Facts, Values and Objectivity in Economics

Facts, Values and Objectivity in Economics PDF Author: José Castro Caldas
Publisher: Routledge
ISBN: 1136328637
Category : Business & Economics
Languages : en
Pages : 260

Get Book

Book Description
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.

Facts, Values and Objectivity in Economics

Facts, Values and Objectivity in Economics PDF Author: José Castro Caldas
Publisher: Routledge
ISBN: 1136328637
Category : Business & Economics
Languages : en
Pages : 260

Get Book

Book Description
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.

Facts and Values

Facts and Values PDF Author: Giancarlo Marchetti
Publisher: Routledge
ISBN: 1317354672
Category : Philosophy
Languages : en
Pages : 440

Get Book

Book Description
This collection offers a synoptic view of current philosophical debates concerning the relationship between facts and values, bringing together a wide spectrum of contributors committed to testing the validity of this dichotomy, exploring alternatives, and assessing their implications. The assumption that facts and values inhabit distinct, unbridgeable conceptual and experiential domains has long dominated scientific and philosophical discourse, but this separation has been seriously called into question from a number of corners. The original essays here collected offer a diversity of responses to fact-value dichotomy, including contributions from Hilary Putnam and Ruth Anna Putnam who are rightly credited with revitalizing philosophical interest in this alleged opposition. Both they, and many of our contributors, are in agreement that the relationship between epistemic developments and evaluative attitudes cannot be framed as a conflict between descriptive and normative understanding. Each chapter demonstrates how and why contrapositions between science and ethics, between facts and values, and between objective and subjective are false dichotomies. Values cannot simply be separated from reason. Facts and Values will therefore prove essential reading for analytic and continental philosophers alike, for theorists of ethics and meta-ethics, and for philosophers of economics and law.

Science, Values, and Objectivity

Science, Values, and Objectivity PDF Author: Peter Machamer
Publisher: University of Pittsburgh Pre
ISBN: 0822970864
Category : Science
Languages : en
Pages : 327

Get Book

Book Description
Collection of essays that identify the values crucial to science, distinguish some of the criteria that can be used for value identification, and elaborate the conditions for warranting certain values as necessary or central to scientific research.

On Abstract and Historical Hypotheses and on Value Judgments in Economic Sciences

On Abstract and Historical Hypotheses and on Value Judgments in Economic Sciences PDF Author: Luigi Einaudi
Publisher: Routledge
ISBN: 1315457911
Category : Business & Economics
Languages : en
Pages : 318

Get Book

Book Description
Luigi Einaudi (1874-1961) was a leading liberal economist, economic historian and political figure. This book provides the English-speaking world with a first critical edition of Einaudi’s – hitherto unpublished – rewriting of one of his most unique and thoughtful essays. The relevance of this essay is crucial from several perspectives: history and methodology of economic thought, role of economics and its relation to other disciplines and to social values, role of economists in the public sphere, while also encompassing the discourse on man and the economist as a "whole man". The critical edition of On Abstract and Historical Hypotheses and on Value Judgments in Economic Sciences includes a comprehensive introduction and afterword. An extensive reappraisal of this newly discovered essay will help to cast light on Einaudi’s uniqueness and originality within and beyond the Italian tradition in public finance, thereby also illuminating his attempt to provide an epistemological account of his long lasting enquiry into the causes of good and bad polities. This book is of great interest to those who study economic theory and philosophy, as well as history of economic thought, public economics and legal and political philosophy.

Information Technology and Socialist Construction

Information Technology and Socialist Construction PDF Author: Daniel E. Saros
Publisher: Routledge
ISBN: 1317803191
Category : Business & Economics
Languages : en
Pages : 293

Get Book

Book Description
The failure of command central planning in the twentieth century has led to a general disillusionment within the socialist movement worldwide. Some alternatives to capitalism have been proposed since the end of the Cold War, but none has offered an alternative form of economic calculation. This book explains how modern information technology may be used to implement a new method of economic calculation that could bring an end to capitalism and make socialism possible. In this book, the author critically examines a number of socialist proposals that have been put forward since the end of the Cold War. It is shown that although these proposals have many merits, their inability effectively to incorporate the benefits of information technology into their models has limited their ability to solve the problem of socialist construction. The final section of the book proposes an entirely new model of socialist development, based on a "needs profile" that makes it possible to convert the needs of large numbers of people into data that can be used as a guide for resource allocation. This analysis makes it possible to rethink and carefully specify the conditions necessary for the abolition of capital and consequently the requirements for socialist revolution and, ultimately, communist society. Information Technology and Socialist Construction will be of interest to students and scholars of political economy, the history of economic thought, labour economics and industrial economics.

The Collapse of the Fact/Value Dichotomy and Other Essays

The Collapse of the Fact/Value Dichotomy and Other Essays PDF Author: Hilary Putnam
Publisher: Harvard University Press
ISBN: 0674013808
Category : Philosophy
Languages : en
Pages : 205

Get Book

Book Description
If philosophy has any business in the world, it is the clarification of our thinking and the clearing away of ideas that cloud the mind. In this book, one of the world's preeminent philosophers takes issue with an idea that has found an all-too-prominent place in popular culture and philosophical thought: the idea that while factual claims can be rationally established or refuted, claims about value are wholly subjective, not capable of being rationally argued for or against. Although it is on occasion important and useful to distinguish between factual claims and value judgments, the distinction becomes, Hilary Putnam argues, positively harmful when identified with a dichotomy between the objective and the purely "subjective." Putnam explores the arguments that led so much of the analytic philosophy of language, metaphysics, and epistemology to become openly hostile to the idea that talk of value and human flourishing can be right or wrong, rational or irrational; and by which, following philosophy, social sciences such as economics have fallen victim to the bankrupt metaphysics of Logical Positivism. Tracing the problem back to Hume's conception of a "matter of fact" as well as to Kant's distinction between "analytic" and "synthetic" judgments, Putnam identifies a path forward in the work of Amartya Sen. Lively, concise, and wise, his book prepares the way for a renewed mutual fruition of philosophy and the social sciences.

Value-Free Science

Value-Free Science PDF Author: Harold Kincaid
Publisher: Oxford University Press
ISBN: 0190294795
Category : Philosophy
Languages : en
Pages : 256

Get Book

Book Description
It has long been thought that science is our best hope for realizing objective knowledge, but that, to deliver on this promise, it must be value free. Things are not so simple, however, as recent work in science studies makes clear. The contributors to this volume investigate where and how values are involved in science, and examine the implications of this involvement for ideals of objectivity.

On Being a Scientist

On Being a Scientist PDF Author: National Academy of Engineering
Publisher: National Academies Press
ISBN: 9780309051965
Category : Social Science
Languages : en
Pages : 44

Get Book

Book Description
Since the first edition of On Being a Scientist was published in 1989, more than 200,000 copies have been distributed to graduate and undergraduate science students. Now this well-received booklet has been updated to incorporate the important developments in science ethics of the past 6 years and includes updated examples and material from the landmark volume Responsible Science (National Academy Press, 1992). The revision reflects feedback from readers of the original version. In response to graduate students' requests, it offers several case studies in science ethics that pose provocative and realistic scenarios of ethical dilemmas and issues. On Being a Scientist presents penetrating discussions of the social and historical context of science, the allocation of credit for discovery, the scientist's role in society, the issues revolving around publication, and many other aspects of scientific work. The booklet explores the inevitable conflicts that arise when the black and white areas of science meet the gray areas of human values and biases. Written in a conversational style, this booklet will be of great interest to students entering scientific research, their instructors and mentors, and anyone interested in the role of scientific discovery in society.

Democratic Frontiers

Democratic Frontiers PDF Author: Michael Filimowicz
Publisher: Routledge
ISBN: 1000575896
Category : Social Science
Languages : en
Pages : 124

Get Book

Book Description
Democratic Frontiers: Algorithms and Society focuses on digital platforms’ effects in societies with respect to key areas such as subjectivity and self-reflection, data and measurement for the common good, public health and accessible datasets, activism in social media and the import/export of AI technologies relative to regime type. Digital technologies develop at a much faster pace relative to our systems of governance which are supposed to embody democratic principles that are comparatively timeless, whether rooted in ancient Greek or Enlightenment ideas of freedom, autonomy and citizenship. Algorithms, computing millions of calculations per second, do not pause to reflect on their operations. Developments in the accumulation of vast private datasets that are used to train automated machine learning algorithms pose new challenges for upholding these values. Social media platforms, while the key driver of today’s information disorder, also afford new opportunities for organized social activism. The US and China, presumably at opposite ends of an ideological spectrum, are the main exporters of AI technology to both free and totalitarian societies. These are some of the important topics covered by this volume that examines the democratic stakes for societies with the rapid expansion of these technologies. Scholars and students from many backgrounds as well as policy makers, journalists and the general reading public will find a multidisciplinary approach to issues of democratic values and governance encompassing research from Sociology, Digital Humanities, New Media, Psychology, Communication, International Relations and Economics.

A Pragmatist Orientation for the Social Sciences in Climate Policy

A Pragmatist Orientation for the Social Sciences in Climate Policy PDF Author: Martin Kowarsch
Publisher: Springer
ISBN: 3319432818
Category : Law
Languages : en
Pages : 326

Get Book

Book Description
While economic and other social science expertise is indispensable for successful public policy-making regarding global climate change, social scientists face trade-offs between the scientific credibility, policy-relevance, and legitimacy of their policy advice. From a philosophical perspective, this book systematically addresses these trade-offs and other crucial challenges facing the integrated economic assessments of the Intergovernmental Panel on Climate Change (IPCC). Based on John Dewey’s pragmatist philosophy and an analysis of the value-laden nature and reliability of climate change economics, the book develops a refined science-policy model and specific guidelines for these assessments of climate policy options. The core idea is to scientifically explore the various practical implications of alternative climate policy pathways in an interdisciplinary manner, together with diverse stakeholders. This could facilitate an iterative, deliberative public learning process concerning disputed policy issues. This volume makes novel contributions to three strands of the literature: (1) the philosophy of (social) science in policy; (2) the philosophy of economics; and (3) debates about the design of scientific assessments, including the continuous IPCC reform debate. This work is thus interesting for philosophers and other scholars reflecting on the science-policy interface, but also for assessment practitioners, climate policy-makers, and economists. The science-policy approach developed in this volume has already influenced the recent socio-economic IPCC assessment.