On the problematic link between fundamental ethics and economic policy recommendations

Journal of Economic Methodology 5 (2):263-297 (1998)
Abstract
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)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,357
External links
  •   Try with proxy.
  • Through your library Configure
    References found in this work BETA

    No references found.

    Citations of this work BETA

    No citations found.

    Similar books and articles
    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.
    Tal Gilead (2012). Education and the Logic of Economic Progress. Journal of Philosophy of Education 46 (1):113-131.
    Analytics

    Monthly downloads

    Added to index

    2012-02-20

    Total downloads

    31 ( #47,399 of 1,088,426 )

    Recent downloads (6 months)

    27 ( #3,730 of 1,088,426 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.