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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Autor principal:	Cheng Li
Formato:	article
Lenguaje:	DE EN FR
Publicado:	Editura ASE Bucuresti 2019
Materias:	rationality moral science value-neutral approach normative-positive distinction Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/4552907fd6324793aa2b383ca2d766b9
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id	oai:doaj.org-article:4552907fd6324793aa2b383ca2d766b9
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spelling	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)
institution	DOAJ
collection	DOAJ
language	DE EN FR
topic	rationality moral science value-neutral approach normative-positive distinction Economics as a science HB71-74
spellingShingle	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

Morality and value neutrality in economics: a dualist view

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