Philosophy of Economics

The philosophy of economics, as part of the philosophy of science, is a field that dissects and explores economic theories and practices. It delves into the methods and principles used in economics. It seeks to understand how economic knowledge is produced, investigating the validity and reliability of economic theories, models, and predictions. It also tackles ethical considerations surrounding economic decision-making. Essentially, it's a deep examination of economics - its structures, principles, predictions, and moral consequences, probing how we should understand and apply economics responsibly.