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The moral dilemma of normative economics
https://doi.org/10.32609/0042-8736-2017-3-103-119
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).
Keywords
utility,
capabilities,
values,
freedom,
objectivism,
subjectivism,
ethics and economics,
normative economics
JEL: А12; А13; В21; В49; D60; D63; D69
About the Author
M. Sushentsova
National Research University Higher School of Economics; Lomonosov Moscow State University
Russian Federation
Russian Federation
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Review
For citations:
Sushentsova M. The moral dilemma of normative economics. Voprosy Ekonomiki. 2017;(3):103-119. (In Russ.) https://doi.org/10.32609/0042-8736-2017-3-103-119
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