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Value-free paradise is lost. Economists could learn from artists

100%
Ostapiuk A.
Annales. Etyka w Życiu Gospodarczym
|
2020
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vol. 23
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issue 4
7-33
EN
Despite the conclusions from the contemporary philosophy of science, many economists cherish the ideal of positive science. Therefore, value-free economics is still the central paradigm in economics. The first aim of the paper is to investigate economics’ axiomatic assumptions from an epistemological perspective. The critical analysis of the literature shows that the positive-normative dichotomy is exaggerated. Moreover, value-free economics is based on normative foundations that have a negative impact on individuals and society. The paper’s second aim is to show that economics’ normativity is not a problem because the discussion concerning values is possible and unavoidable. In this context, Weber and other methodologists are investigated. The conclusion of the paper is that science can thrive without strict methodological rules thanks to institutional mechanisms. Therefore, economists could learn from artists who accept the world without absolute rules. This perspective opens the possibility for methodological pluralism and normative approaches.
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Droga ekonomii wolnej od wartościowania do epistemologicznej pychy. Użycie i nadużycie matematyki przez ekonomistów

63%
Ostapiuk A.
Zagadnienia Filozoficzne w Nauce
|
2019
|
issue 67
153-202
PL
The goal of the article is to substantiate that despite the criticism the paradigm in economics will not change because of the axiomatic assumptions of value-free economics. How these assumptions work is demonstrated on the example of Gary Becker’s economic approach which is analyzed from the perspective of scientific research programme (Lakatos). The author indicates hard core of economic approach (maximization of utility, instrumental rationality) and the protective belt which makes hard core immune from any criticism. This immunity leads economists to believe that they are objective scientists and, consequently, it results in epistemological hubris. Due to its tautological nature (and other problems), economic approach is considered to be a degenerative programme. This conclusion is extended on value-free economics. In spite of these problems, many economists still believe in positive economics and they dismiss normative approaches. It has a negative influence on people (well-being, choices over time). The conclusion of the article is that thanks to axiomatic assumptions economists do not have objective and ironclad methodology and they should accept normative values in their research.
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