Transcript
  • 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,
    • Milton Friedman,
    • Friedrich A. Hayek,
  • 16:01    |    
    Problems stemming from fact/value dichotomy
  • 18:02    |    
    Joseph Schumpeter,
  • 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
    • 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


Economics as a Value Science

New Media  | 04 de noviembre de 2011  | Vistas: 7

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.




Conferencista

Stephen Hicks is professor of philosophy and executive director of the…

IDEAS DE LA LIBERTAD

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