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... pervasive, and many economists thought that they had to take a stand on value neutrality. Sen's (1970) memorable text on collective choice might be one of the latest references dealing with the problem of what it means for economists to make value judgments and to be neutral as between values. Outmo ...
... pervasive, and many economists thought that they had to take a stand on value neutrality. Sen's (1970) memorable text on collective choice might be one of the latest references dealing with the problem of what it means for economists to make value judgments and to be neutral as between values. Outmo ...
Economics - University of Sussex
... Economic issues surround us and impact on us in our daily lives, whether it is in our work or in our social activity, and studying Economics provides an insight and understanding into many of the important issues that govern not only our well-being as individuals but also the well-being of the econo ...
... Economic issues surround us and impact on us in our daily lives, whether it is in our work or in our social activity, and studying Economics provides an insight and understanding into many of the important issues that govern not only our well-being as individuals but also the well-being of the econo ...
The Imperialism of Economics Over Ethics
... Economics was, in its origin, integrally related to ethics. Sen reminds us of the contrast between the “non-ethical” feature of modern economics and its genesis as an offshoot of ethics.6 At the time of its inception, then, the language of economics was comprised of normative elements. Nevertheless, ...
... Economics was, in its origin, integrally related to ethics. Sen reminds us of the contrast between the “non-ethical” feature of modern economics and its genesis as an offshoot of ethics.6 At the time of its inception, then, the language of economics was comprised of normative elements. Nevertheless, ...
Document
... prominently expounded by Thorstein Veblen and has since been debated, interpreted, and advanced by many of his followers. In his seminal paper published in 1898, “Why Is Economics not an Evolutionary Science?” Veblen argued that while economics was not an evolutionary science at the time, it would b ...
... prominently expounded by Thorstein Veblen and has since been debated, interpreted, and advanced by many of his followers. In his seminal paper published in 1898, “Why Is Economics not an Evolutionary Science?” Veblen argued that while economics was not an evolutionary science at the time, it would b ...
What are we Teaching and why it Matters: A Survey of the Australian and New Zealand university macroeconomics curriculum in a post-GFC, ecologically stressed world
... Encouraged by the momentum on the issue, and the presence of ecological economists at INET, we have conducted a survey of economics university curricula in Australia, New Zealand and the United States. This paper reports on our preliminary findings, specifically in relation to introductory economic ...
... Encouraged by the momentum on the issue, and the presence of ecological economists at INET, we have conducted a survey of economics university curricula in Australia, New Zealand and the United States. This paper reports on our preliminary findings, specifically in relation to introductory economic ...
economics and philosophy: more than having fun and
... economic theory can be exported to shed an interesting light on phenomena that are traditionally covered by other disciplines (such as sociology, political theory and criminology). In economics we nowadays also see an opposing movement: insights are being imported from other disciplines. An increasi ...
... economic theory can be exported to shed an interesting light on phenomena that are traditionally covered by other disciplines (such as sociology, political theory and criminology). In economics we nowadays also see an opposing movement: insights are being imported from other disciplines. An increasi ...
Conversation or Monologue? On Advising Heterodox Economists
... Hence, the non-orthodox elements of the edge are only acceptable if, somehow, they are not too unorthodox. Rodrik, indeed, is a master of the art of showing the limitations of the orthodoxy, but staying within the limits of the tolerable for the mainstream. Take the title of his more recent book On ...
... Hence, the non-orthodox elements of the edge are only acceptable if, somehow, they are not too unorthodox. Rodrik, indeed, is a master of the art of showing the limitations of the orthodoxy, but staying within the limits of the tolerable for the mainstream. Take the title of his more recent book On ...
What Is Economics? - Hoover Institution
... action by giving greater control over resources to people who act rationally. When studying markets, it is usually safe to assume rational behavior is the rule rather than the exception because business owners and managers who do not act rationally tend to produce products consumers do not want at p ...
... action by giving greater control over resources to people who act rationally. When studying markets, it is usually safe to assume rational behavior is the rule rather than the exception because business owners and managers who do not act rationally tend to produce products consumers do not want at p ...
420 Presentation fall 2010 - What`s New?
... to me--students often do--'If you know so much about money, why are you teaching classes here? Why aren't you rich?' I answer them, "Well. I am rich.'" That same semester, I also took a class called "2oth Century Socialist Societies" with a Polish Communist who my friend liked to call the "Red Rabbi ...
... to me--students often do--'If you know so much about money, why are you teaching classes here? Why aren't you rich?' I answer them, "Well. I am rich.'" That same semester, I also took a class called "2oth Century Socialist Societies" with a Polish Communist who my friend liked to call the "Red Rabbi ...
Gendering International Political Economy CSGR
... addressing, in particular the issues arising from the unequal structural position of women and men in social and economic spheres. This kind of research has also opened up certain concepts, for example, production and the market to political scrutiny and demonstrated how these re-conceptualised elem ...
... addressing, in particular the issues arising from the unequal structural position of women and men in social and economic spheres. This kind of research has also opened up certain concepts, for example, production and the market to political scrutiny and demonstrated how these re-conceptualised elem ...
EconomicsToday-Chapter1
... Rhesus monkeys are willing to forgo 10% of their “income” of cherry juice to examine photos of leading and attractive members of their group. ...
... Rhesus monkeys are willing to forgo 10% of their “income” of cherry juice to examine photos of leading and attractive members of their group. ...
The Prosperity of Economies and the Poverty of Economics: Why
... cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never ...
... cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never ...
value freedom in economics.
... money; i.e., that the last dollar of income means much less to a rich man who has so many of them, than to a poor man who has so few. Unfortunately there is nothing in the science of economics that can justify such a redistribution since this comparison between rich and poor is implicit~ based on in ...
... money; i.e., that the last dollar of income means much less to a rich man who has so many of them, than to a poor man who has so few. Unfortunately there is nothing in the science of economics that can justify such a redistribution since this comparison between rich and poor is implicit~ based on in ...
Introduction to Economics
... Alternative Uses – These are the various choices or options available to individual or society in terms utilizing the available limited resources which cannot simultaneously meet all its needs. Thus, this calls for individuals or society to choose among the wants which to take care of now and which ...
... Alternative Uses – These are the various choices or options available to individual or society in terms utilizing the available limited resources which cannot simultaneously meet all its needs. Thus, this calls for individuals or society to choose among the wants which to take care of now and which ...
7/20/98 KUMF / KGPR T. M. Power Morality and Economic Choice
... long as limited resources prevent us from pursuing all those things that we think we have an ethical obligation to purse, choices are going to have to be made about how far to pursue each of those worthy objectives. In that setting, where feelings of ethical obligation motivate our actions to begin ...
... long as limited resources prevent us from pursuing all those things that we think we have an ethical obligation to purse, choices are going to have to be made about how far to pursue each of those worthy objectives. In that setting, where feelings of ethical obligation motivate our actions to begin ...
lc_econ_firstlecture
... about how the world is. • A normative statement is an assertion about how the world ought to be. • When economists make normative statements, they are acting more as policy advisors than scientists. ...
... about how the world is. • A normative statement is an assertion about how the world ought to be. • When economists make normative statements, they are acting more as policy advisors than scientists. ...
Feminist economics
Feminist economics is the critical study of economics including its methodology, epistemology, history and empirical research, attempting to overcome androcentric (male and patriarchal) biases. It focuses on topics of particular relevance to women, such as care work or occupational segregation (exclusion of women and minorities from certain fields); deficiencies of economic models, such as disregarding intra-household bargaining; new forms of data collection and measurement such as the Gender Empowerment Measure (GEM), and more gender-aware theories such as the capabilities approach. Feminist economics ultimately seeks to produce a more gender inclusive economics.Feminist economists call attention to the social constructions of traditional economics, questioning the extent to which it is positive and objective, and showing how its models and methods are biased towards masculine preferences. Since economics is traditionally focused on topics said to be ""culturally masculine"" such as autonomy, abstraction and logic, feminist economists call for the inclusion of more feminine topics such as family economics, connections, concreteness, and emotion, and show the problems caused by exclusion of those topics. Inclusion of such topics has helped create policies that have reduced gender, racial, and ethnic discrimination and inequity, satisfying normative goals central to all economics.Many scholars including Ester Boserup, Marianne Ferber, Julie A. Nelson, Marilyn Waring, Nancy Folbre, Diane Elson and Ailsa McKay have contributed to feminist economics. Waring's 1988 book If Women Counted is often regarded as the ""founding document"" of the discipline. By the 1990s feminist economics had become recognised as an established field within economics.