Relationalizing Normative Economics: Some Insights from Africa

In Josef Wieland, Stefan Linder, Jessica Geraldo Schwengber & Adrian Zicari (eds.), Cooperation in Value-Creating Networks Relational Perspectives on Governing Social and Economic Value Creation in the 21st Century. Springer. pp. 167-185 (2024)
  Copy   BIBTEX

Abstract

In this chapter I systematically distinguish a variety of ways to relationalize economics, and focus on a certain approach to relationalizing normative economics in the light of communal values salient in the African philosophical tradition. I start by distinguishing four major ways to relationalize empirical economics, viz., in terms of its ontologies, methods, explanations, and predictions, and also three major ways to relationalize normative economics, in regards to means taken towards ends, decision-procedures used to specify ends, and ends themselves. Then, in the rest of the chapter I address what would be involved in relationalizing the ends of economic choices, given certain ideals of communal relationship characteristically prized by sub-Saharan philosophers, particularly southern African adherents to ubuntu. I advance communal answers to the two large questions of what an economy should distribute and how to engage with stakeholders, and suggest that the implications will be found plausible by many open-minded enquirers around the world. Although this chapter is a work of ethical philosophy, it is meant to be of broad interest to scholars in economics.

Links

PhilArchive

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

A Relational Theory of Justice.Thaddeus Metz - forthcoming - Oxford University Press.
Stakeholder social capital: a new approach to stakeholder theory.Elisabet Garriga Cots - 2011 - Business Ethics, the Environment and Responsibility 20 (4):328-341.
The Need for Others in Public Policy: An African Approach.Thaddeus Metz - 2021 - In Motsamai Molefe & Chris Allsobrook (eds.), Towards an African Political Philosophy of Needs. Palgrave Macmillan. pp. 21-37.
Towards a more plural political theory of pluralism.Corrado Fumagalli - 2020 - Philosophy and Social Criticism 47 (10):1154-1175.

Analytics

Added to PP
2022-10-21

Downloads
54 (#289,891)

6 months
54 (#78,052)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Thaddeus Metz
Cornell University (PhD)

Citations of this work

No citations found.

Add more citations