Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 27 January 2020

Abstract and Keywords

This article addresses the difficulties that the phases of economic evaluations give rise to in theory and practice. It provides a brief outline of the meaning of economism — as a term and a concept — and then explores the issues that are related to the measurement and monetary valuation of the items to be included in economic evaluations, otherwise known as the valuation problem. The article also deals with the commensurability problem and the intrinsic value problem. Finally, some of alternatives and recommendations that can help avoid the pitfalls of economism are discussed.

Keywords: economic evaluations, economism, monetary valuation, valuation problem, commensurability problem, intrinsic value problem, pitfalls of economism

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.