up-to-date critical review of the field known as Economic Methodology or Philosophy of Economics (EM/PE). Two edited volumes (Kincaid and Ross 2021; Heilmann and Reiss 2021), a special issue of the Journal of Economic Methodology (2021), and a recent bibliometric analysis...

Experimental philosophy, as practiced by political philosophers, has tended to use experimental methods to gain leverage on traditional normative and political questions. Typically, these methods are the same ones used in cognitive and social psychology, which is to say non-incentivized,...