Economic Analysis, Moral Philosophy, and Public Policy
By Gene Callahan
This article appeared in the Summer 2008 issue of The Independent Review
In Economic Analysis, Moral Philosophy, and Public Policy (2006), Daniel Hausman and Michael McPherson present a serious challenge to the prevailing belief that economists policy recommendations usually are or can be grounded solely in their scientific knowledge. Identifying the hidden moral assumptions that underlie purportedly value-free economic analysis, Hausman and McPherson contend, enables a more critical examination of those recommendations and, therefore, better policy choices.
Volume 13 Number 1