By A. Yuengert
In a different project, Andrew Yuengert explores and describes the bounds to the industrial version of the person, supplying an alternate account of human selection, to which fiscal types will be in comparison.
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Additional info for Approximating Prudence: Aristotelian Practical Wisdom and Economic Models of Choice
Example text
3). According to Aristotle, there is something in the nature of human reasoning about choice that cannot be captured in exact terms, quantitative or otherwise. This inexactness is due in large part to the fact that Aristotle takes reasons seriously as causes of action. In this sense, his assertion accords with the claim that economics cannot aspire to the sorts of progress characteristic of natural science: specific theories continuously sharpened by empirical testing (Rosenberg 1991). Appendix 2 expounds on this point.
3). According to Aristotle, there is something in the nature of human reasoning about choice that cannot be captured in exact terms, quantitative or otherwise. This inexactness is due in large part to the fact that Aristotle takes reasons seriously as causes of action. In this sense, his assertion accords with the claim that economics cannot aspire to the sorts of progress characteristic of natural science: specific theories continuously sharpened by empirical testing (Rosenberg 1991). Appendix 2 expounds on this point.
Practical wisdom is reasoning about what to do, or how to act. It is the fifth kind of reason, practical wisdom, that concerns us in this book, but its difference from the other kinds is crucial to understanding its nature. The five kinds of reason fall into two categories: the first three involve knowledge of things that could not be other than what they are. Theoretical knowledge is not simply of “what is”; it is of things that could not be otherwise. The last two kinds of knowledge are of variable things—of things that could be otherwise.