Foreclosure Crisis and Innovative Policy Responses: A Constructive Critique
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 <i>should not</i> 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.
Year of publication: |
2014
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Authors: | Avsar, Rojhat Berdan |
Published in: |
Journal of Economic Issues. - M.E. Sharpe, Inc., ISSN 0021-3624. - Vol. 48.2014, 1, p. 155-168
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Publisher: |
M.E. Sharpe, Inc. |
Subject: | economic policy | foreclosure crisis | neoclassical economics | rhetoric |
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