New book: The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus
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This book has been written by Aleksander Ostapiuk, Assistant Professor of Economics at Wroclaw University of Economics and Business. The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift?

The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better than no paradigm. Therefore, the author considers whether value-based economics with normative approaches such as economics of happiness, capability approach, libertarian paternalism, and the concept of multiple self can be the alternative paradigm for value-free economics. This book is essential reading to everyone interested in the current state of economics as a discipline.

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