This is a wonderful development. Economics is a social science. Qua science, its aim is to acquire knowledge. The job of an economist is not to supply society's ends but to describe various means to whatever ends society has. The economist's job is not to make policy; it is to make policymaking rational. The economist's job is not to tell people what to value; it is to help them realize their values. Philosophy is structurally the same as economics. The economist is equipped to tell others which bundles of goods are accessible. The philosopher is equipped to tell others which sets of beliefs are consistent. Economics is constrained by the laws of supply and demand. Philosophy is constrained by the law of noncontradiction. Philosophy is cognitive economics.
Economics
Posted at 6:45 PM CT on Friday, 27 January 2006