On the Anthropological Study of Economies: A Comment |
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Authors: | Ramesh C Bhardwaj |
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Institution: | California State University, Sacramento |
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Abstract: | This paper deals with the moral justification behind policy positions. Squeezed between the inevitability of having a welfare ideology and the mantra of value-neutrality (depoliticization), neoclassical policy economists tend to disguise their normative positions on policy matters as common sense. This attitude is particularly pronounced in what I will call "the rhetoric of worthiness," whereby the neoclassical approach justifies its advocacy that certain people should not be helped. This normative position is disguised by a vocabulary (e.g., moral hazard) claimed to be politically neutral. The present paper criticizes this neoclassical mode of policy evaluation in favor of a more socially conscious and innovative policy approach. |
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Keywords: | economic policy foreclosure crisis neoclassical economics rhetoric |
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