Economic Normativity: The Case of the Budget Constraint
In contrast to the dominant way of thinking in economics, in which economics is seen as a positive or neutral science, this paper argues that economics is a discipline that has its own normativity. This economic normativity should be distinguished from what is usually considered as ethics, which nor...
Main Author: | |
---|---|
Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Brill
[2019]
|
In: |
Philosophia reformata
Year: 2019, Volume: 84, Issue: 2, Pages: 220-244 |
RelBib Classification: | KAJ Church history 1914-; recent history KDD Protestant Church NCC Social ethics NCE Business ethics VA Philosophy |
Further subjects: | B
Economics
B economic normativity B budget constraint B Stewardship B János Kornai B financial balance conditions B Reformational philosophy |
Online Access: |
Volltext (Resolving-System) Volltext (doi) |
Summary: | In contrast to the dominant way of thinking in economics, in which economics is seen as a positive or neutral science, this paper argues that economics is a discipline that has its own normativity. This economic normativity should be distinguished from what is usually considered as ethics, which normally has a broader scope (e.g., stewardship). This paper further argues that the budget constraint is a key source of economic normativity, although it is not the only source. Economic-theoretical and philosophical aspects are discussed, and consequences for economic life and policy are assessed. |
---|---|
ISSN: | 2352-8230 |
Contains: | Enthalten in: Philosophia reformata
|
Persistent identifiers: | DOI: 10.1163/23528230-08402004 |