Artículo
Two Conceptions of Economics and Maximization
Fecha de publicación:
02/2013
Editorial:
Oxford University Press
Revista:
Cambridge Journal Of Economics
ISSN:
0309-166X
e-ISSN:
1464-3545
Idioma:
Inglés
Tipo de recurso:
Artículo publicado
Clasificación temática:
Resumen
Economics has evolved from a ‘domain-focused’ conception, i.e. the study of specific kinds of human activities, to a ‘scarcity-based’ conception, i.e. the study of a particular approach to all human choices. It thus enlarged its domain and narrowed its perspective: instrumental maximising. This paper maintains that economics should be domain focused, with a core of scarcity-based analysis of its domain, integrated into a broader analysis. It also holds that the scarcity-based analysis of realities falling outside the economic domain is not economics, but rather a social science broader in respect to the field but narrower in respect to the analysis, and thus partial in its conclusions. Section 2 introduces these versions of economics, Section 3 links them to specific conceptions of rationality, Section 4 provides arguments for the paper’s thesis and Section 5 deals with two related versions of maximisation and argues for adopting one of them.
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Articulos de SEDE CENTRAL
Citación
Crespo, Ricardo Fernando; Two Conceptions of Economics and Maximization; Oxford University Press; Cambridge Journal Of Economics; 37; 4; 2-2013; 759-774
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