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| Author: | Blaug, M. |
| Title: | Pieter Hennipman on Paretian welfare economics: A comment |
| Journal: | Economist Leiden
1993 : VOL. 141:1, p. 127-129 |
| Index terms: | WELFARE ECONOMICS ETHICS FREE TRADE |
| Language: | eng |
| Abstract: | Hennipman /1992/ claims that Paretian welfare economics is part of positive economics. However, the Paretian criterion is normative because it is based on several value judgements and because positive welfare economics is an oxymoron. There is no such thing as positive welfare economics. Calling Paretian welfare economics positive economics suggests that ethics, morality , and philosophy has nothing to do with an economist's statements in favour of, for example, competition and free trade. Economics is a science and stands alone without assistance from these disciplines. Such arrogance has long kept economics divorced from sociology and politics. |
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