Value-free economics’ road towar Value-free economics’ road towards epistemological hubris. The use and abuse of mathematics by economists

Philosophical Problems in Science 67:153-202 (2019)
  Copy   BIBTEX

Abstract

The goal of the article is to substantiate that despite the criticism the paradigm in economics will not change because of the axiomatic assumptions of value-free economics. How these assumptions work is demonstrated on the example of Gary Becker’s economic approach which is analyzed from the perspective of scientific research programme. The author indicates hard core of economic approach and the protective belt which makes hard core immune from any criticism. This immunity leads economists to believe that they are objective scientists and, consequently, it results in epistemological hubris. Due to its tautological nature, economic approach is considered to be a degenerative programme. This conclusion is extended on value-free economics. In spite of these problems, many economists still believe in positive economics and they dismiss normative approaches. It has a negative influence on people. The conclusion of the article is that thanks to axiomatic assumptions economists do not have objective and ironclad methodology and they should accept normative values in their research.

Links

PhilArchive

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

An Assessment of the Scientific Standing of Economics.Margaret Schabas - 1986 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1986:298 - 306.
The Metaphysics of Microeconomics.Alex Rosenberg - 1995 - The Monist 78 (3):352-367.
Filsafat Ekonomi Pancasila Mubyarto.Hastangka Hastangka - 2012 - Jurnal Filsafat 22 (1):31-50.
Lakatosian Consolations for Economics.Alexander Rosenberg - 1986 - Economics and Philosophy 2 (1):127.

Analytics

Added to PP
2020-06-08

Downloads
82 (#150,281)

6 months
14 (#69,589)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Aleksander Ostapiuk
Academy of Economics, Wroclaw

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references