The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological).
- Special attention is paid to choices over time, because in this area value-free economics has the most problems.
- In that context, the enriched concept of multiple self is proposed and investigated.
- However, it is not enough to present the criticisms towards value-free economics.
- For scientists, a bad paradigm is better than no paradigm.
- This book is essential reading to everyone interested in the current state of economics as a discipline.
Therefore, the author considers whether value-based economics with normative approaches such as economics of happiness, capability approach, libertarian paternalism, and the concept of multiple self can be the alternative paradigm for value-free economics.
📘 The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus
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