Bernard Hodgson’s Trojan Horse Critique of Neoclassical Economics and the Second Phase of the Empiricist Level of Analysis
- Dennis Badeen
- … show all 1 hide
Purchase on Springer.com
$39.95 / €34.95 / £29.95*
Rent the article at a discountRent now
* Final gross prices may vary according to local VAT.
This article examines and assesses Bernard Hodgson’s critique of the Neoclassical concept of rationality and its place in the literature. It is argued that Hodgson’s Trojan horse critique is superior to the others because it addresses the role of empiricist epistemology in reducing reason to instrumental rationality and consequent disappearance of the human subject of political economy. The second phase of the empiricist level of analysis reintroduces the capacities for ethical deliberation, self-determination, and the socio-historical conditions and institutional setting of the economic agent. Because Hodgson’s solutions presuppose empiricist terrain, they are arbitrary. This occurs because the fundamental problem of Neoclassical rationality is its ontology. Yet by introducing the human subject into economic theory, Hodgson’s solutions move onto an ontological terrain adequate for economic analysis of human subjects.
- Arnsperger, C., & Varoufakis, Y. (2006). What is neoclassical economics? The three axioms responsible for its theoretical oeuvre, practical irrelevance, and, thus, discursive power. Post-Autistic Economics Review, 38, 2–12.
- Badeen, D. (2004). General equilibrium theory as normative ideal social order. In B. Hodgson (Ed.), The invisible hand and the common good (pp. 183–204). New York: Springer.
- Elster, J. (1983). Sour grapes: studies in the subversion of rationality. Cambridge: Cambridge University Press.
- Hausman, D. M., & McPherson, M. S. (1996). Economics analysis and moral philosophy. New York: Cambridge University Press.
- Hodgson, B. (2001). Economics as moral science. New York: Springer.
- Hodgson, B. (2007). Logical positivism and the Vienna circle. In C. Boundas (Ed.), Columbia companion to twentieth century philosophy (pp. 98–115). New York: Columbia University Press.
- Hodgson, G. (2001). How economics forgot history: the problem of historical specificity in social science. New York: Routledge. CrossRef
- Hume, D. (1985). Treatise of human nature. New York: Penguin Books.
- Lawson, T. (1997). Economics and reality. New York: Routledge. CrossRef
- Lawson, T. (2003). Reorienting economics. New York: Routledge.
- Sen, A. (1985). Commodities and capabilities. New Delhi: Oxford University Press.
- Sen, A. (1987). On ethics and economics. New York: Basil Blackwell.
- Winslow, E. (1994). Atomism and organicism. In Geoffrey M. Hodgson, Warren J. Samuels, & Marc R. Tool (Eds.), Elgar companion to institutional and evolutionary economics (pp. 11–13). Brookfield: Aldershot.
- Bernard Hodgson’s Trojan Horse Critique of Neoclassical Economics and the Second Phase of the Empiricist Level of Analysis
Journal of Business Ethics
Volume 108, Issue 1 , pp 15-25
- Cover Date
- Print ISSN
- Online ISSN
- Springer Netherlands
- Additional Links
- Neoclassical economics
- Trojan horse
- Industry Sectors
- Dennis Badeen (1)
- Author Affiliations
- 1. York University, Toronto, ON, Canada