Economics as a Moral Science: Menger vs. Keynes - Paolo Gomarasca - Vita e Pensiero - Articolo Filosofia Neo-Scolastica Vita e Pensiero

Economics as a Moral Science: Menger vs. Keynes

digital Economics as a Moral Science: Menger vs. Keynes
Article
Journal RIVISTA DI FILOSOFIA NEO-SCOLASTICA
Issue RIVISTA DI FILOSOFIA NEO-SCOLASTICA - 2021 - 3
Title Economics as a Moral Science: Menger vs. Keynes
Author
Publisher Vita e Pensiero
Format Article | Pdf
Online da 10-2021
Doi 10.26350/001050_000256
Issn 0035-6247 (print) | 1827-7926 (digital)
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As known, Menger endorses a typically Weberian thesis: Economics should be conceived as a value-free science. On the contrary, Keynes seems to argue that economics should be considered a moral science. This paper intends to prove a) a possible compatibility at the epistemological level and b) an agreement even at the ethical level. For these reasons, this paper is structured in two parts: 1) The first part examines the two ‘competing’ models in order to argue that a) the Mengerian model does not entail hostility against the ethical evaluation on economics and b) the Keynesian model does not mean that theoretical economics should be considered as epistemologically dependent upon a given system of moral precepts. 2) The second part intends to highlight that the epistemological agreement is linked to a similar standpoint in ethics: the common rejection of the love of money.

keywords

Menger, Keynes, Love of Money, Ethics

Author biography

Università Cattolica del Sacro Cuore, Milano. Email: paolo.gomarasca@unicatt.it

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