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Emerging Engagement between Philosophy and Philosophy of Economics: Parfit, Simon, and Sen

Author

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  • Davis, John B.

    (Department of Economics Marquette University)

Abstract

This paper investigates philosophy’s engagement with one social science, economics, via the philosophy of economics. It first distinguishes mainstream philosophy of economics and heterodox/non-mainstream philosophy of economics, and then argues that the latter’s increasing recourse to analytical reasoning in philosophy to advance its critiques of mainstream economics points toward a new engagement between philosophy of economics and philosophy. To provide grounds for this argument, the paper discusses shared thinking of three key figures: philosophy’s Derek Parfit and from economics Herbert Simon and Amartya Sen. It argues their respective critiques of dominant ideas in their fields reflect a little discussed convergence in thinking between philosophy and economics through heterodox/non-mainstream philosophy of economics. This convergence is argued to reflect a shared commitment to one philosophical conception of temporal sequences, namely, the past-present-future as opposed to the before-after sequence. Philosophy’s future engagement with economics as a social science, the paper concludes, builds on the role this conception plays in both in the future.

Suggested Citation

  • Davis, John B., 2024. "Emerging Engagement between Philosophy and Philosophy of Economics: Parfit, Simon, and Sen," Working Papers and Research 2024-05, Marquette University, Center for Global and Economic Studies and Department of Economics.
    • Handle: RePEc:mrq:wpaper:2024-05
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    File URL: https://epublications.marquette.edu/econ_workingpapers/99
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