Professor Narmadeshwar Jha was a noted scholar on History of Economic Thought that took its shape under the influence of Alfred Marshall. His widely referred book - The Age of Marshall: Aspects of British Economic Thought, 1890-1915 – was written under the supervision of Professor A.J. Brown...

Based on the ontological and epistemological problems and solutions exposed in the previous paper, we scrutinize the philosophical grounds of three main schools of economics. They are not opposing one another as solid blocks of incompatible ideas and theories, but each school contains...

The article discusses the features of China’s economic culture. The author traces the genesis of the economic model of the Chinese civilization and determine its potential as an alternative to the Western one. Among the characteristic properties of the Chinese model for much of the New Age one...

Economists often refer to mechanisms in explaining economic phenomena. Therefore, models of mechanisms play an important role in economics. The goal of the paper is to investigate of what kind of entities such models are and what is the epistemological status of theoretical claims built upon...

Cost–benefit analysis (CBA) gives rise to a whole range of philosophical issues. The most discussed among these is the status of economic values that are assigned to assets conceived as incommensurable with money, such as a human life or the continued existence of an animal species. CBA...

The concept of need plays an essential role in defining legitimate health inequalities. The debate on equity in healthcare policy has so far evolved independently of the philosophical discussions of need. This article draws on moral and political philosophy in order to develop a conception of...