ECON 408 - Philosophy and Economics
Section: 001
Term: FA 2010
Subject: Economics (ECON)
Department: LSA Economics
Requirements & Distribution:
Waitlist Capacity:
Enforced Prerequisites:
ECON 401 with a C- or better.
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

Questions in and about economics that are of philosophical interest arise in at least three areas. First, there are questions about the scientific status of economics. E.g., if economic models are literally false representations of reality, how can they aid understanding?

Second, there are puzzles arising within economic theory, especially concerning the notion of rationality. E.g., why model economic agents as homo economicus if such a being would be a 'rational fool'? And third, there are matters concerning the relation between economics and normative questions of economic policy. E.g., what would be an optimal savings rate in very long run? Such questions are conceptually challenging and there is no consensus on answers. This course explores a selection of such questions.

For textbook information, please visit the ECON Textbook Information Website. Information will be posted for each class as soon as it is available.

ECON 408 - Philosophy and Economics
Schedule Listing
001 (LEC)
MW 2:30PM - 4:00PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.

ISBN: 052160866X
Economic analysis, moral philosophy, and public policy, Author: Daniel M. Hausman ; Michael S. McPherson, Publisher: Cambridge University Press 2. ed. 2006
ISBN: 1577660633
Economical writing, Author: Deirdre N. McCloskey., Publisher: Waveland Press 2nd ed. 2000
ISBN: 0674005112
Justice as fairness : a restatement, Author: John Rawls ; edited by Erin Kelly., Publisher: Harvard University Press 2. ed., 3. 2001
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