Foreclosure Crisis and Innovative Policy Responses: A Constructive Critique

• Autores: Rojhat Berdan Avsar
• Localización: Journal of Economic Issues, ISSN 0021-3624, Vol. 48, Nº. 1, 2014, págs. 155-168
• Idioma: inglés
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• Resumen

  • 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 should not 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.