Philosophy Q&A Essays

2381 Words 10 Pages
1. Essay 1: Are you someone who wonders if life’s practical side is only half of what makes life worth living? May 21, 2010 According to Bertrand Russell, the practical man is one who is primarily concerned with meeting immediate needs, doesn’t recognize the need for mental nourishment, and whose ideas are simply a product of the environment he lives in. In contrast, the philosophical man is primarily concerned with things of the mind, with finding and contemplating questions of much greater significance, whose views are formed intentionally after careful consideration. I feel like I am someone who wonders if life’s practical side is only half of what makes it worth living, but I often struggle to find a way to meaningfully explore a …show more content…
We study how price equilibrates supply and demand, how jobs are created, how goods are produced, etc. However, economics can also encompass more philosophical issues as well. How do we balance our own interests with what is fair and just to others? How can we be wise stewards of scarce resources?
The study of economics does a good job of identifying the difference between positive statements and normative statements, and there are economic schools of thought that have very strong normative views. Macroeconomics, or the study of economic systems as a whole, takes a particularly broad view of how people place value on scarce resources and find ways of meeting the greatest number of people’s needs. Macroeconomic theorists frequently involve elements of philosophy in their analysis. In many ways, I feel like economics can be thought of as an outward expression of inward philosophical views. You can learn a lot about what a society values by looking at how their economy functions.
The economic point of view is an improvement upon a purely practical point of view in that it recognizes more than just the here and now. It recognizes practical constraints, but it also acknowledges that there are deeper, more important aspects to life. It is formed much more deliberately and based more on reason. However, it diminishes the importance of things that may be important, but don’t provide measurable utility. This type of economic

Related Documents