1st Edition

Normative Economics in the History of Economic Thought Marx, Mises, Friedman and Popper

By Sina Badiei Copyright 2024
330 Pages
by Routledge

330 Pages
by Routledge

330 Pages
by Routledge

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... Read more

1. Introduction PART I. MARX’S NONNORMATIVE CRITIQUE OF CAPITALISM 2. Marx’s Concept of Value: The Value of Work or the Value of Working Time? 3. Marx’s Distinction between Productive and Unproductive Labor 4. The Transformation of Values into Production Prices 5. The Law of the Tendential Fall in the Rate of Profit 6. The Epistemological Foundations of Marx’s Theory PART II. MISES’S NONNORMATIVE DEFENCE OF LAISSEZ-FAIRE 7. The Apriorist Science of Human Action 8. Economics as a Branch of Praxeology 9. A Critical Evaluation of Mises’s Economic Theory and Apriorist Epistemology PART III. THE RELATIONSHIP BETWEEN POSITIVE AND NORMATIVE ECONOMICS IN FRIEDMAN 10. The Methodology of Positive Economics 11. Predictions and Freedom in Friedman’s Normative Thought PART IV. POSITIVE ECONOMICS AND NORMATIVE ECONOMICS IN POPPER 12. What Epistemology for Positive Social Science? 13. Toward a Popperian Normative Economics 14. Conclusion

Biography

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 Collège International de Philosophie in Paris, France.