Value-free paradise is lost. Economists could learn from artists

Annales. Ethics in Economic Life 23 (4):7-33 (2020)
  Copy   BIBTEX


Despite the conclusions from the contemporary philosophy of science, many economists cherish the ideal of positive science. Therefore, value-free economics is still the central paradigm in economics. The first aim of the paper is to investigate economics' axiomatic assumptions from an epistemological perspective. The critical analysis of the literature shows that the positive-normative dichotomy is exaggerated. Moreover, value-free economics is based on normative foundations that have a negative impact on individuals and society. The paper's second aim is to show that economics' normativity is not a problem because the discussion concerning values is possible and unavoidable. In this context, Weber and other methodologists are investigated. The conclusion of the paper is that science can thrive without strict methodological rules thanks to institutional mechanisms. Therefore, economists could learn from artists who accept the world without absolute rules. This perspective opens the possibility for methodological pluralism and normative approaches.

Similar books and articles

The Oxford handbook of philosophy of economics.Harold Kincaid & Don Ross (eds.) - 2009 - New York: Oxford University Press.
Lakatosian Consolations for Economics.Alexander Rosenberg - 1986 - Economics and Philosophy 2 (1):127.
The Metaphysics of Microeconomics.Alex Rosenberg - 1995 - The Monist 78 (3):352-367.


Added to PP

237 (#68,248)

6 months
92 (#24,155)

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

Two Dogmas of Empiricism.Willard V. O. Quine - 1951 - Philosophical Review 60 (1):20–43.
The Logic of Scientific Discovery.Karl Popper - 1959 - Studia Logica 9:262-265.
Personal Knowledge: Towards a Post-Critical Philosophy.Michael Polanyi - 1958 - Chicago: University of Chicago Press. Edited by Mary Jo Nye.
The Logic of Scientific Discovery.K. Popper - 1959 - British Journal for the Philosophy of Science 10 (37):55-57.
The Structure of Science.Ernest Nagel - 1961 - Les Etudes Philosophiques 17 (2):275-275.

View all 50 references / Add more references