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Values as consequences of transaction: commentary on 'Reconciling homo economicus and John Dewey's ethics'

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  • Frank Ryan

Abstract

Mark White hopes to incorporate John Dewey's appeal to deliberation in preference formation into the neoclassical model of choice. White finds affinities between Dewey and neoclassicism: both reject preordained goals, value consequences above motives, and promote 'scientific ethics.' I claim Dewey's actual theory of value and choice is more radically divergent, and may not simply be integrated with neoclassical model. Specifically, I claim: 1) White's interactional view of agents acting in an environment falls short of Dewey's transactional notion of their reciprocal determination within problem-solving activity; 2) beyond both preference and deliberation, the consequence of valuation activity is the final determinant of a good; 3) Dewey did not advocate relinquishing ethics to the natural and social sciences, but rather viewed moral behavior as the cultivation of a unique 'art.'

Suggested Citation

  • Frank Ryan, 2001. "Values as consequences of transaction: commentary on 'Reconciling homo economicus and John Dewey's ethics'," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(2), pages 245-257.
    • Handle: RePEc:taf:jecmet:v:10:y:2001:i:2:p:245-257
    DOI: 10.1080/1350178032000071101
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