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Issues and Prospects of Valuation Science Read chapter Read first chapter

2024 | OriginalPaper | Chapter

The Inextricability of Fact and Value

Author : Massimo Dell’Utri

Published in: Science of Valuations

Publisher: Springer Nature Switzerland

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Abstract

In this chapter I put forward some reasons to show how judgments of fact and judgments of value are intertwined. These reasons run contrary to a deep-rooted cultural tradition, which sees a sharp distinction—a dichotomy—between the natural sciences, on the one hand, and the human sciences, on the other, and therefore between facts and values. Accordingly, I show which tradition this is and what the advantages of abandoning its main tenets are. Central to the exposition is the explanation of why the science of valuations can be taken to represent one of the best instances of the inextricability of fact and value.

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previous chapter Why Foundations …? Evaluation as Civil Commitment
next chapter The Tip and the Bottom. What Makes an Estimate True?
Footnotes
1
Given the constellation of topics that scholars working within the many societies in real estate appraisal and investment decision all over the world deal with, for the sake of the present chapter I’ll adopt the stipulation according to which the phrase ‘the science of valuations’ refers to all the cases in which uses of terms such as ‘appraisal’, ‘valuation’, ‘evaluation’, ‘assessment’ are appropriate—cases of appraisal of real estate, valuation of projects, plans and programs for the valorization of the built environment, etc.
 
2
For a survey of the many faces the thesis of relativism can take on, cf. Baghramian and Coliva [1].
 
3
For an account of scientific and ‘liberalized’ versions of naturalism, cf. De Caro and Macarthur [2, 3].
 
4
I would like to thank Salvatore Giuffrida for his help in clarifying this nature.
 
5
Notice that the role of intuition in the drafting process of a project is stressed by a number of authors (cf. Fattinnanzi [9], xxiii-xxiv).
 
6
I am grateful to David Brett and Stefano Caputo for their useful comments on a first draft of this chapter.
 
Literature
1.
Baghramian M, Coliva A (2020) Relativism. Routledge, New York
2.
De Caro M, Macarthur D (eds) (2004) Naturalism in question. Harvard University Press, Cambridge, MA
3.
De Caro M, Macarthur D (eds) (2022) The Routledge Handbook of Liberal Naturalism. Routledge, Abingdon
4.
Putnam H (2002) The collapse of the fact/value dichotomy and other essays. Harvard University Press, Cambridge, MA
5.
Putnam H (2004) Ethics without ontology. Harvard University Press, Cambridge
6.
Hovis RC, Kragh H (1993) P.A.M. Dirac and the beauty of physics. Sci Am 268:104–109CrossRef
7.
Putnam H (1981) Reason, truth and history. Cambridge University Press, Cambridge
8.
Putnam H (2003) For ethics and economics without the dichotomies. Rev Polit Econ 15:395–412CrossRef
9.
Fattinnanzi E (2017) Introduction. In: Stanghellini S, Morano P, Bottero M, Oppio A (eds) Appraisal: from theory to practice. Springer, Cham: xv–xxvi
10.
Giuffrida S (2017) The true value: on understanding something. In: Stanghellini S, Morano P, Bottero M, Oppio A (eds) Appraisal: from theory to practice. Springer, Cham, pp 1–14
Metadata
Title
The Inextricability of Fact and Value
Author
Massimo Dell’Utri
Copyright Year
2024
Book
Science of Valuations

Print ISBN: 978-3-031-53708-0

Electronic ISBN: 978-3-031-53709-7

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-53709-7_4