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Evaluative judgments between positive and normative: For an axiological economy

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  • Jérôme Ballet

Abstract

This article argues that the distinction between positive and normative, which is the basis of much of economics, is not relevant. By inserting the distinction between norms and values, the article makes it possible to insert a new perspective between the two parts of the dichotomy: that of value judgments that are not necessarily normative. The article then supports the idea of an axiological economy that enriches evaluative judgments and provides a broader informational base for policy decisions.

Suggested Citation

  • Jérôme Ballet, 2019. "Evaluative judgments between positive and normative: For an axiological economy," Cahiers du GREThA (2007-2019) 2019-01, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    • Handle: RePEc:grt:wpegrt:2019-01
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    File URL: http://cahiersdugretha.u-bordeaux.fr/2019/2019-01.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    value; norm; ethics; information base;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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