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Confronting the science-value split: notes on feminist economics, institutionalism, pragmatism and process thought

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  • Julie A. Nelson

Abstract

What changes must economics undergo, if it is to become a more adequate discipline, furthering of survival and flourishing? This essay argues that a break must be made from contemporary mainstream economics at the level of ontology (i.e., about the nature of reality). Drawing on neglected traditions of pragmatist philosophy and process metaphysics, some elements of 'old' institutionalist economics, and late-twentieth century natural science, it demonstrates that ample argument exists for a view of the world as open, evolving and permeated with value. Furthermore, feminist scholarship offers an explanation for why such a worldview faces an uphill battle for acceptance. Copyright 2003, Oxford University Press.

Suggested Citation

  • Julie A. Nelson, 2003. "Confronting the science-value split: notes on feminist economics, institutionalism, pragmatism and process thought," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(1), pages 49-64, January.
    • Handle: RePEc:oup:cambje:v:27:y:2003:i:1:p:49-64
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    Cited by:

    1. Valentinov, Vladislav, 2023. "Stakeholder theory: Toward a classical institutional economics perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 188(1), pages 75-88.
    2. Valentinov, Vladislav & Chia, Robert, 2022. "Stakeholder theory: A process‐ontological perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 31(3), pages 762-776.
    3. Therese Jefferson & Siobhan Austen & Rhonda Sharp & Rachel Ong & Gill Lewin & Valerie Adams, 2014. "Mixed-methods research: What’s in it for economists?," The Economic and Labour Relations Review, , vol. 25(2), pages 290-305, June.
    4. Julie A. Nelson, "undated". "Ethics and International Debt: A View from Feminist Economics," GDAE Working Papers 06-04, GDAE, Tufts University.
    5. Vladislav Valentinov, 2023. "Stakeholder Theory: Toward a Classical Institutional Economics Perspective," Journal of Business Ethics, Springer, vol. 188(1), pages 75-88, November.
    6. Zofia Å apniewska, 2017. "(Re)claiming Space by Urban Commons," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(1), pages 54-66, March.
    7. Siobhan Austen & Therese Jefferson, 2006. "Comparing responses to critical realism," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(2), pages 257-282.
    8. Robert Gassler, 2007. "Political and Social Economics: Beyond Orthodoxy and Heterodoxy," Forum for Social Economics, Taylor & Francis Journals, vol. 36(2), pages 109-125, January.

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