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...
| Published in: | Philosophia reformata |
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| Main Author: | |
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Brill
[2019]
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| In: |
Philosophia reformata
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| IxTheo 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. |
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| ISSN: | 2352-8230 |
| Contains: | Enthalten in: Philosophia reformata
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| Persistent identifiers: | DOI: 10.1163/23528230-08402004 |