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May 2022 posts

New book: Grivaux and Badiei, The Positive and the Normative in Economic Thought

Positive and normativeBy Mark D. White

Coming out in June from Routledge is a new book titled The Positive and the Normative in Economic Thought, edited by Agnès Grivaux and Sina Badiei:

The book responds to the need for greater clarity regarding the relationship between descriptive, evaluative and prescriptive approaches within positive and normative economics. It also analyses the entanglement between evaluative and prescriptive perspectives within several theoretical frameworks in normative economics such as social choice theory, the capability approach, behavioural welfare economics and various theories of justice.

It provides a forum for discussion between various schools of economic thought and several theoretical frameworks on the relationship between the study of facts, norms and values, with particular emphasis on classical political economy, the Marxian school of economics, the Frankfurt School, the Austrian school, the Chicago school, rational choice theory, expected utility theory, behavioural economics, experimental economics, development economics, welfare economics, public economics, constitutional political economy, the capability approach and politico-economic theories of justice.

Given the scope of questions treated in this book, it will be of interest to economists, historians of economic thought, political philosophers and philosophers of science, especially those interested in the philosophy and epistemology of economics.

The table of contents is very promising:

"The Positive and the Normative in Economic Thought: A Historical-Analytic Appraisal" (Sina Badiei and Agnès Grivaux)
"The Positive-Normative Distinction in the Classical Economic Methodology" (Michel S. Zouboulakis)
"Descriptions, Prescriptions and Norms: The Tripartite Classification of Economics by John Neville Keynes" (Gilles Campagnolo)
"Normative Economics and Its Enemies: Marx, Mises and Friedman" (Sina Badiei)
"Economics as a Normative Discipline: Value Disentanglement in an 'Objective' Economics" (John B. Davis)
"Realism and Deliberation in Normative Economics: The Fruitful Intellectual Dialogue Between James Buchanan and John Rawls" (Nathanaël Colin-Jaeger, Malte Dold, and Alexandre Gascoin)
"Normative Economics and Public Reason: Who Are the Addressees?" (Cyril Hédoin)
"Reconciling Normative and Behavioural Economics: The Problem That Cannot Be Solved" (Guilhem Lecouteux)
"The Unacknowledged Normative Content of Randomised Control Trials in Economics and Its Dangers" (Seán Mfundza Muller)
"The Positive, the Normative and the Marxian Heritage in the Early Frankfurt School" (Agnès Grivaux)
"Economics as Value-Laden Science: Lessons From the Philosophy of Science on the Normative/Positive Distinctions and Rational Choice Theory" (Magdalena Małecka)
"The Positive, the Normative and the Ontology of Social Problems" (Jesús Zamora-Bonilla)

Postdoctoral Fellow in Economic and Environmental Ethics at University of Gothenburg

GothenburgBy Mark D. White

Thanks to Christian Munthe, we have a fantastic announcement for postdocs in economic and environmental ethics at the University of Gothenburg. From the posting:

The University of Gothenburg tackles society’s challenges with diverse knowledge. 56 000 students and 6 600 employees make the university a large and inspiring place to work and study. Strong research and attractive study programmes attract scientists and students from around the world. With new knowledge and new perspectives, the University contributes to a better future.

The University of Gothenburg is looking to hire one or more 2-year post docs in the intersection of economic and environmental ethics. Economic ethics is the application of moral or political philosophy to critical issues in business organizations or the economic system. Environmental ethics is the application of moral or political philosophy to critical issues in the relationship between humans and non-human environmental systems. The research area should be understood broadly so as to include subtopics like business ethics, the political philosophy of financial markets, ethics of commodification, ethics of climate change, ethics of biodiversity, environmental philosophy and the philosophy of (environmental) economics. Any applications related to these subfields are welcome.

Potential research questions in these fields include the following:

    • What moral duties, if any, do commercial firms have to mitigate climate change?
    • Do consumers have a duty to invest in sustainable firms?
    • Is sustainability an irreducible moral value?
    • Can environmental values (such as biodiversity) be expressed in monetary terms?
    • Do advantaged nations have duties to promote sustainability in vulnerable nations?
    • Is the state justified in coercing financial markets towards sustainability?

The post doc will join the Financial Ethics Research Group which consists of philosophers and economists dedicated to ethical and political issues raised by the financial system (in the broadest sense). More specifically, the post doc will be connected to the research program Sustainable Finance Lab, which is a collaboration between several Swedish universities that is funded by Vinnova, Sweden’s innovation agency. Additional funding is due to the University of Gothenburg, the Knut and Alice Wallenberg Foundation, the Marcus and Amalia Wallenberg Foundation, and the Swedish Foundation for Strategic Environmental Research (Mistra).

More details are available here.