Value in Ethics and Economics¶
Anderson, E. (1993). Value in Ethics and Economics. Harvard University Press.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Commensurability
- Value commensuration refers to the (often contentious) assignment of monetary or utility values to non-market goods: ecosystems, health, justice, cultural heritage, a class of cases Anderson (1993) treats as morally distinctive because the chosen metric encodes a normative stance toward what kind of value is at stake.
This sourcePluralist analysis of valuation across ethical, economic, environmental, and personal domains; argues that monetary commensuration systematically misrepresents goods (friendship, citizenship, environmental integrity) that warrant non-market modes of valuation.
- Value commensuration refers to the (often contentious) assignment of monetary or utility values to non-market goods: ecosystems, health, justice, cultural heritage, a class of cases Anderson (1993) treats as morally distinctive because the chosen metric encodes a normative stance toward what kind of value is at stake.
- Value Commensuration
- The structural insight is robust: environmental policy (monetizing ecosystem services), healthcare (assigning monetary or QALY value to human life), organizational resource allocation (comparing R&D to operations to sales via a common budget framework), and international development (ranking SDGs via a single index) all exhibit the same commensuration-and-contestation logic, as Anderson (1993) documents across multiple value domains in her analysis of how monetary valuation systematically misrepresents goods that warrant different modes of valuation.
This sourcePluralist analysis of valuation across ethical, economic, environmental, and personal domains; argues that monetary commensuration systematically misrepresents goods (friendship, citizenship, environmental integrity) that warrant non-market modes of valuation.
- The structural insight is robust: environmental policy (monetizing ecosystem services), healthcare (assigning monetary or QALY value to human life), organizational resource allocation (comparing R&D to operations to sales via a common budget framework), and international development (ranking SDGs via a single index) all exhibit the same commensuration-and-contestation logic, as Anderson (1993) documents across multiple value domains in her analysis of how monetary valuation systematically misrepresents goods that warrant different modes of valuation.
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