Philosophy Now Forum

Philosophy Explorer wrote:Does economic philosophy make sense to you?

I prefer to explore economics on its own terms rather than as a part of political philosophy. There's all sorts of topics that can be explored (e.g. trickle-down theory). I know that Von Mises is a big name along with Adam Smith, Karl Marx and others in this field.

What do you think?

PhilX

Hobbes' Choice wrote:

Philosophy Explorer wrote:Does economic philosophy make sense to you?

I prefer to explore economics on its own terms rather than as a part of political philosophy. There's all sorts of topics that can be explored (e.g. trickle-down theory). I know that Von Mises is a big name along with Adam Smith, Karl Marx and others in this field.

What do you think?

PhilX

This comment betrays your misunderstanding of philosophy.
Economics in it's own terms is philosophy.
Right back to Hesiod philosophy has included thoughts on how money and wealth works, and what are its consequences and implications. Even the word is borrowed from ancient Greece.

Philosophy Explorer wrote:

Hobbes' Choice wrote:

Philosophy Explorer wrote:Does economic philosophy make sense to you?

I prefer to explore economics on its own terms rather than as a part of political philosophy. There's all sorts of topics that can be explored (e.g. trickle-down theory). I know that Von Mises is a big name along with Adam Smith, Karl Marx and others in this field.

What do you think?

PhilX

This comment betrays your misunderstanding of philosophy.
Economics in it's own terms is philosophy.
Right back to Hesiod philosophy has included thoughts on how money and wealth works, and what are its consequences and implications. Even the word is borrowed from ancient Greece.

Any idea as to why forums tend to ignore this subject whereby if it comes up, it would come under political philosophy (or maybe general philosophy) instead of the philosophy of economics?

PhilX

Philosophy Explorer wrote:Quoting Hobbes' Choice:

"I do do not recognise your perception."

I presume you mean you find it hard to understand my perception.

Economics affects everybody directly whether it be say unemployment, prices, salary, etc. (as an aside I just saw the price of gas jump 20 cents at my car's local watering hole).

I think nobody can debate the importance of economics.
Often at websites though, when it comes up, it's under political philosophy because government makes laws that relate to economics (whether they actually do is another story) so on this important subject, I'd rather see
discussion without the politics. That's my explanation.

PhilX

Economics is inextricably linked to philosophy.

spike wrote:

Economics is inextricably linked to philosophy.

Every discipline is inextricably liked to philosophy.

Knitting is not particularly, neither is body building. Not as much as economics.

Philosophy is the language and discussion hind all disciplines. Philosophy helps facilitate them. Philosophy is like the bee pollinating.

A lot of intellectuals/philosopher have a disregard for economics. That's because they tend to see the exploitive side of it. They also tend to view it as incidental and trivial. They don't appreciate the fact that economics has done more to shape and develop society than any human activity. And without the work and income that economics provides there is little else in life that's possible. Moreover, without its good planning societies can have a very difficult time of it, with social unrest. I sure the French or Russian revolutions wouldn't have been if good and fair economics has been practices at the time.

True, but, the economics they had were justified by philosophy.

The Middle East would not be such a shambles if a fair economic life for all had been a guiding principle.

spike wrote:Economics was born to address the imposition and demands of the universal laws of thermodynamics on the human enterprise. Capitalism has emerged the world's premier economic system because it best addresses those laws, especially the second law.

spike wrote:Economics was born to address the imposition and demands of the universal laws of thermodynamics on the human enterprise. Capitalism has emerged the world's premier economic system because it best addresses those laws, especially the second law.

Philosophy Explorer wrote:

spike wrote:Economics was born to address the imposition and demands of the universal laws of thermodynamics on the human enterprise. Capitalism has emerged the world's premier economic system because it best addresses those laws, especially the second law.

Thermodynamics is a branch of physics. Do you have an article that shows this?

PhilX

Philosophy Explorer wrote: Thermodynamics is a branch of physics. Do you have an article that shows this?

PhilX

spike wrote:

Philosophy Explorer wrote: Thermodynamics is a branch of physics. Do you have an article that shows this?

PhilX

There are many articles that show thermodynamics to be a branch of physics. Check the Internet.

Philosophy Explorer wrote:

spike wrote:

Philosophy Explorer wrote: Thermodynamics is a branch of physics. Do you have an article that shows this?

PhilX

There are many articles that show thermodynamics to be a branch of physics. Check the Internet.

Not what I meant. This is the part I'm referring to when you said:

"Economics was born to address the imposition and demands of the universal laws of thermodynamics on the human enterprise."

PhilX