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The «solitude of the reformist». Public policy and value judgments in the work of Federico Caffè


  • Paolo Ramazzotti

    () (Università di Macerata - Dipartimento di Economia e Diritto)


Caffè’s pursuit of a more humane society is strictly related to his view of the economy as a human construction within a more encompassing historical process. Based on this view, he conceives of economics as a policy-oriented social science where value judgments play a crucial role. They frame the questions that need to be answered in order to carry out purposeful change. They also structure the analysis, thus the way questions are answered. A commonly shared understanding of the economy is, therefore, unlikely. Although this would seem to undermine Caffè’s view that a «reasonable core» in economic thought exists, the paper – based on methodological premises that differ, to some extent, from those of Caffè – contends that disciplinary dialogue remains possible provided economists acknowledge the need to make their methodological value judgments explicit.

Suggested Citation

  • Paolo Ramazzotti, 2012. "The «solitude of the reformist». Public policy and value judgments in the work of Federico Caffè," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 20(1), pages 157-181.
  • Handle: RePEc:hid:journl:v:20:y:2012:1:10:p:157-181

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