In Economic Analysis, Moral Philosophy, and Public Policy (2006), Daniel Hausman and Michael McPherson present a serious challenge to the prevailing belief that economists’ policy recommendations usually are or can be grounded solely in their scientific knowledge. Identifying the hidden moral assumptions that underlie purportedly value-free economic analysis, Hausman and McPherson contend, enables a more critical examination of those recommendations and, therefore, better policy choices.

Gene Callahan is currently completing a Ph.D. dissertation at Cardiff University.
EconomistsEconomyPhilosophy and ReligionPublic ChoiceRegulationScience and Public Policy
Other Independent Review articles by Gene Callahan
Winter 2008/09 The Myth of the Rational Voter: Why Democracies Choose Bad Policies
Fall 2005 Oakeshott and Mises on Understanding Human Action
Fall 2005 Michael Oakeshott: An Introduction
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