search query: @author Johansson-Stenman, O. / total: 5
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| Author: | Johansson-Stenman, O. |
| Title: | On the problematic link between fundamental ethics and economic policy recommendations |
| Journal: | Journal of Economic Methodology
1998 : DEC, VOL. 5:2, p. 263-298 |
| Index terms: | METHODOLOGY ETHICS ECONOMIC POLICY |
| Language: | eng |
| Abstract: | This paper provides a systematic survey of major simplifying assumptions that economists make, and often have to make, in order to obtain a useful theory for policy recommendations in practice. The aim is to consider the whole chain of assumptions with an emphasis on such simplifications that economists sometimes tend to ignore (at worst), or at best often tend not to take too seriously. The paper concludes that the link from fundamental ethics to economic policy recommendations is often very fragile, but this is neither a convincing argument for economists to ignore normative issues, nor a reason to pretend that policy recommendations can be derived without value judgments. |
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