Philosophy of Economics Quiz
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Questions and Answers

What is the goal of a conceptual analysis in philosophy?

  • To apply concepts to real-world scenarios
  • To create new concepts
  • To test and revise principles to increase understanding (correct)
  • To dispute all existing principles

Why are thought-experiments used in testing principles in conceptual analysis?

  • To dispute the validity of concepts
  • To confuse philosophers
  • To invent new philosophical systems
  • To validate or invalidate principles (correct)

What must philosophers do when a thought-experiment contradicts a principle in a conceptual analysis?

  • Dispute the thought-experiment
  • Declare the concept invalid
  • Abandon philosophy
  • Revise the principle (correct)

Why is it said that philosophers 'hate to bite the bullet'?

<p>Because they dislike accepting counterexamples to principles (D)</p> Signup and view all the answers

Which field of philosophy specifically deals with questions about the nature of reality?

<p>Metaphysics (B)</p> Signup and view all the answers

In the context of philosophy, what does INJS stand for?

<p>INJS doesn't stand for any specific concept (D)</p> Signup and view all the answers

What is the primary role of intuitions in philosophical analysis?

<p>To provide data for philosophy (A)</p> Signup and view all the answers

Who wrote the influential paper 'Is Justified True Belief Knowledge?' that challenged traditional views on knowledge?

<p>Gettier, E (B)</p> Signup and view all the answers

Which branch of philosophy is concerned with defining what is right and wrong?

<p>Ethics (D)</p> Signup and view all the answers

In the context of philosophy, what does the branch of logic primarily deal with?

<p>Valid reasoning and argumentation (B)</p> Signup and view all the answers

Which work is described as a very broad and accessible textbook, covering various aspects of the Philosophy of Economics?

<p>Philosophy of Economics: a contemporary introduction by Reiss, J (D)</p> Signup and view all the answers

Which source offers a short and accessible reflection on the question 'What is Philosophy?'?

<p>The Activity of Philosophy by Stewart D, Blocker G, and Petrik J (C)</p> Signup and view all the answers

What does Metaphysics study?

<p>The nature of reality (D)</p> Signup and view all the answers

Epistemology focuses on:

<p>What can we know (D)</p> Signup and view all the answers

In philosophy, Ethics aims to address:

<p>How we should act (B)</p> Signup and view all the answers

What is the primary focus of Logic?

<p>Determining how we should reason (D)</p> Signup and view all the answers

Which branch of philosophy is considered less subject dependent than the others?

<p>Logic (C)</p> Signup and view all the answers

Which branch of philosophy investigates how we should act?

<p>Ethics (A)</p> Signup and view all the answers

Study Notes

Philosophy of Economics

  • The Philosophy of Economics asks questions about Economics in four branches: Metaphysical, Epistemological, Ethical, and Logical.

The Four Branches of Philosophy

  • Metaphysics: investigates the nature of reality
  • Epistemology: investigates what can be known
  • Ethics: investigates how to act
  • Logic: investigates how to reason

Applying the Four Branches to a Subject Matter

  • Metaphysics of X: investigates the nature of X
  • Epistemology of X: investigates what can be known about X
  • Ethics of X: investigates how to act in situations of X
  • Logic of X: investigates how to reason about X

Philosophy of X

  • The 20th century saw the development of 'Philosophy of X' for various subjects, including:
    • Logic
    • Mathematics
    • Science
    • Social Science
    • Physics
    • Chemistry
    • Biology
    • Archaeology
    • Art
    • Education
    • Sport
    • Medicine
    • Mind
    • Psychology
    • Perception
    • Action
    • Cognitive Science
    • Language
    • Linguistics
    • Information
    • Literature
    • Economics
    • Politics
    • Law

Philosophy of Economics

  • Focuses on conceptual analysis, which seeks to formulate, test, and revise principles for understanding Economics
  • Examines how Economics is conceptually intertwined with philosophy
  • Investigates foundational concepts and principles of Economics

Conceptual Analysis

  • A method to increase understanding of a subject by specifying principles that relate to other concepts
  • Involves testing principles through thought-experiments and revising or disputing counterexamples
  • Aims to achieve Ideal Normative Justification Conditions (INJS) for the subject

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Description

Explore Metaphysical, Epistemological, Ethical, and Logical questions related to Economics in this quiz. Dive into the Philosophy of Economics with ESPhil's Bachelor of Specific Discipline and Research Master in Philosophy & Economics programs. Learn more about Philosophy and Knowledge through recommended readings.

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