The Uses and Abuses of Economics

The Uses and Abuses of Economics

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Terence Hutchison has made a unique contribution to debates in the history of economic thought and in economic methodology. The material collected here - much of which is appearing for the first time - includes some of the most significant and provocative parts of this contribution. Working from the principle that an idea that offends no one is not worth entertaining, the essays selected here offer a major reinterpretation of what has been called `the Smithian Revolution', and especially of Ricardo, plus a re-assessment of subjectivism and the methodology of the Austrian school.Their dismissive treatment, however, rests on the sole basis, or sole mention, of the Manual of Political Economy, from ... The True Alarm (1804) a€” Bentham showed himself to be in possession of far superior and sounder basic theories, ... Regarding utility and value, Bentham provided a superb critique of Smitha#39;s confused and confusing treatment of utility, value and the water-and-diamonds paradox (v.

Title:The Uses and Abuses of Economics
Author: Terence Hutchison
Publisher:Routledge - 2002-09-11

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