Peirce's Economic Model in the First Harvard Lecture on Pragmatism.

Economics is one of the disciplines of inquiry that interested C. S. Peirce throughout his life. As is well known, Peirce dabbled in mathematical economics in the 1870s. In 1903 Peirce offered one more instance of a mathematical economic model in his Harvard Lectures on Pragmatism. A model of the pr...

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Publicado en:Transactions of the Charles S. Peirce Society Vol. 50; no. 4; pp. 548 - 581
Autor principal: Wible, James R.
Formato: Artículo
Publicado: Indiana University Press Fall2014
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Acceso en línea:Ver este registro en EBSCOhost
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        au: Wible, James R.
        affil: University of New Hampshire,
      su:
        Peirce, Charles S. (Charles Sanders), 1839-1914
        Pragmatism
        Mathematical economics
        James, William, 1842-1910
        Probability theory
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        subj:
          Peirce, Charles S. (Charles Sanders), 1839-1914
          Pragmatism
          Mathematical economics
          James, William, 1842-1910
          Probability theory
      keyword:
        1903 Harvard Lectures
        Abduction
        Charles Peirce
        Insurance Firm
        Mathematical Economics
        Mathematics
        Minute Logic
        Pragmatic Maxim
        Probability
        William James
      ab: Economics is one of the disciplines of inquiry that interested C. S. Peirce throughout his life. As is well known, Peirce dabbled in mathematical economics in the 1870s. In 1903 Peirce offered one more instance of a mathematical economic model in his Harvard Lectures on Pragmatism. A model of the profit-maximizing insurance firm is found in the very first lecture where it is offered as his most elaborate example of the pragmatic maxim. Peirce's reasons for including a mathematical economic model of the insurance firm in this lecture have never been fully explored. The economic model also seems odd given that the audience mostly would have been students and faculty interested in psychology and philosophy. Here it will be argued that there are two main argumentative functions of the economic model. One is to underscore Peirce's more mathematical and non-psychological conception of pragmatism as compared to that of his benefactor and host, William James. The other is to illustrate a role for mathematical models that is consistent with his conception of pragmatism.
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