Amongst the many things science is useful for, explanation stands within the top. We use scientific knowledge to describe the world, to map it, to predict it, and to guide our actions thanks to the predictions about the consequences of our actions, but we also want science to provide us explanations, to help us understand […]
Psychologists and neurologists have been interested in the problem of free will since the beginning of their specialities, though the first clearly devised and relevant experiments on the topic were those of Libet and colleagues, in the early eighties. In this famous experiment, subjects who were before a clock, and whose brain electrical waves were […]
One of the most classical problems in philosophy is the existence and nature of free will. Though the growth of our scientific knowledge about the brain, and about the universe in general, is making the notion of ‘free will’ less and less tenable, it seems that the major difficulty becomes to reconcile this idea with […]
The most distinctive feature of modern economics is probably its reliance on the methodology of mathematical model building. The final aim of scientific model building is illuminating real phenomena; furthermore, models are basically logical arguments, whose main virtue is that they allow us to see very clearly what follows, and also what does not follow […]
I will end this survey of the main contributions to the economics of scientific knowledge (ESK) by discussing the works which attempt to offer a more or less systematic conception of the process of scientific discovery; in this entry, I will talk about ‘institutionalist’ theories, i.e., those that abstain from using mathematical models. The first […]
Traditionally, economics is not only about the optimisation of some magnitudes, be they utility, profits, wealth, or social welfare. Beyond the assumption that economic agents are rational beings who always try to make the best possible choice, there is the indisputable fact that the objects of economic research are social phenomena, that have to do […]
Israeli nurseries are particularly famous amongst economists (at least, amongst experimental economists). An already classical study shown that, following a ‘natural experiment’ in which some day-care centers opted for issuing a fine to parents for late children’s pickups, while other nurseries didn’t, not only helped to decrease (as expected) the frequency of late pickups, but […]
Another route that has been followed to apply economic thinking to scientific methodology has consisted into trying to define a specific (‘cognitive’, or ‘epistemic’) utility function which rational scientific research should maximise. This has been the strategy of what is usually called cognitive decision theory , which is basically an adaptation of the Bayesian theory […]
The first known application of modern economic techniques to solving epistemic problems in science was very explicit in describing the value of a scientific theory as the difference between ‘costs’ and ‘benefits’. I’m referring to Charles Sanders Peirce’s ‘Note of the Theory of the Economy of Research’, published in 1879, less than a decade after […]
The term ‘economics of scientific knowledge’ (ESK) was coined as a reaction to the field known from the seventies as ‘sociology of scientific knowledge’. The latter had been defined by the members of the so called ‘Strong Programme’ in contraposition to the classical notion of a ‘sociology of science’, having in mind a distinction between […]