Thinking and Acting Outside the Neo-classical Economic Box: Reply to McMurtry
This paper responds to Professor John McMurtry, primarily to his critique (Journal of Business Ethics, Vol. 44, 2003) of my recent book, Economics as Moral Science (Springer-Verlag, 2001). Although agreeing with my attribution of a moral a priorism” to orthodox or neo-classical economics, McMurtry t...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2005
|
| In: |
Journal of business ethics
Year: 2005, Volume: 56, Issue: 3, Pages: 289-303 |
| Further subjects: | B
Neo-classical economics
B scientific rationality B moral values |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
| Summary: | This paper responds to Professor John McMurtry, primarily to his critique (Journal of Business Ethics, Vol. 44, 2003) of my recent book, Economics as Moral Science (Springer-Verlag, 2001). Although agreeing with my attribution of a moral a priorism” to orthodox or neo-classical economics, McMurtry takes issue with my “conversion thesis”, that ana priori, ethically committed theory can be transformed into a testable empirical science of actual behaviour through the application of institutional constraints to individual motivations. McMurtry views such a thesis as “logically possible but morally abhorrent”. In so doing, he ascribes a version of economic determinism to me which, he claims, leads me to mistakenly understand the neo-classical paradigm as circumscribing the “boundaries of reality itself” and thereby entrenching the life-destructive values presupposed by this paradigm. I reject such a reading of Economics as Moral Science and explain the manner in which it is inconsistent both with the theoretical substance and practical agenda of my work. I propose that the irreducible basis of disagreement remains one wherein I believe that a more radical reform of the capitalist market order is mandatory to establish more defensible moral ideals than does McMurtry. My reply closes by recommending a constitutional partitioning of material goods such that we may more securely act outside the ethical constraints of neo-classical theory |
|---|---|
| ISSN: | 1573-0697 |
| Contains: | Enthalten in: Journal of business ethics
|
| Persistent identifiers: | DOI: 10.1007/s10551-004-4648-x |