Economists, value judgments, and climate change: A view from feminist economics
A number of recent discussions about ethical issues in climate change, as engaged in by economists, have focused on the value of the parameter representing the rate of time preference within models of optimal growth. This essay examines many economists' antipathy to serious discussion of ethical matters, and suggests that the avoidance of questions of intergenerational equity is related to another set of value judgments concerning the quality and objectivity of economic practice. Using insights from feminist philosophy of science and research on high reliability organizations, this essay argues that a more ethically transparent, real-world-oriented, and flexible economic practice would lead to more reliable and useful knowledge.
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- Stephen DeCanio, 2005. "Descriptive or Conceptual Models? Contributions of Economics to the Climate Policy Debate," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 5(4), pages 415-427, December.
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- Sandra Harding, 1995. "Can feminist thought make economics more objective?," Feminist Economics, Taylor & Francis Journals, vol. 1(1), pages 7-32.
- Richard B. Howarth, 2003. "Discounting and sustainability: towards reconciliation," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 6(1), pages 87-97.
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