Introduction: Revisiting the History of Welfare Economics

Backhouse, Roger E.; Baujard, Antoinette; Nishizawa, Tamotsu

doi:10.1017/9781108882507.001

Cited by 3 publications

(3 citation statements)

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“…shareholder value maximisation 5 ), metrics for measuring economic 'success' (for example, GDP) and frameworks for addressing major challenges such as climate change. 6 There has been an equally vibrant tradition of critiquing standard welfare economics theories and tools (see Sen (1979) for an older critique and Backhouse, Baujard and Nishizawa (2021) for a recent historical overview). Yet, in the 1980s and 1990s, debates on welfare economics seemed to have become marginalised, prompting Anthony (Tony) Atkinson (2001) to publish his article 'The strange disappearance of welfare economics'.…”

Section: Introductionmentioning

confidence: 99%

Is it time to reboot welfare economics? Overview

Coyle,

Fabian,

Beinhocker

et al. 2023

Fiscal Studies

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The contributions of economists have long included both positive explanations of how economic systems work and normative recommendations for how they could and should work better. In recent decades, economics has taken a strong empirical turn as well as having a greater appreciation of the importance of the complexities of real‐world human behaviour, institutions, the strengths and failures of markets, and interlinkages with other systems, including politics, technology, culture and the environment. This shift has also brought greater relevance and pragmatism to normative economics. While this shift towards evidence and pragmatism has been welcome, it does not in itself answer the core question of what exactly constitutes ‘better’, and for whom, and how to manage inevitable conflicts and trade‐offs in society. These have long been the core concerns of welfare economics. Yet, in the 1980s and 1990s, debates on welfare economics seemed to have become marginalised. The articles in this Fiscal Studies symposium engage with the question of how to revive normative questions as a central issue in economic scholarship.

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Section: Introductionmentioning

confidence: 99%

Is it time to reboot welfare economics? Overview

Coyle,

Fabian,

Beinhocker

et al. 2023

Fiscal Studies

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show abstract

“…Economics, originally a moral science, has become detached from its ethical mooring (Backhouse et al, 2020;Boulding, 1969;Davis, 1991). An economic order is, from a broader perspective, a moral order (Bowles, 2016;North, 1994) but this appears to be of limited concern to the contemporary, mainline economist.…”

Section: Introduction To the Handbook Of Teaching Ethics To Economistsmentioning

confidence: 99%

Introduction to the Handbook of Teaching Ethics to Economists

Negru,

Duckworth,

Meyenburg

2023

Handbook of Teaching Ethics to Economists

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“…Economics, originally a moral science, has become detached from its ethical mooring (Backhouse et al, 2020;Boulding, 1969;Davis, 1991). An economic order is, from a broader perspective, a moral order (Bowle, 2016;North, 1994) but this appears to be of limited concern to the contemporary, mainline economist.…”

Section: Introduction Ioana Negru Craig Duckworth and Imko Meyenburgmentioning

confidence: 99%

Handbook of Teaching Ethics to Economists

2023

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Introduction: Revisiting the History of Welfare Economics

Cited by 3 publications

References 52 publications

Is it time to reboot welfare economics? Overview

Is it time to reboot welfare economics? Overview

Introduction to the Handbook of Teaching Ethics to Economists

Handbook of Teaching Ethics to Economists

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