The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus

Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business (2020)
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The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better than no paradigm. Therefore, the author considers whether value-based economics with normative approaches such as economics of happiness, capability approach, libertarian paternalism, and the concept of multiple self can be the alternative paradigm for value-free economics. This book is essential reading to everyone interested in the current state of economics as a discipline



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Author's Profile

Aleksander Ostapiuk
Academy of Economics, Wroclaw

References found in this work

The Structure of Scientific Revolutions.Thomas Samuel Kuhn - 1962 - Chicago: University of Chicago Press. Edited by Otto Neurath.
Anarchy, State, and Utopia.Robert Nozick - 1974 - New York: Basic Books.
Reasons and Persons.Derek Parfit - 1984 - Oxford, GB: Oxford University Press.
Thinking, Fast and Slow.Daniel Kahneman - 2011 - New York: New York: Farrar, Straus and Giroux.

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