Overcoming Positivism In Economics: Amartya Sen'S Project Of Infusing Ethics Into Economics
AbstractLogical Positivism, which arose in philosophy early in the twentieth century, proclaimed the sharp distinction between facts and values. Despite objections at the time, positivism was imported into economics in the 1930s. Over time, objections lessened; economics was transformed and ethical considerations were driven out of its core. In the 1950s, debates about positivism arose within the discipline which had exported it. According to the American philosopher Hilary Putnam, the fact/value distinction is now discredited in philosophy. If that is so, the methodological foundations of contemporary economics are also discredited. In this article I examine Amartya Sen’s moral science of economics. First, I will present his historical account of the connections between economics and ethics. Sen claims that there was a close connection between the two until positivism was imported. Second, I will sketch some of Sen’s ethical objections to modern economics, which is still suffering from positivism. Finally, I will lay out some of his ideas on how economics can be returned to an ethical path. Once the ground has been cleared of positivism, ethics can re-emerge in economics in various ways. One path has been marked out by Sen.
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Bibliographic InfoPaper provided by Massey University, Department of Applied and International Economics in its series Discussion Papers with number 23702.
Date of creation: 2005
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"Ética y Justicia. Reflexiones a partir de The Idea of Justice de Amartya Sen
[Ethics and justice. Reflections on The Idea of Justice by Amartya Sen]," MPRA Paper 37458, University Library of Munich, Germany.
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