Skip to main content
Taylor & Francis Group Logo
    Advanced Search

    Click here to search products using title name,author name and keywords.

    • Login
    • Hi, User  
      • Your Account
      • Logout
      Advanced Search

      Click here to search products using title name,author name and keywords.

      Breadcrumbs Section. Click here to navigate to respective pages.

      Chapter

      Economics as Value-Laden Science
      loading

      Chapter

      Economics as Value-Laden Science

      DOI link for Economics as Value-Laden Science

      Economics as Value-Laden Science book

      Lessons From the Philosophy of Science on the Normative/Positive Distinctions and Rational Choice Theory

      Economics as Value-Laden Science

      DOI link for Economics as Value-Laden Science

      Economics as Value-Laden Science book

      Lessons From the Philosophy of Science on the Normative/Positive Distinctions and Rational Choice Theory
      ByMagdalena Małecka
      BookThe Positive and the Normative in Economic Thought

      Click here to navigate to parent product.

      Edition 1st Edition
      First Published 2022
      Imprint Routledge
      Pages 17
      eBook ISBN 9781003247289
      Share
      Share

      ABSTRACT

      The topic of values in economics has a long history. According to already established narratives, the view of economics as a value-free science was solidified by the neoclassical school that defined economics as a positive science free from any value judgements. However, some philosophers of economics and historians of economic thought teach us that debates about the role of value judgements in economics, as well as the division of economics into positive and normative branches, were much richer and more ambiguous than what the standard narrative might suggest. This chapter does not intend to contribute further to these debates. Instead, its aim is to draw readers’ attention to yet another take on values in economics that has become present in philosophy of economics. The chapter reviews current attempts to bring insights from philosophy of science on how to analyse values in science to economic methodology. First, it reflects on whether these insights shed new light on discussions about the positive and the normative in economics. Second, it shows that they allow us to approach theoretical discussions on so-called rational choice theory from a novel and illuminating angle. The chapter concludes by listing the main lessons that can be learnt from the vibrant debates on values in science in philosophy of science.

      T&F logoTaylor & Francis Group logo
      • Policies
        • Privacy Policy
        • Terms & Conditions
        • Cookie Policy
        • Privacy Policy
        • Terms & Conditions
        • Cookie Policy
      • Journals
        • Taylor & Francis Online
        • CogentOA
        • Taylor & Francis Online
        • CogentOA
      • Corporate
        • Taylor & Francis Group
        • Taylor & Francis Group
        • Taylor & Francis Group
        • Taylor & Francis Group
      • Help & Contact
        • Students/Researchers
        • Librarians/Institutions
        • Students/Researchers
        • Librarians/Institutions
      • Connect with us

      Connect with us

      Registered in England & Wales No. 3099067
      5 Howick Place | London | SW1P 1WG © 2022 Informa UK Limited