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.
|Other Independent Review articles by Gene Callahan|
|Winter 2008/09||The Myth of the Rational Voter: Why Democracies Choose Bad Policies|
|Fall 2005||Oakeshott and Mises on Understanding Human Action|
|Fall 2005||Michael Oakeshott: An Introduction|
|[View All (5)]|