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Against a post-Hayekian economic philosophy

Marlyse Pouchol ()

Cahiers d’économie politique / Papers in Political Economy, 2013, issue 65, 203-226

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.

Keywords: economic philosophy; Hayek; methodology (search for similar items in EconPapers)
JEL-codes: B4 B5 B53 (search for similar items in EconPapers)
Date: 2013
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