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The Unity of Science and Economics

The Unity of Science and Economics PDF Author: Jing Chen
Publisher: Springer
ISBN: 149393466X
Category : Science
Languages : en
Pages : 148

Book Description
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.

The Unity of Science and Economics

The Unity of Science and Economics PDF Author: Jing Chen
Publisher: Springer
ISBN: 149393466X
Category : Science
Languages : en
Pages : 148

Book Description
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.

Special Sciences and the Unity of Science

Special Sciences and the Unity of Science PDF Author: Olga Pombo
Publisher: Springer Science & Business Media
ISBN: 9400720300
Category : Science
Languages : en
Pages : 296

Book Description
Science is a dynamic process in which the assimilation of new phenomena, perspectives, and hypotheses into the scientific corpus takes place slowly. The apparent disunity of the sciences is the unavoidable consequence of this gradual integration process. Some thinkers label this dynamical circumstance a ‘crisis’. However, a retrospective view of the practical results of the scientific enterprise and of science itself, grants us a clear view of the unity of the human knowledge seeking enterprise. This book provides many arguments, case studies and examples in favor of the unity of science. These contributions touch upon various scientific perspectives and disciplines such as: Physics, Computer Science, Biology, Neuroscience, Cognitive Psychology, and Economics.

Special Sciences and the Unity of Science

Special Sciences and the Unity of Science PDF Author: Olga Pombo
Publisher: Springer Science & Business Media
ISBN: 9400720297
Category : Science
Languages : en
Pages : 296

Book Description
Science is a dynamic process in which the assimilation of new phenomena, perspectives, and hypotheses into the scientific corpus takes place slowly. The apparent disunity of the sciences is the unavoidable consequence of this gradual integration process. Some thinkers label this dynamical circumstance a ‘crisis’. However, a retrospective view of the practical results of the scientific enterprise and of science itself, grants us a clear view of the unity of the human knowledge seeking enterprise. This book provides many arguments, case studies and examples in favor of the unity of science. These contributions touch upon various scientific perspectives and disciplines such as: Physics, Computer Science, Biology, Neuroscience, Cognitive Psychology, and Economics.

The unity of the capitalist economy and state

The unity of the capitalist economy and state PDF Author: Geert Reuten
Publisher: BRILL
ISBN: 9004392807
Category : Political Science
Languages : en
Pages : 737

Book Description
In The unity of the capitalist economy and state, Geert Reuten offers a systematic exposition of the capitalist system, showing that the capitalist economy and the capitalist state constitute a unity. In its critique of contemporary economics, the book argues that in order to comprehend the capitalist system, one requires a full synthetic exposition of the economic and state institutions and processes necessary for its continued existence. A synthetic approach also reveals a range of components that are often obscured by partial analyses. In its systematic character, Reuten’s work takes inspiration from Marx’s provisional outline of the capitalist system in Capital, while also addressing fields that Marx left unfinished – such as the capitalist state.

The Problem of the Unity of Science

The Problem of the Unity of Science PDF Author: Académie internationale de philosophie des sciences. Meeting
Publisher: World Scientific
ISBN: 9812799591
Category : Science
Languages : en
Pages : 212

Book Description
The unity of science has been a widely discussed issue both in the philosophy of science and within several sciences. Reductionism has often been seen as the means of bringing the different sciences to a fundamental unity by reference to some basic science, but it shows many limitations. Multidisciplinarity and interdisciplinarity have also been proposed as methodologies for attaining unity without underestimating the diversity of the sciences. This volume starts with a clarification of the possible meanings of this unity and then discusses the features of the mentioned approaches to unity, evaluating the success and the shortcomings of the unification programme among different sciences and within a single science. Contents: The General Framework: What Does ''The Unity of Science'' Mean? (E Agazzi); The Unity of Disunity (J Faye); Sciences of Nature and Sciences of Man: On a Difference between Natural Science and the Interpretive Sciences of Man (F Collin); Natural Sciences and Human Sciences (G M Prosperi); Overcoming Reductionism: Complexity, Reductionism, and the Unity of Science (J Ricard); The Consilience Approach to the Unity of Science (B Kanitscheider); The Unity Within a Single Science: The Problem of Unity in a Single Field of Science (A Cordero); The Unity of Particle Physics and Cosmology? The Case of the Cosmological Constant (J Mosterin); Is Quantum Mechanics a Universal Theory ? (B d''Espagnat); and other papers. Readership: Graduate students and academics in the philosophy of science.

Individualism and the Unity of Science

Individualism and the Unity of Science PDF Author: Harold Kincaid
Publisher: Rowman & Littlefield
ISBN: 9780847686636
Category : Philosophy
Languages : en
Pages : 182

Book Description
In this original and important book, Harold Kincaid defends a view of the special sciences -- all sciences outside physics -- as autonomous and nonreducible. He argues that the biological and social sciences provide explanations that cannot be captured by explanations at the level of their constituent parts, and yet that this does not commit us to mysterious, nonphysical entities like vital forces or group minds. A look at real scientific practice shows that the many different sciences can be unified in a way that leaves them each an autonomous explanatory role. This book will be of great interest to philosophers of science and social scientists.

The Unity of Science

The Unity of Science PDF Author: Rudolf Carnap
Publisher: Routledge
ISBN: 1136654291
Category : Philosophy
Languages : en
Pages : 107

Book Description
As a leading member of the Vienna Circle, Rudolph Carnap's aim was to bring about a "unified science" by applying a method of logical analysis to the empirical data of all the sciences. This work, first published in English in 1934, endeavors to work out a way in which the observation statements required for verification are not private to the observer. The work shows the strong influence of Wittgenstein, Russell, and Frege.

Neoclassical Economics and the Unity of Science

Neoclassical Economics and the Unity of Science PDF Author: Bruce Nevin Shortt
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 556

Book Description


Economic Methodology

Economic Methodology PDF Author: Keith Langford Dougherty
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 124

Book Description


Science Bought and Sold

Science Bought and Sold PDF Author: Philip Mirowski
Publisher: University of Chicago Press
ISBN: 9780226538563
Category : Business & Economics
Languages : en
Pages : 590

Book Description
From essays examining economic welfare to the idea of scientists as agents to the digital aspects of higher education, presents a comprehensive overview of the new directions of this expanding area.