Philosophy of Economics

This course introduces students to philosophical debates about the foundations and methodology of economics as a field of study. Together we’ll examine questions such as the following: What exactly is economics and what are its aims? Is the field defined by its subject matter or its methodology? Should positive economics be regarded as a value-neutral enterprise? Or does it inevitably need to make value-laden assumptions—about, for instance, rationality, well-being, distributive justice, etc.—that stand in need of justification? Should there be limits to what can be bought and sold on markets—and, if so, what should those limits be? Readings will include works by philosophers and economists. (A)