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From Approximate Value Neutrality to Real Value Relevance

Economics, Political Economy, and the Moral Ecology of the Market Order

Originally published in Faith and Economics

Political economy can aspire to be a value-relevant discipline only to the extent that the economics that undergirds it is practiced in as approximately a value-neutral manner as is humanly possible.

Political economy can aspire to be a value-relevant discipline only to the extent that the economics that undergirds it is practiced in as approximately a value-neutral manner as is humanly possible. Economics, so practiced, serves as a tool of social criticism, though never as a vehicle for policy advocacy, and in so doing plays the vital role of putting parameters on utopian aspirations.

Read the article at Faith and Economics.

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