Facts, values, and objectivity in economics

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Title:

Author:

Caldas, José Castro, 1954-

ISBN:

9780415667128

9780203121658

Publication Information:

London ; New York : Routledge, 2012.

Physical Description:

xix, 187 p. ; 24 cm.

Series:

Routledge frontiers of political economy ; 156

Routledge frontiers of political economy ; 156.

General Note:

Includes index.

Contents:

Introduction: the issues at stake / José Castro Caldas and Vítor Neves -- Economics and moral sentiments : the case of moral hazard / Sheila Dow -- The conflicting languages of economics and human rights / Manuel Couret Branco -- The meaning of objectivity : what can we learn from Robbins and Myrdal? / José Castro Caldas and Vítor Neves -- Values, objectivity, and moral realism / Nuno Ornelas Martins -- The facts and values of experimental economics / Ana C. Santos -- The contribution of the sociology of quantification to a discussion of objectivity in economics / Laura Centemeri -- Embodied expectations : the somatic subject and the changing political economy of life and health / João Arriscado Nunes -- Deep contextualism and radical criticism : the argument for a division of labour in a contemporary political theory / Mathias Thaler -- Practical reasoning in economic affairs : the human development index as a case study / Ricardo Crespo.

Subject Term:

Economics.

Economics -- Moral and ethical aspects.

Political ethics.

Added Author:

Caldas, José Castro, 1954-

Neves, Vítor.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025557568	330 C145F 2012	1	Searching... Unknown

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Summary

Is Economics an 'objective' or 'positive' science, independent of ethical and political positions? The financial crisis that began in 2007 gave rise to renewed doubts regarding the 'objectivity' of economics and brought into the public arena a debate that was previously confined to academia. A remarkable feature of the public debate on the value neutrality of economics since then was that it not only involved indictments of ideological biases in economic theory, but also the attribution of the crisis itself to the unethical orientation of economic agents, of economists acting as experts and of 'economic science' itself. The contributors to this volume believe that economists of all persuasions are once again compelled to probe the normative foundations of their discipline and give a public account of their doubts and conclusions.