The vanity of the economist: A comment on Peart and Levy's the "Vanity of the Philosopher"

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2008-07-01

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Abstract

In the Vanity of the Philosopher, Sandra Peart and David Levy reconsider "postclassical" economics from the vantage point of Adam Smith's "analytical" egalitarianism. Analytical egalitarianism is assumed, not proved; and Peart and Levy's criticisms of many 19th- and early 20th-century economists, as well as eugenics in general, depend on equivocating between analytical and substantive egalitarianism. They fail to provide a non-question-begging critique of eugenics. © 2008 American Journal of Economics and Sociology, Inc.

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Published Version (Please cite this version)

10.1111/j.1536-7150.2008.00581.x

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Hoover, KD (2008). The vanity of the economist: A comment on Peart and Levy's the "Vanity of the Philosopher". American Journal of Economics and Sociology, 67(3). pp. 445–453. 10.1111/j.1536-7150.2008.00581.x Retrieved from https://hdl.handle.net/10161/2039.

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Scholars@Duke

Hoover

Kevin Douglas Hoover

Professor of Economics

Professor Hoover's research interests include macroeconomics, monetary economics, the history of economics, and the philosophy and methodology of empirical economics. His recent work in economics has focused on the application of causal search methodologies for structural vector autoregression, the history of microfoundational programs in macroeconomics, and Roy Harrod's early work on dynamic macroeconomics. In philosophy, he has concentrated on issues related to causality, especially in economics, and on reductionism -- the philosophical counterpart to microfoundations. Recent publications include:

  • "Trygve Haavelmo's Experimental Methodology and Scenario Analysis in a Cointegrated Vector Autoregression" (Econometric Theory, 2015), 
  • "Reductionism in Economics:  Intentionality and Eschatological Justification in the Microfoundations of Macroeconomics" (Philosophy of Science 2015), 
  • "Mathematical Economics Comes to America:  Charles S. Peirce’s Engagement with Cournot’s Recherches sur les Principes Mathematiques de la Théorie des Richesses" (Journal of the History of Economic Thought, 2015), 
  • "The Genesis of Samuelson and Solow’s Price-Inflation Phillips Curve" (History of Economics Review, 2015), 
  • "Solow's Harrod: Transforming Cyclical Dynamics into a Model of Long-run Growth" (European Journal of the History of Economic Thought 2015), 
  • "In the Kingdom of Solovia:  The Rise of Growth Economics at MIT, 1956-1970" (History of Political Economy 2014), 
  • “Still Puzzling: Evaluating the Price Puzzle in an Empirically Identified Structural Vector Autoregression” (Empirical Economics, 2014),
  • "On the Reception of Haavelmo's Econometric Thought" (Journal of the History of Economic Thought, 2014) – winner of the History of Economics Society Best Paper Award in 2015.  

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