David Hume and Modern Economics

Dados Bibliográficos

ID8246774
AutoresSheila C Dow (0000-0001-9969-197X, University of Stirling, autor correspondente)
Ano2009
Volume4
Fascículo1
Data de publicação2009-01-23
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoCapitalism and Society (JOURNAL)
Identificadores do periódicoISSN: 1932-0213 • E-ISSN: 2194-6140
EditoraWalter de Gruyter GmbH (PUBLISHER • DE)
DOI10.2202/1932-0213.1049
OpenAlexW2033288466
IdiomaEN
Citações recebidas6
Referências citadas8

Hume’s contribution to modern economics is normally thought of in terms of his early statement of the quantity theory of money, and to a lesser extent his views on trade and development. At a methodological level the influence from his empiricism is commonly traced to the development of econometrics. But if we explore his philosophy more fully, we find a much richer set of ideas which can illuminate the way we approach issues in modern economics. Here therefore we explore Hume’s theory of human nature and his theory of knowledge in order to understand how he viewed economic behaviour as inherently bound up in other aspects of life. From this follows a perspective on the relations between economics and other disciplines (notably history, sociology and psychology) which may inform current explorations of these relations. This reading of Hume’s approach to economics is illustrated by revisiting his theories of money and growth, and his approach to empiricism. Hume holds the potential for a much richer contribution to modern economics than is normally understood

Economic methodology · Economics · Empiricism · Epistemology · Order (exchange · Perspective (graphical · Positive economics · Reading (process · Set (abstract data type · Statement (logic · Computer Science · Critical Realism in Sociology · Economic Theory and Institutions · Philosophy · Political Economy and Marxism