This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.

Science is a dynamic process in which the assimilation of new phenomena, perspectives, and hypotheses into the scientific corpus takes place slowly. The apparent disunity of the sciences is the unavoidable consequence of this gradual integration process. Some thinkers label this dynamical circumstance a ‘crisis’. However, a retrospective view of the practical results of the scientific enterprise and of science itself, grants us a clear view of the unity of the human knowledge seeking enterprise. This book provides many arguments, case studies and examples in favor of the unity of science. These contributions touch upon various scientific perspectives and disciplines such as: Physics, Computer Science, Biology, Neuroscience, Cognitive Psychology, and Economics.

Scientists use concepts and principles that are partly specific for their subject matter, but they also share part of them with colleagues working in different fields. Compare the biological notion of a 'natural kind' with the general notion of 'confirmation' of a hypothesis by certain evidence. Or compare the physical principle of the 'conservation of energy' and the general principle of 'the unity of science'. Scientists agree that all such notions and principles aren't as crystal clear as one might wish. An important task of the philosophy of the special sciences, such as philosophy of physics, of biology and of economics, to mention only a few of the many flourishing examples, is the clarification of such subject specific concepts and principles. Similarly, an important task of 'general' philosophy of science is the clarification of concepts like 'confirmation' and principles like 'the unity of science'. It is evident that clarfication of concepts and principles only makes sense if one tries to do justice, as much as possible, to the actual use of these notions by scientists, without however following this use slavishly. That is, occasionally a philosopher may have good reasons for suggesting to scientists that they should deviate from a standard use. Frequently, this amounts to a plea for differentiation in order to stop debates at cross-purposes due to the conflation of different meanings. While the special volumes of the series of Handbooks of the Philosophy of Science address topics relative to a specific discipline, this general volume deals with focal issues of a general nature. After an editorial introduction about the dominant method of clarifying concepts and principles in philosophy of science, called explication, the first five chapters deal with the following subjects. Laws, theories, and research programs as units of empirical knowledge (Theo Kuipers), various past and contemporary perspectives on explanation (Stathis Psillos), the evaluation of theories in terms of their virtues (Ilkka Niiniluto), and the role of experiments in the natural sciences, notably physics and biology (Allan Franklin), and their role in the social sciences, notably economics (Wenceslao Gonzalez). In the subsequent three chapters there is even more attention to various positions and methods that philosophers of science and scientists may favor: ontological, epistemological, and methodological positions (James Ladyman), reduction, integration, and the unity of science as aims in the sciences and the humanities (William Bechtel and Andrew Hamilton), and logical, historical and computational approaches to the philosophy of science (Atocha Aliseda and Donald Gillies).The volume concludes with the much debated question of demarcating science from nonscience (Martin Mahner) and the rich European-American history of the philosophy of science in the 20th century (Friedrich Stadler). - Comprehensive coverage of the philosophy of science written by leading philosophers in this field - Clear style of writing for an interdisciplinary audience - No specific pre-knowledge required

On account of the impressive yield of empirical science since the dawn of modern era, theorists of human behavior have sought eagerly to adopt its methodology to explain and predict behavior in the same way that natural science does with respect to natural phenomena. Thus, the positivist principle endorsed the unity of science approach to both the natural and social worlds. Modern social science, in its specific forms of sociology, economics, and so on, confidently embraced the positivist principle. In a short period of time, political economy was transformed into economic science. The goal was to purge the social sciences of their supposedly evaluative content. In due course, the idea of objective scientific truth came to be questioned along with the positivist paradigm. Epistemological relativism à la Kuhn is to be credited with this intellectual shift. But this novel theoretical approach was more easily accommodated by epistemologists of science than scientists themselves. Scientists hardly questioned their methodologies of research and the cognitive field of successful theories. Similarly, in the social sciences, neoclassical economics remained dominant. The neoclassical motto was that economics as science answered only questions of efficiency, not evaluative questions of social justice. The Human Project and the Temptations of Science argues that the model of epistemological unity, at one time embracing positivism, at another time supporting epistemological relativism, is questionable. While empirical science does yield knowledge of the natural world, knowledge of the social world - the world of humans - is necessarily value-laden. Despite the quantitative veneer of neoclassical economics - the dominant paradigm in economics - economic analysis cannot avoid questions of value. The reason is that its foundational concepts, such as rationality and the maximization of expected utility, reflect the necessary value-oriented nature of human behavior. The question posed, then, by The Human Project and the Temptations of Science is what sort of optimal values should humans adopt.

Geert Reuten offers a systematic exposition of the capitalist system, showing that the capitalist economy and the capitalist state constitute a unity.