Philosophy of economy as a socio-cultural phenomenon of modernity

The proposed paper analyzes the scientific field known as the philosophy of economics. Emerging over a century ago, this philosophy has seen significant development since the late twentieth century, especially in the twenty-first century. 

This growth is connected to the increasing importance of its issues in modern society, where a dual understanding of economy and household management becomes crucial in shaping sociocultural ideology. Economics typically focuses on the activities of economic agents aimed at achieving pragmatic purposes — often quantified in monetary terms — while the economic paradigm considers human beings as entities realizing their creative and value potentials.

In the history of Russian and European social sciences, there have been valuable attempts to understand social and economic relations in the context of the dominant spiritual values within societies. In this regard, the theory of economic philosophy inherits key intellectual traditions that explore the meanings, purposes, and values of human creative activity. This paper aims to identify the modern characteristics of the development of economic philosophy, integrating its metaphysical and social dimensions.

The authors argue that today, the philosophy of economy functions not only as a scientific discipline but also as a sociocultural concept that influences the formation of contemporary social consciousness. This occurs amid the rising dominance of civilization values (in contrast to the cultural values) manifested in the confrontation between traditional sociocultural values and material-pragmatic priorities.

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