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It is not the case that The physical sciences do not provide all the cognitive and conceptual tools needed for economics
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Reasons For
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Reason for 1 of 2
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1.
Churchland's eliminative materialism holds that folk-level conceptual frameworks are replaceable by mature neuroscience and physics.
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2.
Economic concepts like 'utility' and 'preference' are folk-psychological constructs that a completed physical science could systematically replace.
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3.
If economic concepts reduce without remainder to physical descriptions, physical science already contains all tools needed for economic explanation.
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Reason for 2 of 2
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1.
Physical science provides the foundational causal vocabulary from which higher-level economic regularities derive their explanatory force.
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2.
If economic concepts lack independent causal powers beyond physical realization, they add no irreducible cognitive tools—only descriptive shorthand.
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Reasons Against
1 perspective
Reason against
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1.
All economic facts can be physically realized without requiring that physical science concepts exhaust the tools needed for economic inquiry
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2.
Economics operates at a realized level that is distinct from the physical substrate level
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