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Inverse View
It is not the case that Economic concepts like 'utility' and 'preference' are folk-psychological constructs that a completed physical science could systematically replace.
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Reasons For
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1.
Economic concepts serve normative and explanatory purposes at the macro level that neuroscientific reduction cannot replace without losing predictive power.
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2.
Preference and utility are relational and context-dependent properties that may not decompose to lower-level physics without fundamental information loss.
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3.
Even completed physics cannot explain why certain neural states matter economically without importing evaluative frameworks—it doesn't solve the explanatory gap.
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Reasons Against
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Reason against
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1.
Neuroscience increasingly explains decision-making via neural reward pathways, dopamine signaling, and brain states without referencing 'utility' or 'preference'.
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2.
Folk-psychological terms like 'utility' are multiply realizable and vague—physics needs precise, substrate-independent descriptions of actual physical mechanisms.
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3.
Historical precedent shows successful sciences replaced folk categories (phlogiston, vital spirits, demonic possession) with physical descriptions.
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