The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...) than no paradigm. Therefore, the author considers whether value-based economics with normative approaches such as economics of happiness, capability approach, libertarian paternalism, and the concept of multiple self can be the alternative paradigm for value-free economics. This book is essential reading to everyone interested in the current state of economics as a discipline. (shrink)

Karl Popper’s description of the open society in terms of respect, rather than mere tolerance, appears to be highly relevant today. Although he never explicitly addressed the issues of multiculturalism and valuepluralism in contemporary societies, Popper’s idea of respect provides an effective way to approach them. For, on the one hand, it may help to reframe current debates about multiculturalism in clearer terms. On the other, it provides a critical assessment of the widespread relativism that presents itself as a sort (...) of panacea of all theoretical and practical problems posed by the cohabitation of groups sharing different values and worldviews. On closer scrutiny, political relativism – just as its epistemological counterpart – is not only entirely inadequate but also dangerous for the very existence of the open society. A serious look at the present situation suggests, rather, the adoption of a principle of reciprocity that is consistent with Popper’s critical pluralism and might prove to be effective in addressing the problems faced by a multicultural society. (shrink)

1. Lies, Error and Confusion 2. Lies 3. The Demarcation of Science: Historical 4. The Demarcation of Science: Recent 5. Observed Regularities and Laws of Nature.