Normative economics in the history of economic thought : Marx, Mises, Friedman and Popper / Sina Badiei.

Abingdon, Oxon ; New York, NY : Routledge, 2024.

©2024

1 online resource (vi, 321 pages).

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Description based on online resource; title from digital title page (viewed on July 02, 2024).

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Sina Badiei is Junior Lecturer and Senior SNSF Researcher at the Walras-Pareto Center of the University of Lausanne, Switzerland, and Program Director in the Philosophy and Human Science Department at the Collg̈e International de Philosophie in Paris, France.

"This book examines the role of normative economics in the writings of Karl Marx, Ludwig von Mises, Milton Friedman and Karl Popper. The book shows that while distinguishing positive from normative economics can be helpful, this distinction should not minimize the importance of normative economics or reject the possibility of offering objective evaluations of social phenomena and policies in normative economics. The book offers a critical assessment of the attempts by Marx, Mises and Friedman to reduce scientific economics to the positive analysis of social phenomena alone. Through a meticulous analysis of their work, the book shows that their positive theories fail to justify their evaluations of economic phenomena and policies. The book then draws on the writings of Popper to maintain that we should place normative economics at the center of economics. The book argues that normative economics can choose the norms underlying its evaluations of social situations and policies objectively and relies on some of Popper's ideas to offer some criteria that can facilitate the selection of these norms. The book will be of interest to economists, historians of economic thought, philosophers of economics and political theorists and philosophers"-- Provided by publisher.

Taylor & Francis. EBA 2024-2025.

Print version: Badiei, Sina. Normative economics in the history of economic thought Abingdon, Oxon ; New York, NY : Routledge, 2024

Books / Online

English

August 08, 2024

Includes bibliographical references and index.

Electronic books.