Value judgments and value neutrality in economics

Mongin, Philippe (2005): Value judgments and value neutrality in economics.

Abstract

The paper analyzes economic evaluations by distinguishing evaluative statements from value judgments proper. Building on this basis, it compares four solutions to the value-neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate) and non-neutrality (the social sciences are value-impregnated), the paper settles the case between the weak neutrality thesis (common in welfare economics) and a novel, weak non-neutrality thesis that extends the realm of normative economics more widely than the other weak thesis does.

• Item Type: MPRA Paper
• Language: English
• Keywords: Value Judgments, Value Neutrality, Positive-Normative Distinction, Welfare Economics, Robbins, Weber
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B20 - General; D - Microeconomics > D6 - Welfare Economics > D60 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology

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