3 Answers

  1. Modern economics has been strongly influenced by various philosophical schools. Jeremy Bentham's Utilitarianism has left an important imprint. Utilitarianism presupposes the existence of a “utility”, that is, a certain measure of happiness/contentment. The economy is completely built on this idea and takes consumption and leisure as its basis. According to economics, all people want to consume more and work less. Many of Bentham's ideas, such as” More happiness for more people, ” have been cut off by the economy over the years, but the utility remains.

    Further, Descartes was strongly influenced, first by themes. that you can analyze the whole world on a coordinate system, which is what the economy does today-it tries to model the world mathematically.

    Of course, Adam Smith-the philosopher, the father of modern economics, popularized the “invisible hand”, came up with the theory of” absolute advantage”, explained the division of labor.

    Then there are Keynes, Ricardo, Marx, Friedman, Hayek. All of them are economists, but they wrote works on the verge of philosophy.

  2. Philosophy, in my opinion, is at the heart of any science. At least because of the existence of such a science as logic, which is part of philosophy. And logic, obviously, is the basis of any science, including economics. Understanding the true cause-and-effect relationships in economics as a social sphere and searching for them is what economics as a science does.

  3. I can be very wrong about this, so this answer is nothing more than an opinion.

    Economics is largely based on persuasion. You need to convince the buyer to buy, the manufacturer to make, but most importantly-you need to convince the employee to work. Impose the value of increased responsibility, promotion, and a certain form of work. All these are narrow areas of philosophy.

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