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Abstract Hypotheses and Historical Hypotheses and on Value Judgements in Economic Science

In: Luigi Einaudi: selected Economic Essays, Volume 2

Author

Listed:
  • Riccardo Faucci

    (University of Pisa)

  • Roberto Marchionatti

    (University of Turin)

Abstract

The author studies the differences between abstract hypotheses and uniformities and empirical-historical uniformities in the field of economic science, distinguishing those that are valid sub specie aeternitatis but within the limits of the premises that have been established, from those which cannot be extended, except with great caution, beyond the time and place considered. Do the models of the different types of state proposed by economists for the study of financial affairs belong to the category of abstract or historical tools of investigation? The concept of a state which, in pursuit of its own ends, focuses only on the individual or only the collective community, is logically incoherent. And finally, the economist’s decision to refrain from value judgements, which is legitimate if motivated by the scientific division of labour, but illogical from the perspective of the more general quest for truth.

Suggested Citation

  • Riccardo Faucci & Roberto Marchionatti, 2014. "Abstract Hypotheses and Historical Hypotheses and on Value Judgements in Economic Science," Palgrave Macmillan Books, in: Riccardo Faucci & Roberto Marchionatti (ed.), Luigi Einaudi: selected Economic Essays, Volume 2, chapter 1, pages 21-66, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34500-4_5
    DOI: 10.1057/9781137345004_5
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    Citations

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    Cited by:

    1. Paolo Silvestri, 2016. "Disputed (Disciplinary) Boundaries: Philosophy, Economics and Value Judgments," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 24(3), pages 187-221.
    2. Silvestri, Paolo, 2015. "Disputed (Disciplinary) Boundaries. Philosophy, Economics, Value Judgments," CESMEP Working Papers 201504, University of Turin.
    3. Christ Kevin, 2018. "A Measure of Judgments – Wilhelm Röpke’s Methodological Heresy," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 69(1), pages 35-50, July.

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