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by ChristianMarks 4515 days ago
Putnam has argued against a strict fact-value dichotomy in "The Collapse of the Fact-Value Dichotomy" and in a recently published book of essays edited by Putnam entitled, "The End of Value-Free Economics (Routledge INEM Advances in Economic Methodology)." Economic justice, theft and fraud are not strictly questions of moral values--this presupposes a spurious fact-value dichotomy. These notions have both normative and positive aspects; the positive aspects of these notions (and others, related to class dominance) can be captured in game theoretic terms--and should be.

In the Preface to Game Theory Evolving, economist Herbert Gintis suggested that the mathematical methods of non-cooperative (and cooperative) game theory developed by von Neumann and Morgenstern, Nash and their successors–Gintis among them–have the potential to elevate social and political discourse above ideological debate.

Gintis does not take the step of applying game theory to the topics under discussion--but neither have most of the comments here, with the expected result.

1 comments

Capturing the positive aspects in game theoretic terms might have advantages; I recognised rigour as one.

However, I don't think these advantages warrant capturing all the positive aspects in game theoretic terms. It makes the reading opaque, hiding the normative value judgments behind scientific-seeming jargon.

Instead of formalising the positive aspects, clarify the underlying normative choices. Then we will come closer to finding where it is we actually disagree.

I have revised the article at http://publicsphere.org. The normative value judgments are not hidden behind scientific seeming jargon. The normative value judgements retain the significance they have--however, they are inextricably entangled with certain positive phenomena, which should be explicated. Instead of denying the relevance of positive aspects outright behind philosophical seeming jargon based on a discredited fact-value dichotomy imported from British Logical Positivism into economics, find some positive reason they are wrong. I see no reason to privilege the normative aspects at the expense of the positive aspects--unless the intention is to prevent the discussion from rising above ideological debate.
> inextricably entangled with certain positive phenomena, which should be explicated

Let me attempt to disentangle them: You assume collectives (not only individuals) have rights.

> approximately 0.1% of the US population has been systematically winning asymmetric zero-sum games against the lower 99%.

You treat clusters of individuals as players in a game, and infer injustice from systematic winning of these games; as though justice would necessitate "fair gameplay" between collectives, not just between individuals.

There's nothing to disagree with in your formalisation, but your formalisation is meaningless to anyone who disagrees with the underlying philosophy of rights and justice.

Let me attempt to disentangle them: You assume collectives (not only individuals) have rights.

No, I make no such assumption. The assertion that I do is not warranted. Since philosophers like to find inferences their interlocutors believe they have not made: locate this assumption. Rousseau's vocabulary of "rights" has not been particularly helpful.

I do not "infer" injustice. The attempt is to characterize positive aspects of it. It seems to be characterized by the systematic winning of certain games by one group against another, especially when the utility obtained by winning is population dependent for one group (the "winners") and not for the other group (the "losers").

A general prohibition against allowing one group to systematically win asymmetric zero-sum games against another group would be a normative principle. So would some elaboration of special exceptions.

incidentally, you use the term 'meaningless' too loosely. Under what philosophical theory does a formalization becomes meaningful depending on who agrees with its "underlying philosophy"?