Morality and value neutrality in economics: a dualist view
This paper proposes a dualist view that economics exhibits the properties of both moral science and value-neutral approach, regardless of the normative-positive distinction. Our argumentation is derived from the understanding that, analytically, economics is a broadly-defined rational choice theory....
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Editura ASE Bucuresti
2019
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oai:doaj.org-article:4552907fd6324793aa2b383ca2d766b92021-12-02T05:43:27ZMorality and value neutrality in economics: a dualist view1843-22981844-8208https://doaj.org/article/4552907fd6324793aa2b383ca2d766b92019-05-01T00:00:00Z https://jpe.ro/pdf.php?id=8392 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208This paper proposes a dualist view that economics exhibits the properties of both moral science and value-neutral approach, regardless of the normative-positive distinction. Our argumentation is derived from the understanding that, analytically, economics is a broadly-defined rational choice theory. As implied by this claim, on the one hand, economics behaves as a moral science for two main reasons: all economic theories and policy discussions are necessarily based on moral premises about means-end considerations; economics as an analytical approach can be and has been applied to explanations of a wide range of moral phenomena. On the other hand, since economists — without being informed of some ethical presuppositions of higher order — cannot deal with the comparisons among different value criteria, their approach remains neutral regarding judgmental positions, which should be given a priori to make economic enquiries possible. Ultimately, by this view we reconcile morality with value neutrality in economics, without slicing the discipline into two distinctive branches.Cheng LiEditura ASE Bucurestiarticlerationalitymoral sciencevalue-neutral approachnormative-positive distinctionEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol XII, Iss 2, Pp 97-118 (2019) |
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rationality moral science value-neutral approach normative-positive distinction Economics as a science HB71-74 |
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rationality moral science value-neutral approach normative-positive distinction Economics as a science HB71-74 Cheng Li Morality and value neutrality in economics: a dualist view |
| description |
This paper proposes a dualist view that economics exhibits the properties of both moral science and value-neutral approach, regardless of the normative-positive distinction. Our argumentation is derived from the understanding that, analytically, economics is a broadly-defined rational choice theory. As implied by this claim, on the one hand, economics behaves as a moral science for two main reasons: all economic theories and policy discussions are necessarily based on moral premises about means-end considerations; economics as an analytical approach can be and has been applied to explanations of a wide range of moral phenomena. On the other hand, since economists — without being informed of some ethical presuppositions of higher order — cannot deal with the comparisons among different value criteria, their approach remains neutral regarding judgmental positions, which should be given a priori to make economic enquiries possible. Ultimately, by this view we reconcile morality with value neutrality in economics, without slicing the discipline into two distinctive branches. |
| format |
article |
| author |
Cheng Li |
| author_facet |
Cheng Li |
| author_sort |
Cheng Li |
| title |
Morality and value neutrality in economics: a dualist view |
| title_short |
Morality and value neutrality in economics: a dualist view |
| title_full |
Morality and value neutrality in economics: a dualist view |
| title_fullStr |
Morality and value neutrality in economics: a dualist view |
| title_full_unstemmed |
Morality and value neutrality in economics: a dualist view |
| title_sort |
morality and value neutrality in economics: a dualist view |
| publisher |
Editura ASE Bucuresti |
| publishDate |
2019 |
| url |
https://doaj.org/article/4552907fd6324793aa2b383ca2d766b9 |
| work_keys_str_mv |
AT chengli moralityandvalueneutralityineconomicsadualistview |
| _version_ |
1718400224364331008 |