Titlebook: Economics as Applied Ethics; Fact and Value in Ec Wilfred Beckerman Textbook 2017Latest edition The Editor(s) (if applicable) and The Autho

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The Main ConceptsIn order to be able to make full use of the simple key to the analysis of economic policy questions that I have promised to supply in Chapter 1, it is necessary to clarify a few basic concepts. Boring, perhaps, but essential, like some boring facts that one invariably has to learn in order to practise any applied science.

Obstruction

Fact and Value in Public Policy: Three ExamplesOne widely discussed conflict of values, in addition to uncertain positive relationships, is a conflict between equality and productive efficiency, which is what the late Arthur Okun called ‘the big trade-off’. In the interests of exposition, I shall defer to Chapters 15 and 16 some of the problems associated with the concept of ‘equality’.

placebo-effect

通情达理

Equality: ‘Fact’ or ‘Value’?He would cut up the ceilings of the Veronese into strips so that every one might have a little piece. I don’t want everyone to have a little piece of anything, and I have a great horror of that kind of invidious jealousy which is at the bottom of the idea of a redistribution.

渗入

种属关系

The Price of Lifee weighed up ‘…the whips and scorns of time, the pangs of despized love, the laws delay’, and so on, against the fear of the awful experiences one might have when one has ‘shuffled off this mortal coil’. But he did not try to put a monetary value on the components of his balance sheet.

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https://doi.org/10.1007/978-3-319-50319-6Moral significance of consumers’ sovereignty; Distributive justice; Utilitarianism; Libertarianism; Egal

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Deference

Wilfred BeckermanTreats Economics as an applied science.Breaks down, clearly, an analysis of economic policy issues to what are matters of fact and matters of values.Highlights the main value judgements in the analysi

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