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Climate Economics and Normative Expertise

Mintz-Woo, Kian (2016) Climate Economics and Normative Expertise. [Preprint]

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Abstract

I discuss three families of methodologies that could be used to assign values to the normative parameters relevant to social discounting in welfare economics generally, and climate economics more specifically. First, I argue that in particular circumstances, there cannot be philosophical argumentation for normative questions; specifically, this occurs when the particular values being sought are both non-critical and from a quantitative range. Second, I argue that social preferences are insufficient if we take the problem to be normative and that proposals for informed social preferences face significant challenges in implementation. Finally, I argue in favour of expert elicitation for experts in welfare economics, construed as those who understand the theoretical implications of adopting particular judgments. Those who understand the theoretical implications of adopting particular judgments will be better placed to develop coherent social plans while integrating relevant empirical data.


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Item Type: Preprint
Creators:
CreatorsEmailORCID
Mintz-Woo, Kiankian.mintz-woo@uni-graz.at
Keywords: philosophy of economics, social discount rate, climate change, normative expertise, economic methodology
Subjects: Specific Sciences > Economics
General Issues > Ethical Issues
General Issues > Models and Idealization
General Issues > Science Policy
General Issues > Values In Science
Depositing User: Kian Mintz-Woo
Date Deposited: 09 Mar 2016 14:43
Last Modified: 09 Mar 2016 14:43
Item ID: 11905
Subjects: Specific Sciences > Economics
General Issues > Ethical Issues
General Issues > Models and Idealization
General Issues > Science Policy
General Issues > Values In Science
Date: 9 March 2016
URI: http://philsci-archive.pitt.edu/id/eprint/11905

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