Because of a lot of its mathematical pretentions, economists, and macro-economists in particular, have obscured the fact that at base, theirs is a value-driven discipline. While a great deal of economics falls under behavioural science, the discipline as a whole is aimed, just like political science, at policy recommendation. What that means, is that economic theory, like political theory, is in great part an exercise in ethics, theorising about morality in government and commerce. It introduces a perverse moral perspective in which no duty matters, and no title has value.
Mugabenomics in Theory
Mugabenomics in Theory
Mugabenomics in Theory
Because of a lot of its mathematical pretentions, economists, and macro-economists in particular, have obscured the fact that at base, theirs is a value-driven discipline. While a great deal of economics falls under behavioural science, the discipline as a whole is aimed, just like political science, at policy recommendation. What that means, is that economic theory, like political theory, is in great part an exercise in ethics, theorising about morality in government and commerce. It introduces a perverse moral perspective in which no duty matters, and no title has value.