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The ‘desire for money:’ Aristotelian blind spot in the field of economics? A French heterodox point of view

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  • Richard Sobel

    (Université Lille1)

Abstract

If the field of economics has today become the archetype for determinism in the social sciences, it comes at the price of a form of objectivity founded on the complex process of the reduction and naturalization of a certain type of social relation, a process best described via the real approach or the ‘approach by value.’ A radical critique of this process requires the deconstruction of this dominant approach, characterized by the articulation of neoclassical theory and economic liberalism. It is only once the repression of the desire for money, a repression constitutive of false economic objectivity, has been denounced that the standard model can then be subject to such a critique. This will in turn open the possibility of an economic theory which is radically anti-naturalist.

Suggested Citation

  • Richard Sobel, 2013. "The ‘desire for money:’ Aristotelian blind spot in the field of economics? A French heterodox point of view," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 6(2), May.
    • Handle: RePEc:bus:jphile:v:6:y:2013:i:2:n:1
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    References listed on IDEAS

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    1. Arnaud Berthoud, 2002. "Essais de philosophie économique," Post-Print halshs-00197050, HAL.
    2. Arnaud Berthoud & Bernard Delmas & Thierry Demals (sous La Dir. De), 2007. "Y a-t-il des lois en économie ?," Post-Print halshs-00292289, HAL.
    3. Nicolas Postel & Richard Sobel, 2009. "Institutionalism as the way of unification of the heterodox theories," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 3(1), pages 44-74, November.
    4. Arnaud Berthoud, 1994. "Remarques sur la rationalité instrumentale," Cahiers d'Économie Politique, Programme National Persée, vol. 24(1), pages 105-124.
    5. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
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    More about this item

    Keywords

    naturalism; real approach; monetary approach; desire for money;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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