Publication: Thick concepts in economics: the case of Becker and Murphy’s Theory of Rational Addiction
Thick concepts in economics: the case of Becker and Murphy’s Theory of Rational Addiction
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Djordjevic, C., & Herfeld, C. (2021). Thick concepts in economics: the case of Becker and Murphy’s Theory of Rational Addiction. Philosophy of the Social Sciences, 51(4), 371–399. https://doi.org/10.1177/00483931211008541
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In this paper, we examine the viability of avoiding value judgments encoded in thick concepts when these concepts are used in economic theories. We focus on what implications the use of such thick concepts might have for the tenability of the fact/value dichotomy in economics. Thick concepts have an evaluative and a descriptive component. Our suggestion is that despite attempts to rid thick concepts of their evaluative component, economists are often not successful. We focus on the strategy of explication to remove the evaluative comp
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- Djordjevic, Charles
- Herfeld, Catherine
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Djordjevic, C., & Herfeld, C. (2021). Thick concepts in economics: the case of Becker and Murphy’s Theory of Rational Addiction. Philosophy of the Social Sciences, 51(4), 371–399. https://doi.org/10.1177/00483931211008541