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  1. added 2019-02-01
    Yes, Virginia, There Are Values in Economics!John M. Lowe - 2002 - Ethics and Behavior 12 (3):277-278.
  2. added 2018-12-23
    The Social Cost of Carbon: Valuing Inequality, Risk, and Population for Climate Policy.Marc Fleurbaey, Maddalena Ferranna, Mark Budolfson, Francis Dennig, Kian Mintz-Woo, Robert Socolow, Dean Spears & Stéphane Zuber - 2019 - The Monist 102 (1):84-109.
    We analyze the role of ethical values in the determination of the social cost of carbon, arguing that the familiar debate about discounting is too narrow. Other ethical issues are equally important to computing the social cost of carbon, and we highlight inequality, risk, and population ethics. Although the usual approach, in the economics of cost-benefit analysis for climate policy, is confined to a utilitarian axiology, the methodology of the social cost of carbon is rather flexible and can be expanded (...)
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  3. added 2018-12-23
    Two Moral Arguments for a Global Social Cost of Carbon.Kian Mintz-Woo - 2018 - Ethics, Policy and Environment 21 (1):60-63.
    [Comment] Donald Trump’s executive order on energy limits the costs and benefits of carbon to domestic sources. The argument for this executive order is that carbon policies should not be singled out from other policies as globally inclusive. Two independent arguments are offered for adopting a global social cost of carbon. The first is based on reinforcing norms in the face of commons tragedies. The second is based on the limitations of consequentialist analyses. We can distinguish consequences for which probabilistic (...)
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  4. added 2018-07-06
    Which Values Should Be Built Into Economic Measures?S. Andrew Schroeder - forthcoming - Economics and Philosophy.
    Many economic measures are structured to reflect ethical values. I describe three attitudes towards this: maximalism, according to which we should aim to build all relevant values into measures; minimalism, according to which we should aim to keep values out of measures; and an intermediate view. I argue the intermediate view is likely correct, but existing versions are inadequate. In particular, economists have strong reason to structure measures to reflect fixed, as opposed to user-assessable, values. I conclude by arguing that, (...)
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  5. added 2018-06-13
    Markets and Desert.Daniel Attas - 2003 - In Daniel A. Bell (ed.), Forms of Justice: Critical perspectives on David Miller’s political philosophy. Oxford, UK: pp. 85-105.
    David Miller argues that the proper principle to govern distribution in the economy is a principle of desert and that markets (at their best) distribute to the participating agents rewards that are proportional to their respective contributions. This is explained by appeal to the notion of marginal productivity, and by the theory that perfect competition results in a distribution according to marginal contribution. Marginal product in this sense is taken to be a measure of the producer's contribution to the consumer's (...)
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  6. added 2018-05-30
    Trade-Offs Between Epistemic and Moral Values in Evidence-Based Policy.Donal Khosrowi - 2016 - Economics and Philosophy.
    Proponents of evidence-based policy (EBP) call for public policy to be informed by high-quality evidence from randomized controlled trials. This methodological preference aims to promote several epistemic values, e.g. rigor, unbiasedness, precision, and the ability to obtain causal conclusions. I argue that there is a trade-off between these epistemic values and several non-epistemic, moral and political values. This is because the evidence afforded by preferred EBP methods is differentially useful for pursuing different moral and political values. I expand on how (...)
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  7. added 2018-04-09
    Les origines de la distinction entre positif et normatif en économie.Philippe Mongin - forthcoming - Revue Philosophique De Louvain 117.
    Abstract: Economists are accustomed to distinguishing between a positive and a normative component of their work, a distinction that is peculiar to their field, having no exact counterpart in the other social sciences. The distinction has substantially changed over time, and the different ways of understanding it today are reflective of its history. Our objective is to trace the origins and initial forms of the distinction, from the English classical political economy of the first half of the 19th century to (...)
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  8. added 2018-04-02
    La critique de l'économie politique dans les Grundrisse de Karl Marx.Philippe Mongin - 1978 - Dissertation, Ecole des Hautes Etudes En Sciences Sociales
    This doctoral thesis was prepared in 1975-77 at Ecole des Hautes Etudes en Sciences Sociales, Paris, under the supervision of Prof. Raymond ARON. It was submitted in 1977 in fulfilment of the requirements for a Ph.D. degree in Social Sciences (Doctorat de 3e cycle en sciences sociales). The oral examination (soutenance de thèse) was held in January 1978, with the examination committee consisting of Prof. Aron, Bartoli, Boudon and Brochier. This 250 page unpublished dissertation was the first study ever written (...)
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  9. added 2018-03-05
    Is Consistency Overrated?S. Andrew Schroeder - 2018 - Journal of Medical Ethics 44 (3):199-200.
    In their insightful article, ‘The Disvalue of Death in the Global Burden of Disease’, Solberg et al argue that there is a potential incoherence in the way disability-adjusted life years are calculated. Morbidity is measured in years lived with disability in a way quite unlike the way mortality is measured in years of life lost. This potentially renders them incommensurable, like apples and oranges, and makes their aggregate—DALYs—conceptually unsound. The authors say that it is ‘vital’ to address this problem, that (...)
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  10. added 2018-02-22
    Trust, Trade, and Moral Progress.Jonny Anomaly - 2017 - Social Philosophy and Policy 34 (2):89-107.
  11. added 2018-02-17
    Globalization and the Conceptual Effects of Boundaries Between Western Political Philosophy and Economic Theory: The Case of Publicly Supported Child Care for Working Mothers.Lynda Lange - 2009 - Social Philosophy Today 25:31-45.
    This paper analyzes the historical and cultural genealogy of the presumed separation between ethics and economic theory, taking publicly supported care for children of working mothers as a case that illuminates problems for thinking about gender justice that arise because of these disciplinary boundaries and the particular concept of “the human individual” that is implicit in them. Care for children of working mothers is an issue that has been important in the West since the inception of “second wave” feminism. However, (...)
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  12. added 2018-02-17
    Facts, Norms and Expected Utility Functions.Sophie Jallais, Pierre-Charles Pradier & David Teira - 2008 - History of the Human Sciences 21 (2):45-62.
    In this article we explore an argumentative pattern that provides a normative justification for expected utility functions grounded on empirical evidence, showing how it worked in three different episodes of their development. The argument claims that we should prudentially maximize our expected utility since this is the criterion effectively applied by those who are considered wisest in making risky choices (be it gamblers or businessmen). Yet, to justify the adoption of this rule, it should be proven that this is empirically (...)
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  13. added 2018-02-17
    Ethics, Efficiency and the Market.Allen Buchanan - 1985 - Rowman & Littlefield Publishers.
    This is a systematic evaluation of the main arguments for and against the market as an instrument of social organization, balancing efficiency and justice. It links the distinctive approaches of philosophy and economics to this evaluation.
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  14. added 2017-12-17
    The Fitting-Attitude Analysis of Value Relations and the Preferences Vs. Value Judgements Objection.Mauro Rossi - 2017 - Economics and Philosophy 33 (2):287-311.
  15. added 2017-12-17
    Value and Preference Relations: Are They Symmetric?Mauro Rossi - 2016 - Utilitas 28 (3):239-253.
    According to Wlodek Rabinowicz's fitting-attitude analysis of comparative value, it is possible to analyse both standard and non-standard value relations in terms of the standard preference relations and two levels of normativity. In a recent article, however, Johan Gustafsson has argued that Rabinowicz's analysis violates a principle of valuepreference symmetry or he cannot make conceptual room for multiple permissible preferences.
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  16. added 2017-11-13
    Elements of an Evolutionary Theory of Welfare: Assessing Welfare When Preferences Change.Martin Binder - 2010 - Routledge.
    It has always been an important task of economics to assess individual and social welfare. The traditional approach has assumed that the measuring rod for welfare is the satisfaction of the individual’s given and unchanging preferences, but recent work in behavioural economics has called this into question by pointing out the inconsistencies and context-dependencies of human behaviour. When preferences are no longer consistent, we have to ask whether a different measure for individual welfare can, and should, be found. This book (...)
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  17. added 2017-10-30
    “Book Review: Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era “. [REVIEW]Alexander C. Cartwright - 2016 - Libertarian Papers 8:329-335.
    Thomas C. Leonard presents an intellectual history of the Progressive Era from the perspective of economists. It is hard to understate the influence this group had in developing Progressive ideas. Leonard brilliantly details how Progressive economists wielded enormous influence not only in spreading ideas about traditional economic concepts, but also ideas and theories that influenced political and civil liberties. For example, the Progressives gave us the social science professor, the scholar-activist, social worker, muckraking journalist, and expert government advisor. All of (...)
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  18. added 2017-09-21
    The Morals of Moral Hazard: A Contracts Approach.McCaffrey Matthew - 2017 - Business Ethics: A European Review 26 (1):47-62.
    Although moral hazard is a well-known economic concept, there is a long-standing controversy over its moral implications. The language economists use to describe moral hazard is often value-laden, and implies moral judgments about the persons or actions of economic agents. This in turn leads some to question whether it is actually a scientific concept, or simply a convenient tool for criticizing certain public policies. At present, there is no consensus about the moral meaning of moral hazard, or about whether the (...)
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  19. added 2017-09-03
    The Ethical Underpinnings of Climate Economics.Adrian Walsh, Säde Hormio & Duncan Purves (eds.) - 2016 - Routledge.
    This book was born out of two interdisciplinary seminars held in 2014. The first one was the Climate Ethics and Climate Economics workshop in April adjoined as part of the European Consortium for Political Research Joint Sessions 2014 in Salamanca. Spurred on by the invigorating discussions, the participants decided to put together more workshops, with Ethical Underpinnings of Climate Economics following in Helsinki in November that same year. Without the organisers of these workshops the collaborators of this book would not (...)
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  20. added 2017-02-10
    What's Wrong with Libertarianism: A Meritocratic Diagnosis.Thomas Mulligan - 2017 - In Jason Brennan, David Schmidtz & Bas van der Vossen (eds.), The Routledge Handbook of Libertarianism. New York: Routledge. pp. 77-91.
    Some people may think that libertarianism and meritocracy have much in common; that the libertarian's ideal world looks like the meritocrat's ideal world; and that the public policies guiding us to each are one and the same. This is wrong in all respects. In this essay I explain why. -/- After providing an overview of meritocratic justice, I argue that meritocracy is a more compelling theory of distributive justice than libertarianism. Meritocracy better protects the core value of personal responsibility; incorporates (...)
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  21. added 2017-01-12
    Pure Time Preference in Intertemporal Welfare Economics.J. Paul Kelleher - 2017 - Economics and Philosophy 33 (3):441-473.
    Several areas of welfare economics seek to evaluate states of affairs as a function of interpersonally comparable individual utilities. The aim is to map each state of affairs onto a vector of individual utilities, and then to produce an ordering of these vectors that can be represented by a mathematical function assigning a real number to each. When this approach is used in intertemporal contexts, a central theoretical question concerns the evaluative weight to be applied to utility coming at different (...)
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  22. added 2016-12-08
    Beyond Homo Economicus: New Developments in Theories of Social Norms.Elizabeth Anderson - 2000 - Philosophy and Public Affairs 29 (2):170-200.
  23. added 2016-12-08
    Is Individual Choice Less Problematic Than Collective Choice?Gregory S. Kavka - 1991 - Economics and Philosophy 7 (2):143.
    It is commonplace to suppose that the theory of individual rational choice is considerably less problematic than the theory of collective rational choice. In particular, it is often assumed by philosophers, economists, and other social scientists that an individual's choices among outcomes accurately reflect that individual's underlying preferences or values. Further, it is now well known that if an individual's choices among outcomes satisfy certain plausible axioms of rationality or consistency, that individual's choice-behavior can be interpreted as maximizing expected utility (...)
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  24. added 2016-08-13
    Order Ethics: An Ethical Framework for the Social Market Economy.Christoph Luetge & Nikil Mukerji (eds.) - 2016 - Springer.
    This book examines the theoretical foundations of order ethics and discusses business ethics problems from an order ethics perspective. Order ethics focuses on the social order and the institutional environment in which individuals interact. It is a well-established paradigm in European business ethics. The book contains articles written by leading experts in the field and provides both a concise introduction to order ethics and short summary articles homing in on specific aspects of the order-ethical paradigm. It presents contributions describing fundamental (...)
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  25. added 2016-08-04
    Value Choices in Summary Measures of Population Health.S. Andrew Schroeder - 2017 - Public Health Ethics 10 (2):176-187.
    Summary measures of health, such as the quality-adjusted life year and disability-adjusted life year, have long been known to incorporate a number of value choices. In this paper, though, I show that the value choices in the construction of such measures extend far beyond what is generally recognized. In showing this, I hope both to improve the understanding of those measures by epidemiologists, health economists and policy-makers, and also to contribute to the general debate about the extent to which such (...)
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  26. added 2016-06-05
    Liberal Individualism and Reforms.Ihor Karivets' - 2016 - In Mykola Bunyk Antonina Kolodii (ed.), Liberalism,Postcommunism and Reforms. Ludwig von Mises and Contemporary Societies Studies. A Collection of Research Papers. pp. 160-167.
    In this article the author considers the essential connection between liberal individualism, reforms and initiativeness. The author shows that liberal individualism has nothing in common with robinsonade, egoism and narrow view upon the things. On the contrary, it sets free the initiativeness of people and makes them active in social, economic and civil spheres. Consequently, if Ukrainians want the decentralization in all the spheres of life, then it is necessarily to realize the ideas of classical liberalism: liberty, equality and justice. (...)
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  27. added 2016-05-16
    Umweltmanagement und Rationalität. Der Schatten von VW: Betrieblicher Umweltschutz auf dem Prüfstand.Kay Herrmann - 2017 - WiSt 4 (2017):47-49.
    Economic pressures, mounting environmental, security and health requirements, are all critical factors that shape economic action. With regard to environmental protection, an economic entity acting as homo oeconomicus finds himself in a situation resembling a prisoner’s dilemma. Signposts for a possible resolution of this dilemma include an environmental management system, a system of environmental law based on the principles of environmental ethics, and a new conception of human nature.
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  28. added 2016-03-11
    Transformable Goods and the Limits of What Money Can Buy.David G. Dick - 2017 - Moral Philosophy and Politics 4 (1):121-140.
    There are some things money literally cannot buy. Invariably transformable goods are such things because when they are exchanged for money, they become something else. These goods are destroyed rather than transferred in monetary exchanges. They mark out an impassable limit beyond which money and the market cannot reach. They cannot be for sale, in the strongest and most literal sense. Variably transformable goods are similar. They can be destroyed when offered or exchanged for money, but they differ in their (...)
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  29. added 2015-09-10
    Mark Blaug on the Normativity of Welfare Economics.D. Wade Hands - 2013 - Erasmus Journal for Philosophy and Economics 6 (3):1-25.
    Abstract: This paper examines Mark Blaug's position on the normative character of Paretian welfare economics: in general, and specifically with respect to his debate with Pieter Hennipman over this question during the 1990s. The paper also clarifies some of the confusions that emerged within the context of this debate, and closes by providing some additional arguments supporting Blaug's position that he himself did not provide.
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  30. added 2015-03-23
    Health, Disability, and Well-Being.S. Andrew Schroeder - 2016 - In Guy Fletcher (ed.), Routledge Handbook of Philosophy of Well-Being. Routledge.
    Much academic work (in philosophy, economics, law, etc.), as well as common sense, assumes that ill health reduces well-being. It is bad for a person to become sick, injured, disabled, etc. Empirical research, however, shows that people living with health problems report surprisingly high levels of well-being - in some cases as high as the self-reported well-being of healthy people. In this chapter, I explore the relationship between health and well-being. I argue that although we have good reason to believe (...)
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  31. added 2015-03-23
    Facts and Values in Modern Economics.Partha Dasgupta - 2009 - In Harold Kincaid & Don Ross (eds.), The Oxford Handbook of Philosophy of Economics. Oxford University Press. pp. 580--640.
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  32. added 2015-03-09
    Value Neutrality and the Ranking of Opportunity Sets.Michael Garnett - 2016 - Economics and Philosophy 32 (1):99-119.
    I defend the idea that a liberal commitment to value neutrality is best honoured by maintaining a pure cardinality component in our rankings of opportunity or liberty sets. I consider two challenges to this idea. The first holds that cardinality rankings are unnecessary for neutrality, because what is valuable about a set of liberties from a liberal point of view is not its size but rather its variety. The second holds that pure cardinality metrics are insufficient for neutrality, because liberties (...)
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  33. added 2014-12-17
    Über moralische Bemühungen um Leben.Andreas Dorschel - 1994 - Zeitschrift Für Didaktik der Philosophie Und Ethik 16 (4).
  34. added 2014-10-10
    Value Judgement. Improving Our Ethical Beliefs, James Griffin. Oxford University Press, 1996, 180 + Xii Pages.Peter Schaber - 1998 - Economics and Philosophy 14 (2):357.
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  35. added 2014-09-30
    The End of Value-Free Economics.Hilary Putnam & Vivian Charles Walsh (eds.) - 2011 - Routledge.
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  36. added 2014-09-30
    A Response to Dasgupta.Hilary Putnam & Vivian Walsh - 2007 - Economics and Philosophy 23 (3):359-364.
    The present note will be concerned only with Sir Partha Dasgupta's recent article in this journal (Dasgupta 2005). What is more, it will concentrate on those parts of the article which contain a serious misreading of Hilary Putnam's position on the entanglement of facts, theories and values. These philosophical matters can perhaps be clarified for economist readers (they should require no clarification for philosophers) by considering, to begin with, Dasgupta's interpretation of the Bergson–Samuelson position. What (Bergson) Burk (1938) and Samuelson (...)
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  37. added 2014-09-30
    Valuing Freedoms: Sen's Capability Approach and Poverty Reduction, Sabina Alkire. Oxford University Press, 2002, VII+340 Pages. [REVIEW]Ingrid Robeyns - 2003 - Economics and Philosophy 19 (2):371-377.
  38. added 2014-09-30
    Value-Ladenness in Economics: A Rejoinder to Davis.Eckehard F. Rosenbaum - 1996 - Journal of Economic Methodology 3 (1):127-130.
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  39. added 2014-09-30
    Value Based on Preferences.Wlodek Rabinowicz & Jan Österberg - 1996 - Economics and Philosophy 12 (1):1.
    What distinguishes preference utilitarianism from other utilitarian positions is the axiological component: the view concerning what is intrinsically valuable. According to PU, intrinsic value is based on preferences. Intrinsically valuable states are connected to our preferences being satisfied.
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  40. added 2014-09-25
    Incomparable Worth, Steven E. Rhoads. Cambridge: Cambridge University Press, 1993, 334 + Xi Pages.J. Donald Moon - 1994 - Economics and Philosophy 10 (1):133.
  41. added 2014-09-24
    Listening, Really Listening: A Response to Graafland, Binmore and Ferber onThe Bourgeois Virtues.Deirdre McCloskey - 2009 - Journal of Economic Methodology 16 (2):221-232.
  42. added 2014-09-18
    A Communitarian Utility Function and its Social and Economic Implications.Basant K. Kapur - 1999 - Economics and Philosophy 15 (1):43.
    The term ‘communitarianism’ is often identified with ‘altruism’: an individual is taken to be communitarian-minded if he or she is concerned with the well-being of others, and not only with his or her own well-being. While communitarianism may embrace altruism, it is most appositely viewed as having a broader connotation. Consider, for example, the puzzle of voting behaviour, discussed by Amitai Etzioni and many others ). Casting one's vote entails a cost, albeit usually a small one: however, if there are (...)
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  43. added 2014-09-16
    Introduction: Values and Justice.John B. Davis - 2012 - Journal of Economic Methodology 19 (2):99 - 99.
  44. added 2014-09-16
    The Financial Crisis and the Systemic Failure of the Economics Profession.Colander David - 2009 - Critical Review 21 (2):249-267.
    Economists not only failed to anticipate the financial crisis; they may have contributed to it—with risk and derivatives models that, through spurious precision and untested theoretical assumptions, encouraged policy makers and market participants to see more stability and risk sharing than was actually present. Moreover, once the crisis occurred, it was met with incomprehension by most economists because of models that, on the one hand, downplay the possibility that economic actors may exhibit highly interactive behavior; and, on the other, assume (...)
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  45. added 2014-09-16
    The Bourgeois Virtues: Ethics for an Age of Commerce. [REVIEW]J. J. Graafland - 2009 - Journal of Economic Methodology 16 (2):214-219.
  46. added 2014-09-16
    Price, Principle, and the Environment, Mark Sagoff. Cambridge University Press, 2004, X + 284 Pp. [REVIEW]Pat Devine - 2006 - Economics and Philosophy 22 (2):281.
  47. added 2014-09-15
    Pragmatism About Values and the Valuable: Commentary on 'A Pragmatic View on Values in Economics'.John J. Stuhr - 2003 - Journal of Economic Methodology 10 (2):213-221.
    This article explores the place of values in economic theory and practical decision-making and policy. I argue that Arjo Klamer's pragmatism does not sufficiently distinguish what is valued from what is valuable, and does not sufficiently attend to the experimental inquiry needed to move from the former to the latter. I outline a more robust pragmatism, explaining how it avoids: treating values in isolation from facts; rendering claims about values subjective; and, identifying what is preferred or chosen or valued with (...)
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  48. added 2014-09-15
    Why Did the Economist Cross the Road? The Hierarchical Logic of Ethical and Economic Reasoning.Andrew Yuengert - 2002 - Economics and Philosophy 18 (2):329-349.
    The debate over whether or not economics is value-free has focused on the fact-value distinction: “is” does not imply “ought.” This paper approaches the role of ethics in economics from a Thomistic perspective, focusing not on the content of economic analysis, but on the actions taken by economic researchers. Positive economics, when it satisfies Aristotle's definition of technique, enjoys a certain autonomy from ethics, an autonomy limited by a technique's dependence for guidance and justification on ethical reflection. The modern isolation (...)
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  49. added 2014-09-15
    Utility-Ideas and Terminology-Reply.J. Broome - 1991 - Economics and Philosophy 7 (2):285-287.
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  50. added 2014-09-15
    Comment on" Ideology and Analysis in Macroeconomics.Karl Brunner - 1985 - In Peter Koslowski (ed.), Economics and Philosophy. J.C.B. Mohr. pp. 208.
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