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    Economics predicts and explains social phenomena on the b... — Carmelics
    Home/Consequentialism
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    Supports→Contemporary economics is value laden

    Economics predicts and explains social phenomena on the basis of agents' preferences

    ConsequentialismTruth & Knowledge
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    ConsequentialismTruth & Knowledge

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    Contemporary economics is value ladenGrounding explanations in agents' preferences constitutes a form of value ladenn...

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    Economists confine themselves to predicting and explaining behavior ba...80%Decision theorists are able to represent the rational actions of any a...76%Economic theory identifies maximizing units—economic agents—with uncha...76%Representation theorems hold that any agent with qualitative preferenc...76%

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    SEP: scientific-objectivity
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    Understood this way, social science lacks objectivity in more than one sense. One of the more important debates concerning objectivity in the social sciences concerns the role value judgments play and, importantly, whether value-laden research entails claims about the desirability of actions. Max Weber held that the social sciences are necessarily value laden. However, they can achieve some degree of objectivity by keeping out the social researcher’s views about whether agents’ goals are commend

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