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Words, Objects and Events in Economics

The open access book “Words, Objects and Events in Economics. The Making of Economic Theory” edited by Peter Róna, Laszlo Zsolnai and Agnieszka Wincewicz-Price (2020, Springer) examines the disappearance of moral content and ethical judgment from the models employed in modern economic theory, and contains proposals about how moral judgment could be reintroduced in economic theory.

The chapters collected in this volume contribute to the themes: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return to descriptive economics as the means with which the moral content of economic life could be restored in economic theory.

Full text of the book is available here: Word, Object, and Events