Concept information
Preferred term
history of philosophy of economics
Definition
- The philosophy of economics, broadly understood as the philosophical reflection on economic matters, is almost as old as Western philosophy itself and dates back to the works of the ancient Greek thinkers Xenophon and Aristotle. More useful is a narrower understanding of the term as the systematic investigation of the nature and methods of the science of economics, which is contingent on the birth of economics (or political economy, as it was known then) as a discipline in the 18th century. [Source: Encyclopedia of Philosophy and the Social Sciences; Philosophy of Economics, History of]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/history_of_philosophy_of_economics
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