This volume collects some of Terence Hutchison's most significant
contributions to the history of thought and to economic
methodology. Reflecting the principle that an idea that offends no
one is not worth entertaining, the essays range widely. It begins
by questioning the value of the "classical revolution", especially
David Ricardo's contribution to it. With further essays on Jevons,
the first half of the book develops the view that "progress" in
economics is by no means inevitable, especially where it shows a
tendency to greater abstraction. The second part of the book
focuses on economic methodology and develops some of the author's
favourite themes. Prominent amongst these are the validity of
"subjectivism" as a methodological position, and the related issue
of the methodology of the Austrian school, in particular the
conflicting views of Hayek and Mises, as well as the relationship
between aims and methods in economics.
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