SpringerBriefs in Philosophy

Theoretical and Practical Reason in Economics

Capacities and Capabilities

Authors: Crespo, Ricardo F.

  • A timely reflection on the fundamentals of economics in the light of the current financial and economic global crisis  
  • Builds on elements from Nancy Cartwright and Amartya Sen, to propose a way of defining concepts and making decisions about development 
  • Suggests the development of normative models of mechanisms to obtain development objectives through practical reason or public discussion
  • Includes a useful discussion on ways to improve the Indexes of the United Nations Development Program​
see more benefits

Buy this book

eBook $34.99
price for USA (gross)
  • ISBN 978-94-007-5564-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.95
price for USA
  • ISBN 978-94-007-5563-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

The aim of the book is to argue for the restoration of theoretical and practical reason to economics. It presents Nancy Cartwright and Amartya Sen’s ideas as cases of this restoration and sees Aristotle as an influence on their thought. It looks at how we can use these ideas to develop a valuable understanding of practical reason for solving concrete problems in science and society. Cartwright’s capacities are real causes of events. Sen’s capabilities are the human person’s freedoms or possibilities. They relate these concepts to Aristotelian concepts. This suggests that these concepts can be combined. Sen’s capabilities are Cartwright’s capacities in the human realm; capabilities are real causes of events in economic life. Institutions allow us to deliberate on and guide our decisions about capabilities, through the use of practical reason. Institutions thus embody practical reason and infuse certain predictability into economic action. The book presents a case study: the UNDP’s HDI.​

Table of contents (6 chapters)

  • Introduction

    Crespo, Ricardo F.

    Pages 1-14

  • Nancy Cartwright, Capacities and Nomological Machines. The Role of Theoretical Reason in Science

    Crespo, Ricardo F.

    Pages 15-37

  • Sen’s Capability Approach: The Role of Practical Reason in Social Science

    Crespo, Ricardo F.

    Pages 39-53

  • The Contributions of Aristotle’s Thought to the Capability Approach

    Crespo, Ricardo F.

    Pages 55-79

  • Socio-Economic Machines and Practical Models of Development: The Role of the HDI

    Crespo, Ricardo F.

    Pages 81-104

Buy this book

eBook $34.99
price for USA (gross)
  • ISBN 978-94-007-5564-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.95
price for USA
  • ISBN 978-94-007-5563-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Theoretical and Practical Reason in Economics
Book Subtitle
Capacities and Capabilities
Authors
Series Title
SpringerBriefs in Philosophy
Copyright
2013
Publisher
Springer Netherlands
Copyright Holder
The Author(s)
eBook ISBN
978-94-007-5564-2
DOI
10.1007/978-94-007-5564-2
Softcover ISBN
978-94-007-5563-5
Series ISSN
2211-4548
Edition Number
1
Number of Pages
IX, 109
Topics