Electronic Resource
Bingley
:
Emerald
International journal of social economics
23 (1996), S. 331-345
ISSN:
0306-8293
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
Shows the importance of heeding Clem Tisdell's call to devote attention to values and to consider further the limitations of unbounded rationality models in economic research. Outlines the implications of a criticism of choice theory for environmental decision-making. The critics of positivist philosophy of science show that it is impossible to carry out any analysis without making value judgements. The economist cannot escape this neither in theoretical analyses nor in applied studies. In relation to Clem Tisdell's call to consider values without pontificating on them, it is important to make two points. First, the analysts should state as clearly as possible the values that guide their specific analyses. Second, they could provide the decision makers with a range of options that depend on different stakeholders' ethical positions. Describes elements of the participatory decision-making process. It is noted that this approach to evaluation may enhance the rationality of the choices; better represent the values of the various stakeholders; and allow an improved interaction between individuals and institutions.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/03068299610121895
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