David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
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Journal of Economic Methodology 14 (3):371-393 (2007)
This paper endeavours to summarize a variety of arguments for a reconsideration of ends in Economics. The logical structure of the rationality of ends (practical rationality) differs from the one of means (instrumental rationality). The paper sets out to explain the differences between both rationalities and some of the implications of incorporating this new emphasis on ends, given that Economics adopts the means rationality. The emergence of the topics of incommensurability and incomparability of ends is presented and a possible way to tackle it is suggested. Finally, some implications for Economics are drawn. This article emphasizes the importance of incorporating practical rationality into economic analysis. The arguments of the paper are built on Aristotelian grounds.
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References found in this work BETA
Aristotle (2012). Nicomachean Ethics. Courier Dover Publications.
Irving M. Copi (2008). Introduction to Logic. Pearson/Prentice Hall.
John Broome (1991). Weighing Goods: Equality, Uncertainty and Time. Wiley-Blackwell.
A. Macintyre (1984). After Virtue. Tijdschrift Voor Filosofie 46 (1):169-171.
Elizabeth Anderson (1993). Value in Ethics and Economics. Harvard University Press.
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