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The Credibility of Liberal Economics

In: Explorations in Economic Liberalism

Author

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  • Alan Peacock

Abstract

In 1836 at the close of an article in the London Review on ‘Whether Political Economy is Useful’, the protagonist of political economy, ‘Mr B’, whom James Mill uses to expound his views to ‘Mr A’, concludes with the resounding words: The people, therefore, in the legislature, void of knowledge, who say they distrust and despise political economy, make no presumption against the doctrines against which they vent only a senseless noise. ... There is no branch of human knowledge more entitled to respect; and the men who affect to hold it in contempt afford indication only against themselves.1

Suggested Citation

  • Alan Peacock, 1996. "The Credibility of Liberal Economics," Palgrave Macmillan Books, in: Geoffrey E. Wood (ed.), Explorations in Economic Liberalism, chapter 5, pages 82-102, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-24967-1_5
    DOI: 10.1007/978-1-349-24967-1_5
    as

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