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Value Judgments and Value Neutrality in Economics

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  • PHILIPPE MONGIN

Abstract

The paper analyses economic evaluations by distinguishing evaluative statements from actual value judgments. From 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. Copyright (c) The London School of Economics and Political Science 2006.

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Bibliographic Info

Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 73 (2006)
Issue (Month): 290 (05)
Pages: 257-286

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Handle: RePEc:bla:econom:v:73:y:2006:i:290:p:257-286

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References

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  1. MONGIN, Philippe & d'ASPREMONT, Claude, . "Utility theory and ethics," CORE Discussion Papers RP -1423, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Mongin, P., 1999. "Normes et jugements de valeur en economie normative," Papers 99-20, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
  3. P. Mongin, 2000. "Is there progress in normative economics ?," THEMA Working Papers 2000-37, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  4. Erik Schokkaert, 1999. "M. Tout-le-monde est "post-welfariste". Opinions sur la justice redistributive," Revue Économique, Programme National Persée, vol. 50(4), pages 811-831.
  5. Hausman, Daniel M., 2000. "Revealed preference, belief, and game theory," Economics and Philosophy, Cambridge University Press, vol. 16(01), pages 99-115, April.
  6. Sen, Amartya, 1991. "Welfare, preference and freedom," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 15-29, October.
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Cited by:
  1. Sophie Jallais & Pierre-Charles Pradier & David Teira, 2008. "Facts, Norms and Expected Utility Functions," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00274361, HAL.
  2. Sophie Jallais & Pierre-Charles Pradier & David Teira, 2008. "Facts, Norms and Expected Utility Functions," Post-Print halshs-00274361, HAL.
  3. MONGIN, Philippe, 2006. "L'analytique et le synthétique en économie," Les Cahiers de Recherche 847, HEC Paris.
  4. P. Mongin, 1999. "Normes et jugements de valeur en économie normative," THEMA Working Papers 99-20, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  5. Marcelo Resende & Rodrigo M. Zeidan, 2007. "Lionel Robbins: A Methodological Reappraisal," CESifo Working Paper Series 2165, CESifo Group Munich.
  6. Mongin, Philippe, 2007. "Une étude d'histoire militaire instruite par la Théorie des jeux et quelques amplifications Méthodologiques," Les Cahiers de Recherche 866, HEC Paris.
  7. Antoinette Baujard, 2013. "Value judgments and economics expertise," Working Papers halshs-00803552, HAL.

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