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Five Ways of Looking at “Ought”

In: What’s Wrong with Economics?

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  • Benjamin Ward

Abstract

Suppose a naïve positivist, turning for the first time from the study of facts to values, asked himself what the criterion of meaning for a value might be. Remembering (see p. 160) that, in his philosophical credo, the meaning of an empirical assertion is determined by the experiences that would refute it, he might well come up with its precise ethical analog: the meaning of an asserted rule of obligation is determined by the experiences that would refute it, that is, by the experiences which, if they occurred as a consequence of accepting it, would lead one to reject the rule of obligation. Well, why not? As we have seen, facts, observations, are not nearly as hard as the logical positivists once thought, and the process of verification is far fuzzier than formalist economists tend to claim. At the same time, the social, as opposed to individual, nature of man suggests that values may be somewhat less personal and subjective than a positivist would claim. In the present chapter we discuss alternative ethical positions with a view to supporting our naïve positivist’s view of ethics.

Suggested Citation

  • Benjamin Ward, 1972. "Five Ways of Looking at “Ought”," Palgrave Macmillan Books, in: What’s Wrong with Economics?, chapter 14, pages 207-221, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01806-2_14
    DOI: 10.1007/978-1-349-01806-2_14
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