A concept of progress for normative economics

Philippe Mongin

Working Papers from HAL

Abstract: The paper discusses the sense in which the changes undergone by normative economics in the 20th century can be said to be progressive. A simple criterion is proposed to decide whether a sequence of normative theories is progressive. This criterion is put to use on the historical transition from the new welfare economics to social choice theory. The paper reconstructs this classic case, and eventually concludes that the latter theory was progressive compared with the former. It also briefly comments on the recent developments in normative economics and their connection with the previous two stages.

Keywords: Welfare economics; Social choice theory; Social welfare function; Progress; Normative economics; Arrow's theorem; Economie du bien-être; Théorie du choix social; Progrès; Economie normative; Fonction de bien-être social; Théorème d'Arrow; Welfarisme (search for similar items in EconPapers)
Date: 2005
Note: View the original document on HAL open archive server: https://hal.science/hal-00242961
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Journal Article: A CONCEPT OF PROGRESS FOR NORMATIVE ECONOMICS (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00242961

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