INSOSCI

The Integration of Cross-Disciplinary Research in Neuroscience and Social Science

Our Project

INSOSCI – research on the foundations of theory integration between economics, psychology, and neuroscience Full Title: The Integration of Cross-Disciplinary Research in Neuroscience and Social Science – a Methodological Study on Economic Policies and the Neurosciences of Agency; funded by the European Commission with researchers at Witten/Herdecke University (Germany), Max-Weber-Kolleg Erfurt (Germany), University of Helsinki (Finland), University of Applied Sciences Brandenburg (Germany), University of Louvain-la-Neuve (Belgium), and University of Leuven (Belgium).

Our Vision

We want to clarify the methodological and philosophical foundations of a successful integration of economics, psychology, and the neurosciences, and we want to explore the implications of such an integration for policy making.

Our Mission

Economics is being revolutionized by newly emerging disciplines such as behavioural economics or neuroeconomics. This has also inspired new approaches to economic policy, e.g. ‘nudging’ citizens towards behaviour deemed to be in their best interest. However, at the same time these developments are being seriously criticised within established economics, often for good reasons. On closer scrutiny, methodological and philosophical issues loom large: What is a powerful economic explanation? How can economics be integrated with other sciences, such as psychology? Are there reliable empirical methods for testing hypotheses that are recognized across the various disciplines? And so forth.

There is great risk that well-intended public policies may do harm and fail if they are based on research that is methodologically flawed. Our project aims at deploying most advanced approaches in the philosophy of science in order to clear up these methodological debates and to develop a conceptual framework for integrating the neurosciences and economics, in particular. As a result, we hope to be able to draft conceptual maps of this complex territory that allow for identifying effective points and ways of policy interventions.

We are a team of philosophers, economists and neuroscientists from Belgium, Finland and Germany who work on three subprojects: financial markets and their regulation; consumer and welfare policies; free will and ethical implications. We actively pursue the cross-linkages across the sub-projects, such as conceptions of rationality of consumer behaviour in general and financial markets in particular, or the possible relevance of phenomena such as addiction across the different domains.

Recent Posts

Mechanisms never come alone

04.04.2018

In the new issue of the Journal of Economic Perspectives there is a paper that overviews and evaluates the literature that aims at explaining why so many people seem to leave money on the table. Well, as the famous joke about economists tells us, they might be hyperrational and just think that somebody would have […]

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The brain as a Darwinian compound of competing mechanisms

26.03.2018

My first publication related to the brain was an elaboration on Hayek’s Sensory Order in 1992. In this paper, I argued that Hayek’s argument closely resembles Edelman’s Neuronal Darwinism. If one can believe Wikipedia (entry: “Neural Darwinism”), I was the first economist who noticed this. Yet, Edelman himself recognized Hayek’s early contribution (there is a […]

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Events

07.05.18

open meetingWitten

7th-9th May 2018 (Mo-Wed)

11.02.19

final symposiumWitten

11th-13th February 2019 (Mo-Wed)

All Events
Universität Witten/Herdecke

Team Witten

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