Economic measurement and feminist economics: an Austrian approach

27 Pages Posted: 12 Oct 2021

See all articles by Vicente Moreno-Casas

Vicente Moreno-Casas

Rey Juan Carlos University

Luisa García Carrión

Universidad Rey Juan Carlos

Date Written: July 15, 2021

Abstract

In trying to construct a more humanistic economic science in which women’s contribution is duly acknowledged, feminist economics proposes quantitative methods to compute non-market activities in traditional or novel economic indicators. Additionally, feminist economists seek to refocus economists’ attention from material dimensions such as income to subjective categories such as well-being. For this purpose, the capability approach is introduced to widen the concept of well-being beyond materialistic, gendered conceptions. However, from a subjectivist Austrian viewpoint, it is erroneous to quantitatively measure non-market activities and subjective dimensions such as well-being or happiness. Moreover, the use of quantitative methods (including the capability approach) strengthens a gender dichotomy --rigor is associated with quantitative techniques, an androcentric bias--, leading feminist economics to a contradiction. It is more coherent to use a qualitative methodology, such as that provided by Austrian economics, to study and describe economic phenomena and so that the contribution of women can be more accurately highlighted.

Keywords: Austrian economics, feminist economics, economic indicators, methodology, subjectivism

JEL Classification: B53, B54

Suggested Citation

Moreno-Casas, Vicente and García Carrión, Luisa, Economic measurement and feminist economics: an Austrian approach (July 15, 2021). Available at SSRN: https://ssrn.com/abstract=3940668 or http://dx.doi.org/10.2139/ssrn.3940668

Vicente Moreno-Casas (Contact Author)

Rey Juan Carlos University ( email )

Luisa García Carrión

Universidad Rey Juan Carlos ( email )

Calle Tulipán, s/n
Madrid, Móstoles 28230
Spain

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