00:00    |    
Initial credits
00:06    |    
Introduction
01:08    |    
Philosophical issues in economics
David Hume
Immanuel Kant
Philosophical dichotomies
03:55    |    
Implications for economics
04:00    |    
Economic agents
04:59    |    
Policy recommendations
05:24    |    
Role of philosophers
06:15    |    
Value
Irrational values and biases
10:08    |    
Positivism
Rudolf Carnap
11:49    |    
Postmodernism
Richard Rorty
13:28    |    
Free-market economists
Ludwig von Mises,  Human Action
Milton Friedman,  The Methodology of Positive Economics
Friedrich A. Hayek,  Rules and Order
16:01    |    
Problems stemming from fact/value dichotomy
18:02    |    
Joseph Schumpeter,  A History of Economic Analysis
19:38    |    
Aristotelian approach
20:55    |    
Objectivity or subjectivity of values
Objective value thesis
Subjective value thesis
25:40    |    
Three-way debate
Intrinsic value thesis
Subjective thesis
Objective thesis
Relationship between value and fact statements
29:33    |    
Biological perspective
Fish 
Facts
Values
Value statement
34:58    |    
Human beings
Facts
Values
38:00    |    
Examples of determining value
40:28    |    
Implications for the subjectivity and objectivity of value
Human valuing
Individuality
Authoritarianism
Free society
44:31    |    
Additional resources
45:30    |    
Final words
45:44    |    
Final credits



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Economics as a Value Science

04 de noviembre de 2011   | Vistas: 5 |  

Economics has always used different philosophical currents to understand how individuals interact within markets. Due to the countless values and preferences in an economic system, the quest to determine right from wrong has motivated different philosophers to try to uncover the essence of the issue. Stephen Hicks explains the two philosophical theories that have influenced economic science: positivism and postmodernism. He offers insight into both approaches and compares them to the ideas of some of the most influential liberal economists. According to Hicks, subjectivity and objectivity are the two most commonly used guides for determining value.




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Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín

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