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This volume consists of essays from a colloquium about "philosophy of economics" held at the·University of l1unich in July, 1981. They are contributions to an enterprise which in some respects is long-standing and in other respects is new. The long-standing enterprise is to somehow establish decision theory and its kindred disciplines as the basis of economic theory from which its other parts might be shown to follow. The new enterprise is to apply (some of) the latest methods of phi. losophy of science to economic theory. By "philosophy of science" we do not mean h:istory of science and the like; rather we mean a reconstructive proce­ dure which clarifies and deepens the understanding of the science under investigation. By "the latest methods" we refer to the structuralist view which has emerged in the last fifteen years, and which has been success­ fully applied most notably to physical theories. Economics being rather like a stepchild of a reconstructivist philo­ sophy of science, we think much of the interest of this volume to lie just in its attending to the newer enterprise_ We are happy to have brought together at the colloquium some of the few philosophers of scien­ ce working in. this field who share this common goal, and we hope that their essays will stimulate further work. -The contributions to the long-standing enterprise, though perhaps not as urgent, are no less valuable.








Content:
Front Matter....Pages I-VIII
Neoclassical Theory Structure and Theory Development....Pages 1-15
Empirical Claims in Exchange Economics....Pages 16-40
Ramsey-Elimination of Utility in Utility Maximizing Regression Approaches....Pages 41-62
Structure and Problems of Equilibrium and Disequilibrium Theory....Pages 63-84
A General Net Structure for Theoretical Economics....Pages 85-102
General Equilibrium Theory — An Empirical Theory?....Pages 103-117
The Basic Core of the Marxian Economic Theory....Pages 118-144
A Structuralist Reconstruction of Marx’s Economics....Pages 145-160
‘Value’: A Problem for the Philosopher of Science....Pages 161-168
The Economics of Property Rights — A New Paradigm in Social Science ?....Pages 169-190
Subjunctive Conditionals in Decision and Game Theory....Pages 191-200
The Logical Structure of Bayesian Decision Theory....Pages 201-222
Computational Costs and Bounded Rationality....Pages 223-238
How to make Sense of Game Theory....Pages 239-270
On the Economics of Organization....Pages 271-279
How to Reconcile Individual Rights with Collective Action....Pages 280-304
Back Matter....Pages 305-306



Content:
Front Matter....Pages I-VIII
Neoclassical Theory Structure and Theory Development....Pages 1-15
Empirical Claims in Exchange Economics....Pages 16-40
Ramsey-Elimination of Utility in Utility Maximizing Regression Approaches....Pages 41-62
Structure and Problems of Equilibrium and Disequilibrium Theory....Pages 63-84
A General Net Structure for Theoretical Economics....Pages 85-102
General Equilibrium Theory — An Empirical Theory?....Pages 103-117
The Basic Core of the Marxian Economic Theory....Pages 118-144
A Structuralist Reconstruction of Marx’s Economics....Pages 145-160
‘Value’: A Problem for the Philosopher of Science....Pages 161-168
The Economics of Property Rights — A New Paradigm in Social Science ?....Pages 169-190
Subjunctive Conditionals in Decision and Game Theory....Pages 191-200
The Logical Structure of Bayesian Decision Theory....Pages 201-222
Computational Costs and Bounded Rationality....Pages 223-238
How to make Sense of Game Theory....Pages 239-270
On the Economics of Organization....Pages 271-279
How to Reconcile Individual Rights with Collective Action....Pages 280-304
Back Matter....Pages 305-306
....
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