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Fact-value entanglement in positive economics

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  • Julian Reiss

Abstract

This paper presents arguments that challenge what I call the fact/value separability thesis: the idea, roughly, that factual judgements can be made independently of judgements of value. I will look at arguments to the effect that facts and values are entangled in the following areas of the scientific process in economics: theory development, economic concept formation, economic modelling, hypothesis testing, and hypothesis acceptance.

Suggested Citation

  • Julian Reiss, 2017. "Fact-value entanglement in positive economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 24(2), pages 134-149, April.
    • Handle: RePEc:taf:jecmet:v:24:y:2017:i:2:p:134-149
    DOI: 10.1080/1350178X.2017.1309749
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    Cited by:

    1. Maximilian Tallgauer & Christoph Schank, 2023. "Rethinking Economics Education for Sustainable Development: A Posthumanist Practice Approach," Sustainability, MDPI, vol. 15(11), pages 1-14, June.
    2. Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 119-155, Emerald Group Publishing Limited.
    3. Harvard, Stephanie & Werker, Gregory R. & Silva, Diego S., 2020. "Social, ethical, and other value judgments in health economics modelling," Social Science & Medicine, Elsevier, vol. 253(C).
    4. Dorian Jullien, 2019. "Interviews and the Historiographical Issues of Oral Sources," Post-Print halshs-01651062, HAL.

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