This book brings together key players in the current debate on positive and normative science and philosophy and value judgements in economics. Both editors have engaged in these debates throughout their careers from its early foundations; Putnam as a doctorial student of Hans Reichenbach at UCLA and Walsh a junior member of Lord Robbins’s department at the London School of Economics, both in the early 1950s.
This book collects recent contributions from Martha Nussbaum and Harvey Gram, as well as a new chapter from the editors.
Introduction 1. Smith after Sen Vivian Walsh 2. Sen after Putnam Vivian Walsh 3. For Ethics and Economics without the Dichotomies Hilary Putnam 4. Tragedy and Human Capabilities: A response to Vivian Walsh Martha Nussbaum 5. Openness versus Closedness in Classical and Neoclassical Economics Harvey Gram 6. Walsh on Sen after Putnam Amartya Sen 7. Facts, Theories, Values and Destitution in the Works of Sir Partha Dasgupta Hilary Putnam and Vivian Walsh 8. Freedom, Values and Sen: Towards a Morally Enriched Classical Economic Theory Vivian Walsh 9. Entanglement throughout Economic Science: The End of a Separate Welfare Economics Hilary Putnam and Vivian Walsh 10. The Fall of Two Dichotomies, and the Need for a Macro Theory of Capabilities Hilary Putnam and Vivian Walsh.