The internecine arguments by economists in the daily papers show that a good part of economics is about
- what is good; and
- how to achieve it,
i.e. about philosophy and politics. In British universities a major in Economics used to be part of PPE – the triple concentration in Politics, Philosophy and Economics. Puts economics with the traditional moral “sciences” of values.
The emerging paradigm in academic economics is PNE – Psychology, Neuroscience and Economics. Puts economics with the traditional value-free sciences.
But, if economics is about what’s good and how to get it, it can’t be value-free. Hence …