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Cover Art
Author Hutchison, T. W. (Terence Wilmot)

Title The uses and abuses of economics : contentious essays on history and method / Terence Hutchison.

Published London ; New York : Routledge, 1994.


Location Call No. Status
 UniM Bund  330.09 HUTC {Bund81 20190820}    AVAILABLE
Physical description xiii, 314 pages ; 25 cm
Bibliography Includes bibliographical references and index.
Contents Pt. I. Progress and regress in political economy: Smith-Ricardo-Jevons. 1. From William Petty to Adam Smith and the English Classicals. 2. Jeremy Bentham as an Economist. 3. James Mill and Ricardian Economics. 4. On the Interpretation and Misinterpretation of Economic Literature: The Preposterous Case of David Ricardo. 5. 'Ricardian Politics': Another Case of Ricardian Hagiography? 6. The Politics and Philosophy in Jevons's Political Economy. 7. The Jevonian Revolution and Economic Policy in Britain. 8. From 'Dismal Science' to 'Positive Economics': A Century-And-A-Half of Progress? -- Pt. II. Subjectivism, methods and aims. 9. Notes Towards the Identification and History of 'Subjectivism' in Economic Theory.
Summary This volume collects together some of Terence Hutchison's most significant contributions to the history of thought and to economic methodology, several of which are appearing for the first time. Reflecting the principle that an idea that offends no one is not worth entertaining, the essays range widely. The volume begins by questioning the value of the 'classical revolution', especially David Ricardo's contribution to it. With further essays on Jevons, the first half of the book develops the view that 'progress' in economics is by no means inevitable, especially where it shows a tendency to greater abstraction.
The second part of the book focuses on economic methodology and develops some of the author's favourite themes. Prominent amongst these are the validity of 'subjectivism' as a methodological position and the related issue of the methodology of the Austrian School, in particular the conflicting views of Hayek and Mises, as well as the relationship between aims and methods in economics.
Subject Economics -- History.
Economics -- Methodology.
ISBN 0415094046