Controversy: Is Economics a Moral Science? A Response to Ricardo F. Crespo
Journal of Markets & Morality, October 1998, vol. 1, no. 2, pp.212-219
8 Pages Posted: 7 Dec 2015
Date Written: October 6, 1998
My contention is that political economy as a value-relevant discipline has a legitimate claim on our intellectual attention only to the degree that it is grounded in the value-neutral logic of economic analysis — an analysis that while it cannot determine ultimate values may nevertheless inform us of the consequences of alternative social and political arrangements established to serve those value.
Keywords: Political Economy, Value Freedom
JEL Classification: B41, B53
Suggested Citation: Suggested Citation