RT Article
T1 Bernard Hodgson’s Trojan Horse Critique of Neoclassical Economics and the Second Phase of the Empiricist Level of Analysis
JF Journal of business ethics
VO 108
IS 1
SP 15
OP 25
A1 Badeen, Dennis
LA English
YR 2012
UL https://ixtheo.de/Record/1785644955
AB 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.
K1 Trojan Horse
K1 Atomism
K1 Organicism
K1 Neoclassical economics
K1 Rationality
K1 Ontology
DO 10.1007/s10551-011-1083-7