- 188 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Facts, Values and Objectivity in Economics
About this book
Is Economics an 'objective' or 'positive' science, independent of ethical and political positions? The financial crisis that began in 2007 gave rise to renewed doubts regarding the 'objectivity' of economics and brought into the public arena a debate that was previously confined to academia. A remarkable feature of the public debate on the value neutrality of economics since then was that it not only involved indictments of ideological biases in economic theory, but also the attribution of the crisis itself to the unethical orientation of economic agents, of economists acting as experts and of 'economic science' itself. The contributors to this volume believe that economists of all persuasions are once again compelled to probe the normative foundations of their discipline and give a public account of their doubts and conclusions.
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Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright
- Contents
- Notes on contributors
- Acknowledgements
- 1. Introduction: the issues at stake
- 2. Economics and moral sentiments: the case of moral hazard
- 3. The conflicting languages of economics and human rights
- 4. The meaning of objectivity: what can we learn from Robbins and Myrdal?
- 5. Values, objectivity and moral realism
- 6. The facts and values of experimental economics
- 7. The contribution of the sociology of quantification to a discussion of objectivity in economics
- 8. Embodied expectations: the somatic subject and the changing political economy of life and health
- 9. Deep contextualism and radical criticism: the argument for a division of labour in contemporary political theory
- 10. Practical reasoning in economic affairs: the Human Development Index as a case study
- Index