The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus

The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus

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The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better than no paradigm. Therefore, the author considers whether value-based economics with normative approaches such as economics of happiness, capability approach, libertarian paternalism, and the concept of multiple self can be the alternative paradigm for value-free economics. This book is essential reading to everyone interested in the current state of economics as a discipline.


Rok wydania2021
Liczba stron230
KategoriaInne
WydawcaWydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
ISBN-13978-83-7695-853-8
Numer wydania1
Język publikacjiangielski
Informacja o sprzedawcyePWN sp. z o.o.

Ciekawe propozycje

Spis treści

  Introduction    7
  1. The origins of value-free economics 17
    1.1. Introduction    17
    1.2. Pareto turn – economics and psychology    19
    1.3. Robbins and value-free economics    22
    1.4. Positive versus normative approach    27
    1.5. Conclusions    32
  2. Lakatosian perspective on Becker’s economic approach    34
    2.1. Introduction    34
    2.2. Becker’s economic approach as scientific research programme    38
    2.3. Becker’s methodology    41
    2.4. Problems with instrumental rationality and utility maximization    44
    2.5. Becker’s unsuccessful escape from tautology    52
    2.6. Conclusions    55
  3. Economics of happiness    59
    3.1. Introduction    59
    3.2. Subjective well-being    63
    3.3. The criticism of revealed preference theory    67
    3.4. Economics of happiness – general insights    77
    3.5. Objective well-being approaches    78
    3.6. Conclusions    87
  4. The conception of multiple self. Reason versus emotions    90
    4.1. Introduction    90
    4.2. Personal identity and economics    90
    4.3. The conception of multiple self    100
    4.4. The conception of multiple self over time    103
    4.5. Weakness of will    106
    4.6. Conclusions    111
  5. Philosophy of science and value-free economics    113
    5.1. Introduction    113
    5.2. Positivist methodology of economics    121
    5.3. Weber and value-free economics    126
    5.4. Consequentialism versus deontology    130
  6. The capability approach    137
    6.1. Introduction    137
    6.2. The criticism of neoclassical economics    137
    6.3. Functionings and capabilities    140
    6.4. Freedom as an intrinsic value    143
    6.5. Reason and autonomy    147
    6.6. The criticism of the capability approach    153
    6.7. Conclusions    157
  7. Libertarian paternalism. The discussion on freedom and well-being    159
    7.1. Introduction    159
    7.2. Psychological background    161
    7.3. Libertarian paternalism    163
      7.3.1. Introduction    163
      7.3.2. Choice architecture    164
      7.3.3. Default option versus freedom    168
      7.3.4. Some constraints on libertarian paternalism    170
    7.4. Libertarian paternalism in the light of capability approach    171
    7.5. The criticism of libertarian paternalism    172
      7.5.1. Introduction    172
      7.5.2. The concept of purified preferences. The problems with the inner agent    173
      7.5.3. Paternalism is not inevitable    183
      7.5.4. Libertarian paternalism does not provide freedom    186
    7.6. Conclusions    193
  
  Conclusions    195
  
  References    202
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