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(0)Karl Mittermaier
Author
Publisher
Bristol University Press
Description
Available Open Access under CC-BY-NC-ND Made famous by the Enlightenment thinker Adam Smith, the concept of an 'invisible hand' might be taken to imply that a government that governs least governs the best, from the viewpoint of society. Here an invisible hand appears to represent unfettered market forces. Drawing from this much-contested notion, Mittermaier indicates why such a view represents only one side of the story and distinguishes between...
Author
Publisher
Bristol University Press
Description
EPUB and EPDF available Open Access under CC-BY-NC-ND licence. Economic theory relies heavily on the idea of rational action, but how are we to understand the empirical content of rational choice when we can only observe the outcome, not what goes into making the choice? With contributions from Alan Kirman and Rod O'Donnell, Karl Mittermaier's posthumously published work establishes a new conceptual framework that will enable economic theorists...
Author
Publisher
Bristol University Press
Pub. Date
2025.
Description
Available open access digitally under CC-BY-NC-ND licence. Following on from The Hand Behind the Invisible Hand and A Realist Philosophy of Economics, this new book drawn from Karl Mittermaier's writings examines the intricate relationship between economic theory and real-world economic experiences. Despite the centrality of subjectivism in both philosophy and economics, these fields have often overlooked each other's insights. Mittermaier challenges...