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Value Judgments and Value Neutrality in Economics

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Author Info
PHILIPPE MONGIN

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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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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0335.2006.00501.x
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Publisher 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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  1. Mongin, Philippe, 2006. "Normes et jugements de valeur en économie normative," Les Cahiers de Recherche 858, HEC Paris. [Downloadable!]
    Other versions:
  2. MONGIN, Philippe, 2006. "L'analytique et le synthétique en économie," Les Cahiers de Recherche 847, HEC Paris. [Downloadable!]
    Other versions:
  3. Resende, Marcelo / Zeidan, Rodrigo M., 2007. "Lionel Robbins: A Methodological Reappraisal," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  4. 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_v1, HAL. [Downloadable!]
  5. 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. [Downloadable!]
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This page was last updated on 2009-11-22.


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