David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Economic Methodology 5 (2):263-297 (1998)
This paper provides a systematic survey of major simplifying assumptions that economists make, and often have to make, in order to obtain a useful theory for policy recommendations in practice. The aim is to consider the whole chain of assumptions with an emphasis on such simplifications that economists sometimes tend to ignore (at worst), or at best often tend not to take very seriously. The paper concludes that the link from fundamental ethics to economic policy recommendations is often very fragile, but that this is neither a convincing argument for economists to ignore normative issues, nor a reason to pretend that policy recommendations can be derived without value judgements. In order to improve the link it is recommended that welfare economists sometimes move beyond reductionist individualism and learn more from other social sciences regarding preference formation, decision behaviour, and the creation of values, institutions and social norms.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Peter Singer (1993). Practical Ethics. Cambridge University Press.
Robert Nozick (1974). Anarchy, State and Utopia. Basic Books.
John Broome (1991). Weighing Goods: Equality, Uncertainty and Time. Wiley-Blackwell.
Milton Friedman (1953). Essays in Positive Economics. University of Chicago Press.
Citations of this work BETA
No citations found.
Similar books and articles
William Milberg (1996). The Rhetoric of Policy Relevance in International Economics. Journal of Economic Methodology 3 (2):237-259.
Sanya Carley (2011). Normative Dimensions of Sustainable Energy Policy. Ethics, Policy and Environment 14 (2):211 - 229.
J. C. Glass & W. Johnson (1988). Metaphysics, MSRP and Economics. British Journal for the Philosophy of Science 39 (3):313-329.
Tony Lawson (1997). Economics and Reality. Routledge.
Jason J. Washburn (2008). Encouraging Research Collaboration Through Ethical and Fair Authorship: A Model Policy. Ethics and Behavior 18 (1):44 – 58.
Joseph Rouse (1991). Policing Knowledge: Disembodied Policy for Embodied Knowledge. Inquiry 34 (3 & 4):353 – 364.
Daniel M. Hausman (2006). Economic Analysis, Moral Philosophy, and Public Policy. Cambridge University Press.
Diana C. Robertson (1993). Empiricism in Business Ethics: Suggested Research Directions. [REVIEW] Journal of Business Ethics 12 (8):585 - 599.
John Lodewijks (1994). Anthropologists and Economists: Conflict or Cooperation? Journal of Economic Methodology 1 (1):81-104.
Tal Gilead (2012). Education and the Logic of Economic Progress. Journal of Philosophy of Education 46 (1):113-131.
Robert Driskill (2012). Deconstructing the Argument for Free Trade: A Case Study of the Role of Economists in Policy Debates. Economics and Philosophy 28 (1):1-30.
Elisa Eiseman (2003). The National Bioethics Advisory Commission: Contributing to Public Policy. Rand.
Thomas Ponchie, What Framework of Rules is Required to Deliver Economic Policy Coordination Within the Economic and Monetary Union?
Thomas Mayer (2001). The Role of Ideology in Disagreements Among Economists: A Quantitative Analysis. Journal of Economic Methodology 8 (2):253-273.
Added to index2012-02-20
Total downloads95 ( #33,933 of 1,726,249 )
Recent downloads (6 months)1 ( #369,877 of 1,726,249 )
How can I increase my downloads?