{"title":"Review of Andrea Komlosy, Work. The Last 1000 Years, translated by Jakob K. Watson with Loren Balhorn, London, Verso, 2018, 265 pp., hb, ISBN 978-1-78663-410-8","authors":"Valentin Cojanu","doi":"10.46298/jpe.10746","DOIUrl":"https://doi.org/10.46298/jpe.10746","url":null,"abstract":"","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43725657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Nietzsche, Deleuze and Guattari: performative Nietzsche, Deleuze and Guattari: performative constitution of unpayable debt in finance constitution of unpayable debt in finance capitalism capitalism","authors":"Christina Banalopoulou","doi":"10.46298/jpe.10737","DOIUrl":"https://doi.org/10.46298/jpe.10737","url":null,"abstract":"Drawing upon the philosophies of Friedrich Nietzsche and Gilles Deleuze and Félix Guattari this essay puts forth the argument that in finance capitalism debt resolution performs as an elusive promise and an appearance that reconstitutes unpayable debt. A close elaboration on Nietzsche's conceptual cartographies of the relation between the flows of Apollo and Dionysus and on the contextualization of this relation within capitalist frames that, as this essay demonstrates, Deleuze and Guattari explore in both Anti-Oedipus and A Thousand Plateaus contributes to the argument that in finance capitalism unpayable debt is performatively constituted through illusions of debt resolution. To date little work offers a performative approach of Deleuze and Guattari's conceptualization of the differential relation between the two flows of capital that constitute unpayable debt, including the ties between these flows and Nietzsche's grasp of the differential relation between Apollo and Dionysus. As a result the performative strategies that constitute, justify, and reproduce unpayable debt in finance capitalism remain relatively unexplored. This essay draws upon the works of Nietzsche and Deleuze and Guattari and adds a performative methodology on the ongoing discussions on debt in order to address the practices that infinitize debt under the gaze of financial capital.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44015315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rejoinder on animal spirits in Descartes and Keynes: a response to Kurt Smith","authors":"S. Scott","doi":"10.46298/jpe.10741","DOIUrl":"https://doi.org/10.46298/jpe.10741","url":null,"abstract":"This essay serves as a response to Kurt Smith, who wrote a philosophical and historical commentary on my 2018 essay entitled ‘Crises, confidence and animal spirits: exploring subjectivity in the dualism of Descartes and Keynes’ in The Journal of Philosophical Economics. It also provides a rejoinder to my original commentary on the role of animal spirits in relation to dualism in the work of Descartes and Keynes. I address Smith’s historical-philosophical response to my work in three ways. First, I revisit Gilbert Ryle’s concept of the intellectualist legend with respect to understanding the Cartesian tradition of thought and expand upon my own exegetical approach in order to clear up the thorny issue of determining and asserting authorial intention. Second, I address the problem of establishing analogies between texts and disciplines. In order to do so I will revisit my earlier critique of the concept of ‘the Economy’ and show that, contra to Smith’s reading, it is not in fact analogous to Descartes’ ‘human being.’ Finally, I open up a fresh exploration of the nature of the relationship between economic rationality and economic system, looking at the broader economic vision of Keynes and some of his notorious opponents – Ludwig von Mises and Friedrich Hayek.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43671206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Towards a theory of ignorance","authors":"A. Fforde","doi":"10.46298/jpe.10739","DOIUrl":"https://doi.org/10.46298/jpe.10739","url":null,"abstract":"The paper develops an argument for the criteria that a theory of ignorance should meet. It starts from the distinction between instrumental and non-instrumental action. Usually, the latter is considered irrational and the former rational as being based upon known cause-effect relations whilst the latter is not. I argue that the former requires a reasoned basis in predictive knowledge of cause and effect, without which good council is either for inaction or noninstrumental action. The argument proceeds by exploiting mainstream statistical methods to explore an example of a 'metric of advised ignorance' to guide explicit reasoned choice allowing rejection of instrumental action in favour of inaction or non-instrumental action. The argument then explores a case study of how such rejection is disallowed by official requirements in International Development Assistance (aid) that contexts must always be believed predictive and so action organised as instrumental. This shows the basic irrationality of mainstream policy rationality. The paper then discusses wider social epistemological issues of this irrationality and concludes with a list of criteria a theory of ignorance should meet.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44297485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The rationality principle as a universal grammar of economic explanations","authors":"Cheng Li","doi":"10.46298/jpe.10735","DOIUrl":"https://doi.org/10.46298/jpe.10735","url":null,"abstract":"A universal grammar of economic explanations is characterized by the meansend rationality principle, which can be understood by drawing a conceptual distinction between its two facets: theoretical abstraction and empirical content. The former serves as a pure form of economic way of thinking and thus delimits the capacities of economists to perceive and understand the manifold human behaviour. The latter provides economists with objects of thought and renders the discipline empirically relevant. Given the implications of the two facets of rationality, the main task of economics as a descriptive science is to incorporate appropriate empirical content into the pure rational framework with the aim of better explaining and predicting human behaviour. As a prescriptive science, economic inquiry should draw on the persuasion and communication skills of its practitioners, thereby influencing the state of the economy through changing the means and ends of the decision makers in question.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":"1 1","pages":""},"PeriodicalIF":0.2,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70491461","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reconsidering economics in relation to sustainable development and democracy","authors":"P. Söderbaum","doi":"10.46298/jpe.10730","DOIUrl":"https://doi.org/10.46298/jpe.10730","url":null,"abstract":"The challenge of sustainable development can be approached from different angles. In this essay it is argued that one also needs to examine the present close to monopoly position of neoclassical economic theory at university departments of economics in many parts of the world. An open debate is needed about paradigms in economics as well as ideological orientations.An alternative to neoclassical theory is outlined where individuals and organizations are regarded as political actors, each guided by an ideological orientation or mission. Reference is made to the 17 UN sustainable development goals suggesting that impacts need to be seen in multidimensional terms and an alternative definition of economics as “multidimensional management of limited resources in a democratic society” is proposed. It is argued that economics need to move away from its technocracy-oriented tendencies to democracy-oriented approaches. This is exemplified by a move away from neoclassical Cost-Benefit Analysis (CBA) to Positional Analysis as approach to decision-making and sustainability assessment.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2019-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45183345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The resilience of modern neoclassical economics -a case study in the light of Ludwik Fleck's 'harmony of deception'","authors":"A. Heise","doi":"10.46298/jpe.10729","DOIUrl":"https://doi.org/10.46298/jpe.10729","url":null,"abstract":"In this paper, Ludwick Fleck’s philosophy and sociology of science will be briefly outlined in order to establish a ‘theory of the resilience of scientific misapprehension’. This theory will be use in order to gain insights into the modes of operation of defence and resilience of modern neoclassical economics in the face of recent harsh critique by singling out a case of extreme deviation of theoretical prediction from empirical evidence: minimum wages’ impact on employment.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2019-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47085579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic essays (part one): toward a realistic concept of choice","authors":"Frederic Jennings Jr.","doi":"10.46298/jpe.10732","DOIUrl":"https://doi.org/10.46298/jpe.10732","url":null,"abstract":"These essays were originally drafted 30 years ago between 1988 and 1990, and then they were filed away and rediscovered just this year. They represented an attempt to offer a simple and unadorned version of fundamental issues in economics pertaining to our urgent need for a realistic concept of choice on which to found our constructions. The first essay introduces the notion of ‘opportunity cost’ and our use of caeteris paribus in the process of partial analysis. The second essay offers two metaphors for economic behavior: the ‘neighborhood store’ where virtually all neoclassical choice occurs; and the ‘chessboard’ that opens three issues simply ignored in orthodox settings. The third essay addresses the problem of interdependence, since choice in this setting confronts our range of awareness as bounded where outcomes spread forever with externalities everywhere, ruling out additivity.","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2019-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43728999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Review of Piero Ferri, Minsky’s Moment. An Insider’s View on the Economics of Hyman Minsky, Edward Elgar Publishing, 2019, 252 pp., ISBN 978-1-78897-372-4","authors":"Andreas Stamate-Ștefan","doi":"10.46298/jpe.10733","DOIUrl":"https://doi.org/10.46298/jpe.10733","url":null,"abstract":"","PeriodicalId":41686,"journal":{"name":"Journal of Philosophical Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2019-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43036639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}