What Was “It” that Robbins Was Defining?
AbstractThis paper argues that Robbins’ famous definition of economics was of “economic science” which he saw as only a narrow branch of the field of economics. Moreover, it was descriptive, not prescriptive, and was simply a statement that that was what economists were then doing in the science of economics. His prescriptive message was that policy belonged in the “political economy” branch of economics, and that the science of economics should avoid value judgments, but that political economy should include value judgments. That prescriptive message has been lost.
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Bibliographic InfoPaper provided by Middlebury College, Department of Economics in its series Middlebury College Working Paper Series with number 0706.
Length: 10 pages
Date of creation: Aug 2007
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Other versions of this item:
- NEP-ALL-2007-09-02 (All new papers)
- NEP-HPE-2007-09-02 (History & Philosophy of Economics)
- NEP-PKE-2007-09-02 (Post Keynesian Economics)
- NEP-SOG-2007-09-02 (Sociology of Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Robbins, economic science and political economy
by Nicholas Gruen in Club Troppo on 2009-10-25 00:21:15
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