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How to Do Philosophy of Economics

Daniel M. Hausman
PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association
Vol. 1980, Volume One: Contributed Papers (1980), pp. 353-362
Stable URL: http://www.jstor.org/stable/192578
Page Count: 10
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How to Do Philosophy of Economics
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Abstract

This paper sketches the contemporary turn in philosophy of science and discusses its practical implications for doing philosophy of economics. This turn consists basically of regarding philosophy of science as itself an empirical (social) science. It thus embodies a naturalized epistemology. Some of the circularities inherent in such an epistemology are examined, and it is argued that they are not vicious. Although an empirical approach to the philosophy of science is defended, it is pointed out that there are practical difficulties employing it when studying a discipline like economics in which dispute and controversy are so pervasive. It is argued that the implications of the empirical approach to philosophy of science for day-to-day philosophical practice are undramatic.

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