Economics Without Laws Towards a New Philosophy of Economics
This book offers a vision of economics in which there is no place for universal laws of nature, and even for laws of a more probabilistic character. The author avoids interpreting the practice of economics as something that leads to the formulation of uni
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Łukasz Hardt
Economics Without Laws
Łukasz Hardt
Economics Without Laws Towards a New Philosophy of Economics
Łukasz Hardt Faculty of Economic Sciences University of Warsaw Warsaw, Poland
ISBN 978-3-319-54860-9 ISBN 978-3-319-54861-6 (eBook) DOI 10.1007/978-3-319-54861-6 Library of Congress Control Number: 2017946477 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Shotshop GmbH / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
For Anna
Acknowledgements
This book would not have been published without many wise people I had the privilege to meet. So, I would like to thank many great colleagues from the Polish Philosophy of Economics Network who offered me an inspiring environment for discussing many ideas presented in this book. Also, I would like to thank Professor T. Lawson, who invited me to the Cambridge Social Ontology Group where some parts of this book were written. I am grateful for financial support from the National Science Centre of Poland (research grant no. 2013/11/B/HS4/01074). I would like also to thank Brill Academic Publishers for their permission to reprint my paper originally published in Poznań Studies in the Philosophy of the Sciences and Humanities as Chap. 3 in this book. I thank referees for their suggestions and comments. Last but not least, my greatest debt is to my wife, Anna, whose constant support and help enable my scientific work.
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Contents
1 Introduction 1 2 On the Nature of Economic Laws: From Adam Smith to Alfred Marshall 11 2.1 Introduction 11 2.2 A. Smith: Between Scylla of Universal Laws and Charyb
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