1 - 6 of 6 Chapters
[In this first chapter the main hypothesis of the book are presented. It argues that economics today requires the theoretical and practical uses of reason. These uses are first defined and characterized. Then, the concepts of “capacity” of Nancy Cartwright and of “capability” of Amartya Sen are...
[This chapter introduces Cartwright’s thinking. She holds that explanation is the aim of science and that science should explain real causes using theoretical reason. Stable causes repeatedly linked originate what she calls “nomological machines”. Cartwright also holds the singularity and...
[This chapter will present Amartya Sen’s Capability Approach (CA) highlighting how it creates a role for practical reason in social sciences, and specifically in economics. Section 3.2 will deal with two problems in Sen’s CA: first, the definition of specific capabilities given their plurality,...
[The objectives of this chapter are to show how Aristotle’s ideas might help to overcome some open issues in the CA: how to define specific capabilities given their plurality, and second, how to choose among capabilities and to assign weights to them given their incommensurability. Answers to...
[The objectives of this chapter are to characterize the socio-economic machines and to show the entanglement of facts and values in economic instruments like indexes. After presenting the proposal for a normative machine and model of capabilities, the chapter analyzes the role of the HDI in this...
[The aim of this chapter is to recapitulate the content of the book. The main message intended here is that it is necessary to recuperate the use of theoretical and practical reason in economics. Cartwright’s capacities are put as an example of the former use of reason and Sen’s capabilities of...
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