"Knowledge" takes a central place in economics. This paper shows that the metaphor pervasively used in neoclassical economics to understand knowledge is that of "capital". Taking capital as a metaphor of knowledge introduces problems in neoclassical economic theory, as becomes apparent when...

Purpose – The purpose of this paper is to explain the virtues (despite Moellendorf's criticisms) of the geoliberal framework of social justice, which assumes that people have rights to themselves and that all people have equal rights to natural opportunities. Design/methodology/approach –...

This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for. An analytical method is proposed to accomplish this...

This paper presents theory and evidence to show that imperialism was a major factor impeding the spread of the industrial revolution during the century ending in the 1950s. Two empirical results stand out. First, analysis of historical evidence shows that most sovereign countries were...

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...

Показывается значение курса «Философия экономики» для теоретической подготовки магистра экономики. Доказывается, что освоение курса магистрантами будет...