The Making of the Economy

A Phenomenology of Economic Science

By (author) Till Düppe

Hardback - £94.00

Publication date:

24 October 2011

Length of book:

250 pages

Publisher

Lexington Books

ISBN-13: 9780739164198

How did modern man come to believe in the object of the economy? What hopes made us accept scientific authority about this illusive thing? What kinds of persons were attracted by objective knowledge in economic discourse? And how does this knowledge guide our economic life? The Making of the Economy tackles such questions surrounding the modern notion of the economy with a fresh look from phenomenological philosophy. In a historical narrative of economic discourses, Till Düppe shows that only due to the scientific culture of economics we speak of an economy. Economic science made the economy. Our economic experiences alone do not trigger an interest in the economy—which makes Husserl's case for the "forgetfulness of the life-world." Düppe's historical narrative focuses on the emergence of formal economic analysis out of a series of successive life-worlds, or concrete historical situations, an approach which generates a new substantive understanding of both the history of economics and the current discourse of crisis surrounding economics. The book will appeal to historians and philosophers of the social sciences, as well as scholars of history, philosophy, and economics.
In his illuminating and provocative book The Making of the Economy, Till Du¨ppe examines the economics profession, diagnoses a lack of confidence in its methods and declares the profession to be in crisis. ... I have only been able to give a sense of the sheer enormity of the ground covered by this highly engaging book: hermeneutics, prescientific economics, the scientific attitude of Gerard Debreu, economics imperialism and much besides. Du¨ppe has performed a valuable service in providing motivation for reflecting on how economists’ epistemic authority is actually used, and in providing a structure for organizing these reflections. His book vividly illustrates the benefits of bringing together history and philosophy to evaluate economics, an approach John Davis (2012) has persuasively argued economic methodologists should adopt. It encourages one to pose some hitherto-unasked questions: Would the end of economics restore meaning to our intellectual projects? Would this breakup make it more or less likely that opportunistic uses of epistemic authority would be successfully challenged? Put bluntly, would it liberate or oppress us?