Studies at the Intersection of Philosophy and Economics

 

Horacio Spector

Hume developed an original and revolutionary theoretical paradigm for explaining the spontaneous emergence of the classic conventions of justice-stable possession, transference of property by consent, and the obligation to fulfill promises. In a scenario of scarce external resources, Hume’s central idea is that the development of the rules of justice responds to a sense of common interest that progressively tames the destructiveness of natural self-love and expands the action of natural moral sentiments. By handling conceptual tools that anticipated game theory for centuries, Hume was able to break with rationalism, the natural law school, and Hobbes’s contractarianism. Unlike natural moral sentiments, the sense of justice is valuable and reaches full strength within a general plan or system of actions. However, unlike game theory, Hume does not assume that people have transparent access to the their own motivations and the inner structure of the social world. In contrast, he blends ideas such as cognitive delusion, learning by experience and coordination to construct a theory that still deserves careful discussion, even though it resists classification under contemporary headings.
Philosophers and legal theorists still disagree about the correct analysis of rights‘, both moral and legal. The Will Theory‘ and the Interest Theory‘–the two main views–can each account for various features of rights, but neither of them is totally satisfactory. The controversy has now been running for decades and seems irresolvable. I will contend in this paper that the discussion of value pluralism‘ in the Berlinian tradition can illuminate the debate over the concept of rights.

Journal Information

RMM is an interdisciplinary open access journal focusing on issues of rationality, market mechanisms, and the experimental method of reasoning into moral subjects. It provides a forum for dialogue between philosophy, economics, and related disciplines, encouraging critical reflection on the foundations and implications of economic processes.

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