(Peter Boettke : Thinking about your unassuming but thought-provoking quip on th

(Peter Boettke : Thinking about your unassuming but thought-provoking quip on the importance of the P in PhD. Because I wrestle with this problem of the ‘need to reform philosophy’ that Locke set out to achieve in his era – and we must do again in ours. And, since what’s missing from philosophy is any notion of cost, I might go as far as saying that it’s absence of the insights of economics – even such things as the commensurability provided by money and prices – that have doomed the philosophical profession to empty verbalisms.

I OFTEN feel like mathematicians and economists could do with a better understanding of philosophy. But I ALWAYS feel like philosophers could do with a better understanding of economics. I can’t think of any of the insights I have produced that would have been possible without econ, and particularly micro econ, and most importantly Austrian econ. And while I have been critical of the abuse of Mises by Rothbard, I am increasingly concerned that no one seems to be taking mises half-solution to the great logical problem of our age, any further.

There is a terrible need for philosophy, and terrible need for its reformation. But I am pretty sure that the reason that terrible need exists, is the lack of accounting of costs, opportunities and incentives provided by economic philosophers. Philosophy is missing “demonstrated commensurability” across differences in perceptions, experiences, memories, judgements, knowledge, labor and advocacy, by different demands of different people, with different needs.)

(Sorry if this is out of line in some way but I have very few people to think out loud to on these matters.)

– Cheers

(edited. like everything I seem to write on an iphone needs to be. ) 🙂