The moral dilemma of normative economics

Maria Sushentsova

Voprosy Ekonomiki, 2017, issue 3

Abstract: During the 20th century the cyclic transition in forming of the key categories of normative economics was observed: from objective to subjective explanation of personal utility, and again - toward more general objective criteria (capabilities). The article is devoted to socio-philisophical background of these processes. In our opinion, behind this conversion the dominance of ethical subjectivism or objectivism, respectively, the values of individual freedom or of well-being was hidden, that can be estimated externally (by an “impartial spectator”, legislation or public discussion).

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2017:id:288

DOI: 10.32609/0042-8736-2017-3-103-119

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