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. The field of economics included both economic science—which his definition dealt with, and political economy--which his essay did not deal with. His prescriptive message was that policy belonged in the “political economy” branch of economics. He believed that while the science of economics should avoid value judgments as much as possible, the political economy (applied policy) branch of economics should, and must, 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 0914.
Length: 16 pages
Date of creation: Aug 2009
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: definition of economics; political economy; science of economics; Robbins; value judgments;
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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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