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Article: Economic analysis, moral philosophy, and public policy.(Book review)
- Article from:
- Independent Review
- Article date:
- June 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 Independent Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Daniel M. Hausman, a philosopher, and Michael S. McPherson, an economist, have written Economic Analysis, _Moral Philosophy, and Public Policy (2d ed., New York: Cambridge University Press, 2006) to convince their readers, especially but not only economists, that current economic practice, particularly with regard to policy advice, is significantly more intertwined with moral philosophy than is usually admitted. Far from criticizing the inclusion of ethical judgments in economic analysis, they argue instead that such inclusion is practically unavoidable. Their aim is not to purge from economics all traces of moral philosophy, but to debunk the pretense that economists make ...