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Economic Philosophy (Hardcover)
Loot Price: R3,725
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Economic Philosophy (Hardcover)
Series: Routledge Classics
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Joan Robinson (1903-1983) was one of the greatest economists of the
twentieth century and a fearless critic of free-market capitalism.
A major figure in the controversial 'Cambridge School' of economics
in the post-war period, she made fundamental contributions to the
economics of international trade and development. In Economic
Philosophy Robinson looks behind the curtain of economics to reveal
a constant battle between economics as a science and economics as
ideology, which she argued was integral to economics. In her
customary vivid and pellucid style, she criticizes early economists
Adam Smith and David Ricardo, and neo-classical economists Alfred
Marshall, Stanley Jevons and Leon Walras, over the question of
value. She shows that what they respectively considered to be the
generators of value - labour-time, marginal utility or preferences
- are not scientific but 'metaphysical', and that it is frequently
in ideology, not science, that we find the reason for the rejection
of economic theories. She also weighs up the implications of the
Keynesian revolution in economics, particularly whether Keynes's
theories are applicable to developing economies. Robinson concludes
with a prophetic lesson that resonates in today's turbulent and
unequal economy: that the task of the economist is to combat the
idea that the only values that count are those that can be measured
in terms of money. This Routledge Classics edition includes a new
foreword by Sheila Dow.
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