From fact/value entanglement to the revival of classical political economy: Walsh's contribution to the capability approach literature.

This paper examines Walsh's interdisciplinary contribution to the capability approach literature and its differences from Sen's well-known framework. In this respect, Walsh's capability approach had its origins in the fact/value entanglement and continued his development through the idea of an 'ethi...

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Publicado en:Cambridge Journal of Economics Vol. 50; no. 4; pp. 763 - 787
Autor principal: Erasmo, Valentina
Formato: Artículo
Publicado: Oxford University Press / USA Jul2026
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: From fact/value entanglement to the revival of classical political economy: Walsh's contribution to the capability approach literature.
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        au: Erasmo, Valentina
        affil: Department of Economics and Statistics "Cognetti de Martiis", University of Turin, Italy
      su:
        Capabilities approach (Social sciences)
        Philosophy of economics
        Normative economics
        Research methodology
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          Capabilities approach (Social sciences)
          Philosophy of economics
          Normative economics
          Research methodology
      keyword:
        capability approach
        classical political economy
        copyrightHolder:Cambridge Political Economy Society
        copyrightYear:2026
        entanglement)
        fact/value (dichotomy
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        publisher:Oxford University Press
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        scarcity
        capability approach
        classical political economy
        copyrightHolder:Cambridge Political Economy Society
        copyrightYear:2026
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        fact/value (dichotomy
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        ontology
        publisher:Oxford University Press
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        scarcity
      ab: This paper examines Walsh's interdisciplinary contribution to the capability approach literature and its differences from Sen's well-known framework. In this respect, Walsh's capability approach had its origins in the fact/value entanglement and continued his development through the idea of an 'ethics without ontology'. Based on the concept of individuals' achievements, which anticipated Sen's notion of functionings, Walsh's proposal appears more strongly rooted in the dialogue between ethics and economics. This comparison between Sen and Walsh clarifies their respective contributions in the capability approach literature, in turn, providing more specific insights into Sen's role in the revival of classical political economy through Walsh's interpretation. Within this complex analysis, Sen's position reveals a less interdisciplinary and more mainstream methodological perspective than is usually associated with his thought. This issue makes his endorsement of the dialogue between ethics and economics more controversial than Walsh's, who was a rather radical and consistent supporter of this methodological entanglement.
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    language: English
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