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  1. A failure to communicate: the fact-value divide and the Putnam-Dasgupta debate.Huei-Chun Su & David Colander - 2013 - Erasmus Journal for Philosophy and Economics 6 (2):1.
    This paper considers the debate between economists and philosophers about the role of values in economic analysis by examining the recent debate between Hilary Putnam and Sir Partha Dasgupta. It argues that although there has been a failure to communicate there is much more agreement than it seems. If Dasgupta's work is seen as part of the methodological tradition expounded by John Stuart Mill and John Neville Keynes, economists and philosophers will have a better basis for understanding each other. Unlike (...)
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  • Beyond welfare economics: some methodological issues.Giuseppe Munda - 2016 - Journal of Economic Methodology 23 (2):185-202.
    When one wishes to formulate, evaluate and implement public policies, the existence of a plurality of social actors, with interest in the policy being assessed, generates a conflictual situation. How such a conflict should be dealt with? This paper defends the thesis articulated in the following points: Different metrics are linked to different objectives and values. To use only one measurement unit for incorporating a plurality of dimensions, objectives and values, implies reductionism necessarily. Point can be proven as a matter (...)
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  • The normative decision theory in economics: a philosophy of science perspective. The case of the expected utility theory.Magdalena Małecka - 2019 - Journal of Economic Methodology 27 (1):36-50.
    This article analyses how normative decision theory is understood by economists. The paradigmatic example of normative decision theory, discussed in the article, is the expected utility theory. It...
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  • Normative and positive theories of public finance: contrasting Musgrave and Buchanan.Maxime Desmarais-Tremblay - 2014 - Journal of Economic Methodology 21 (3):273-289.
    This paper assesses James M. Buchanan's claim of following a positive approach in stark contrast to the normative approach to public finance of Richard A. Musgrave. The goal of this paper is to shed light on the foundations of modern American public finance by analysing one aspect of the methodology of its two most prominent fathers. I show (1) that it is difficult to distinguish Musgrave's and Buchanan's theories of public goods along the positive/normative dividing line and (2) that Buchanan's (...)
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  • Making sense of economists' positive-normative distinction.David Colander & Huei-Chun Su - 2015 - Journal of Economic Methodology 22 (2):157-170.
    The goal of this article is to provide a slightly different spin on economists' use of the positive-normative distinction by providing some context for its use. The major difference is the following: philosophers and philosophically oriented economists, such as Hilary Putnam and John Davis, see the positive-normative distinction in economics as following from the logical positivist position, and they interpret comments made by economists as reflecting scientific methodological positions that have long since been repudiated by philosophers of science. This article (...)
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