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Cambridge Economics (2008)

In: On Skidelsky’s Keynes and Other Essays

Author

Listed:
  • Catherine Walston
  • G C Harcourt

    (University of Cambridge
    Jesus College
    University of Adelaide
    University of New South Wales)

Abstract

Maynard Keynes called Thomas Robert Malthus, ‘the first of the Cambridge economists’. He provided a brilliant description of Malthus’s approach: Malthus was above all, a great pioneer of the application of a frame of formal thinking to the complex confusion of the world of daily events. Malthus approached the central problems of economic theory by the best of all routes. He began … as a philosopher and moral scientist, … brought up in the Cambridge of Paley, applying the à priori method of the political philosopher. He then immersed himself … in the facts of economic history and of the contemporary world, applying the methods of historical induction and filling his mind with a mass of the material of experience … finally he returned … to the pure theory of the economist proper, and sought … to impose the methods of formal thought on the material presented by events, … to penetrate these events with understanding by a mixture of intuitive selection and formal principle and thus to interpret the problem and propose the remedy

Suggested Citation

  • Catherine Walston & G C Harcourt, 2012. "Cambridge Economics (2008)," Palgrave Macmillan Books, in: On Skidelsky’s Keynes and Other Essays, chapter 21, pages 319-326, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-34864-6_22
    DOI: 10.1057/9780230348646_22
    as

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