Economic Philosophy

Posted on 13 June 2015 by Małgorzata Dereniowska

The main objective of the Philosophy-Economics Network is to promote and facilitate interactions between philosophy and economics on contemporary issues, and to circulate relevant information. This vision and mission can be called, notably in line with Joan Robinson, “economic philosophy.”

Although there have always been links and interactions between economics and philosophy, there exists a growing interest to constitute economic philosophy as an emerging field of research. Indeed, economics always involves making choices that are not only methodological, but also epistemological and ontological. Very often these aspects are not directly questioned by economists.

Economic philosophy focuses specifically on these topics, since discussing them is a way to both criticize and to deepen economic theories and their implications. Thus, the specificity of economic philosophy is to be not only a discourse on economics, but to be a reflexive inquiry of economics. Such specific questions call for blending the approaches and problematics from both philosophy and economics (although certainly a broader need for a multidisciplinary communication and collaboration is not limited to these two disciplines).

In order to provide some analytical three major axes of interaction between philosophy and economics can be identified: (a) moral and political philosophy and normative economics, (b) philosophy of sciences and economic methodology, (c) history of philosophy and history of economic thought. However, independently of the chosen perspective (ethical, epistemological, or historical), it is the coexistence of these two disciplines that is, according to us, a necessary condition for economic philosophy.