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Conclusion

In: Economics and Ethics

Author

Listed:
  • Amitava Krishna Dutt
  • Charles K. Wilber

Abstract

We have argued in this book that it is impossible to do economic analysis and conduct public policy by leaving out ethics. Efforts to purge ethics from economics by separating positive and normative economics and by appealing to the value neutrality thesis are unwarranted. Economists make explicit and implicit value judgments when they do what they call positive economic analysis in choosing what questions they examine and what assumptions they make in their analysis and their models. These questions cannot be swept aside by appealing to brute facts and to empirical testing.

Suggested Citation

  • Amitava Krishna Dutt & Charles K. Wilber, 2010. "Conclusion," Palgrave Macmillan Books, in: Economics and Ethics, chapter 12, pages 230-234, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27723-6_12
    DOI: 10.1057/9780230277236_12
    as

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