The Political Element in the Development of Economic TheoryMyrdal described this book as a discussion of three key notions in economic theory: the ideas of value, freedom, and collective house-keeping. It is through these concepts, he charged, that political ideology has been intro-duced into economic theory. This volume continues to be relevant in its emphasis on the problem of objectivity in the social sciences. |
Contents
POLITICS AND POLITICAL ECONOMY I | 1 |
THE IDEOLOGICAL BACKGROUND | 23 |
THE CLASSICAL THEORY OF VALUE | 56 |
Copyright | |
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abstract actual Adam Smith analysis argument assumption attempt attitudes Bentham classical theory commodity concept conclusions conflict course criticism defined determined discussion distribution disutility doctrine economic theory economists empirical equal ethical exchange value explain factors of production fiscal formulation free competition happiness hedonism hedonistic idea ideal individual interpretation J. S. Mill James Mill Jevons laissez-faire liberalism logical Malthus marginal utility theory marginalists maxim means measure metaphysical method moral national income natural law natural value normative objective philosophy of natural Physiocrats pleasure and pain Political Economy possible postulate practical price formation principle of ability problem production progressive taxation proposition psychological public finance quantities question rational real value result Ricardo sacrifice scientific Sidgwick social value socialists society taxation theoretical theorists theory of public theory of value tion utilitarian valuations value judgements value premises value theory welfare economics whole Wicksell Wieser writers