I, Roboticus Oeconomicus: the philosophy of mind in economics, and why it matters

Markey-Towler, Brendan (2017) I, Roboticus Oeconomicus: the philosophy of mind in economics, and why it matters. Cambridge Journal of Economics, 41 1: 203-237. doi:10.1093/cje/bew014


Author Markey-Towler, Brendan
Title I, Roboticus Oeconomicus: the philosophy of mind in economics, and why it matters
Formatted title
I, Roboticus Oeconomicus: the philosophy of mind in economics, and why it matters
Journal name Cambridge Journal of Economics   Check publisher's open access policy
ISSN 1464-3545
0309-166X
Publication date 2017-01-01
Year available 2016
Sub-type Article (original research)
DOI 10.1093/cje/bew014
Open Access Status Not yet assessed
Volume 41
Issue 1
Start page 203
End page 237
Total pages 35
Place of publication Oxford, United Kingdom
Publisher Oxford University Press
Collection year 2018
Language eng
Abstract In this essay I seek to introduce the philosophy of mind to economics, and investigate what presuppositions economists make vis-à-vis the philosophy of mind in their theorising with a focus on the model-based theoretical paradigms within economics. I argue that most economists adhere to what John Searle has termed an 'artificial intelligence' view of mental processes, to varying degrees of strength. I also argue that adherence, knowing or unknowing, to a particular philosophy of mind can have profound effects on the ontology of the economy, which is implied as a logical consequence of such philosophy, either binding us to a 'clockwork' view of the universe or to a non-deterministic one in which fundamental uncertainty exists.
Keyword Determinism
Economic behaviour
Economic theory
Philosophy of mind
Schools of economics
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: HERDC Pre-Audit
School of Economics Publications
 
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in Thomson Reuters Web of Science Article
Scopus Citation Count Cited 0 times in Scopus Article
Google Scholar Search Google Scholar
Created: Tue, 28 Mar 2017, 00:20:19 EST by Web Cron on behalf of Learning and Research Services (UQ Library)