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Value judgments and value neutrality in economics

  • Mongin, Philippe

The paper analyzes economic evaluations by distinguishing evaluative statements from value judgments proper. Building on this basis, it compares four solutions to the value-neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate) and non-neutrality (the social sciences are value-impregnated), the paper settles the case between the weak neutrality thesis (common in welfare economics) and a novel, weak non-neutrality thesis that extends the realm of normative economics more widely than the other weak thesis does.

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File URL: http://mpra.ub.uni-muenchen.de/37751/1/MPRA_paper_37751.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 37751.

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Date of creation: 2005
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Handle: RePEc:pra:mprapa:37751
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  1. Erik Schokkaert, 1999. "M. Tout-le-monde est "post-welfariste". Opinions sur la justice redistributive," Revue Économique, Programme National Persée, vol. 50(4), pages 811-831.
  2. P. Mongin, 1999. "Normes et jugements de valeur en économie normative," THEMA Working Papers 99-20, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  3. Sen, Amartya, 1991. "Welfare, preference and freedom," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 15-29, October.
  4. Mongin, P & d'Aspremont, C, 1996. "Utility Theory and Ethics," Papers 9632, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
  5. P. Mongin, 2000. "Is there progress in normative economics ?," THEMA Working Papers 2000-37, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  6. Hausman, Daniel M., 2000. "Revealed preference, belief, and game theory," Economics and Philosophy, Cambridge University Press, vol. 16(01), pages 99-115, April.
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