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Panglossian Paradox: How Paradigmatic Purity Compromises Policy Effectiveness

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  • Ann E. Davis

Abstract

Ethical systems are embedded in paradigms. The call for an ethical approach to economics must ultimately address the nature and critique of the existing paradigm, rather than focus simply on individual behavior or policy prescriptions. The existing paradigm has its own ethical norms and foundations, even if not widely understood or acknowledged. The norms and paradigm must shift together as part of the same process of critique.

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  • Ann E. Davis, 2013. "Panglossian Paradox: How Paradigmatic Purity Compromises Policy Effectiveness," Forum for Social Economics, Taylor & Francis Journals, vol. 42(4), pages 346-358, November.
    • Handle: RePEc:taf:fosoec:v:42:y:2013:i:4:p:346-358
    DOI: 10.1080/07360932.2013.769893
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    References listed on IDEAS

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    1. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, April.
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    4. DeMartino, George F., 2011. "The Economist's Oath: On the Need for and Content of Professional Economic Ethics," OUP Catalogue, Oxford University Press, number 9780199730568.
    5. Poovey, Mary, 2008. "Genres of the Credit Economy," University of Chicago Press Economics Books, University of Chicago Press, number 9780226675336, April.
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