Dictionary of Arguments

Philosophical and Scientific Issues in Dispute

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The author or concept searched is found in the following 3 entries.
Disputed term/author/ism Author
Markets Smith Mause I 55f
Market/Adam Smith/SmithVsNeoclassicism/NeoclassicismVsSmith: Smith, as a representative of classical economic theory and its successors, the aspects of market processes, in particular the suitability of markets, were of great importance to contribute to the realisation of individual freedom or to promote the production of innovations. Also unthinkable for the classics would be the neoclassical view of money as a mere "veil" without real effects, since these were very well aware of the real economic consequences of monetary factors. NeoclassicismVsSmith: Neoclassical theory is about the ((s) at least theoretical) attainability of a market equilibrium.

EconSmith I
Adam Smith
The Theory of Moral Sentiments London 2010

EconSmithV I
Vernon L. Smith
Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018
Markets Surowiecki I 149
Markets/SurowieckiVsSmith, Vernon L. /Surowiecki: Smith's laboratory results (1) (See Markets/Smith, Vernon) do not apply to all markets, as they are often a) distorted in real terms, b) there are different markets, e. g. securities markets are structured differently and have to do with more volatile prices. Markets do not even compensate for differences in wealth. Neither Smith's nor Arrow's and Debreu's results indicate whether markets deliver optimal social outcomes.
I 150
However, Smith has shown that market participants - regardless of their level of education and information - can coordinate. They can reach mutually beneficial goals, even if they do not have a clear understanding of what these goals are and what measures are needed to achieve them.
I 314
Stock markets/Surowiecki: in the real economy there are no such phenomena as on the stock market: the price of a television set does not suddenly double overnight and collapses again a few months later.
1. Vernon L. Smith’ Studie über sein erstes Klassenzimmer-Experiment ist »An Experimental Study of Competitive Behavior«, Journal of Political Economy 70/1962, S.111-137. Viele der seither zu diesem Thema über die Jahre von ihm publizierten Aufsätze sind in zwei Bänden gesammelt: Smith, Papers in Experimental Economics (Cambridge University Press, Cambridge 1991); und Smith, Bargaining and Market Behavior (Cambridge University Press, Cambridge 2000).

Surowi I
James Surowiecki
Die Weisheit der Vielen: Warum Gruppen klüger sind als Einzelne und wie wir das kollektive Wissen für unser wirtschaftliches, soziales und politisches Handeln nutzen können München 2005

Political Economy Buchanan Mause I 59
New Political Economy/Buchanan: The term "economic imperialism" could also include the New Political Economy, whose most important representatives were James Buchanan (1919 - 2013), Anthony Downs (born 1930) and Gordon Tullock (1922 - 2014). The aim is to extend theoretical economic analyses to other areas of society and to the study of all human behaviour.
VsClassical Economy/VsSmith: economic and political aspects are not combined as in the classics
but political events are seen exclusively through the eyes of homo oeconomicus. (1)(2)

1. A. Downs, An economic theory of democracy. New York 1957 [dt. 1968: Ökonomische Theorie der Demokratie. Tübingen]
2. J. Buchanan, G. Tullock, The calculus of consent. Ann Arbor 1962.

EconBuchan I
James M. Buchanan
Politics as Public Choice Carmel, IN 2000

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

The author or concept searched is found in the following controversies.
Disputed term/author/ism Author Vs Author
Neutrality Black Vs Neutrality III 84
Neutrality/Science/BlackVsNeutrality/BlackVsValue freedom: if science is considered to be rational in the sense of neutral, it runs the risk of becoming inhuman. It must instead be regarded as a human action.
III 84
Neutrality/Robert L. Heilbroner: (sociologist, NY Times Magazine, 19 Jan 1975 p. 14f.): Brings an example by Adam Smith: Adam Smith: E.g. why would a person with a humanistic background, when facing the choice of seinding one million Chinese to death in order to save his little finger, let the Chinese live? (BlackVsSmith: Actually, why Chinese, why not Scots?) Heilbroner/Black: remains remarkably neutral! He believes that there is "no rational answer" to that! One cannot apply a logical calculus to it. BlackVsHeilbroner: Apparently, he did not read the very differentiated magazine in which he had the opportunity to publish carefully. Could anyone be in doubt about giving a human life for the salvation of a little finger?.

Black I
Max Black
"Meaning and Intention: An Examination of Grice’s Views", New Literary History 4, (1972-1973), pp. 257-279
Handlung, Kommunikation, Bedeutung, G. Meggle (Hg) Frankfurt/M 1979

Black II
M. Black
The Labyrinth of Language, New York/London 1978
German Edition:
Sprache. Eine Einführung in die Linguistik München 1973

Black III
M. Black
The Prevalence of Humbug Ithaca/London 1983

Black IV
Max Black
"The Semantic Definition of Truth", Analysis 8 (1948) pp. 49-63
Truth and Meaning, Paul Horwich Aldershot 1994