PANEL 14- The Fact/Value Dichotomy in Economics
Convenor: Catarina Tello de Castro and Julian Reiss
All inquiries about the panel should be sent to [email protected] and [email protected].
Participants in this panel will include Julian Reiss.
Much of modern economics follows the scientific method to have a grip on human conduct so that useful predictions are possible. This way, economics as a discipline distanced itself from moral philosophy as it was firstly thought by Adam Smith. Nevertheless, this presumption of objectiveness has been accused of being very little objective, separating economics into normative and positive economics as well as originating the fact-value dichotomy. These distinctions are now being disputed by the proposal of an entanglement of both facts and values (Putnam, 2002; Dasgupta, 2005; Kincaid, Dupré, & Wylie, 2007; Reiss, 2008; Putnam & Walsh, 2011; Hausman, McPherson & Satz, 2017, et al.). As so, it is possible to think about ways of doing economics with moral, ethical or any other normative criteria.
This panel seeks to promote an interesting debate between researchers who share the interest on this topic and have relevant contributions to it. We welcome any submission from scholars or students (undergraduates included) on subjects such as value theory, normative economics, positive economics, economic transformations in contemporary times, rational choice and utility maximization, scientific method on economic theories, and others regarding the main areas and topics proposed.
If you want to apply, please submit an abstract, of 400-500 words along with five keywords, of your paper prepared for peer review by 17 April 2022. We will respond by 28 April 2022. All proposals must be submitted online through our website using the Abstract submission Form (please, click “Submit Abstract” and fill the form).
All inquiries about the panel should be sent to [email protected] and [email protected].
Participants in this panel will include Julian Reiss.
Much of modern economics follows the scientific method to have a grip on human conduct so that useful predictions are possible. This way, economics as a discipline distanced itself from moral philosophy as it was firstly thought by Adam Smith. Nevertheless, this presumption of objectiveness has been accused of being very little objective, separating economics into normative and positive economics as well as originating the fact-value dichotomy. These distinctions are now being disputed by the proposal of an entanglement of both facts and values (Putnam, 2002; Dasgupta, 2005; Kincaid, Dupré, & Wylie, 2007; Reiss, 2008; Putnam & Walsh, 2011; Hausman, McPherson & Satz, 2017, et al.). As so, it is possible to think about ways of doing economics with moral, ethical or any other normative criteria.
This panel seeks to promote an interesting debate between researchers who share the interest on this topic and have relevant contributions to it. We welcome any submission from scholars or students (undergraduates included) on subjects such as value theory, normative economics, positive economics, economic transformations in contemporary times, rational choice and utility maximization, scientific method on economic theories, and others regarding the main areas and topics proposed.
If you want to apply, please submit an abstract, of 400-500 words along with five keywords, of your paper prepared for peer review by 17 April 2022. We will respond by 28 April 2022. All proposals must be submitted online through our website using the Abstract submission Form (please, click “Submit Abstract” and fill the form).
