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By Lord Robbins (auth.)

ISBN-10: 0333370392

ISBN-13: 9780333370391

ISBN-10: 1349175102

ISBN-13: 9781349175109

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Example text

All that I contend is that there is much to be said for separating out the different kinds of propositions involved by the different disciplines which are germane to social action, in order that we may know at each step exactly on what grounds we are deciding. I do not believe that Mr. Fraser really disagrees with me here. In exactly the same way I would plead that it is a complete misunderstanding of my position to contend that because I have emphasised the conventional nature of the assumptions underlying many of the soealled "measurements" of economic phenomena, I am therefore "opposed" to the carrying out of operations of this sort.

N. Kaldor, "Welfare Propositions of Economics and Interpersonal Comparisons of Utility", Econ. , Sept. 1939, 49, 549-51. , Paris, 1892 ECONOMICS AND POLITICAL ECONOMY xxxiii Lionel Robbins, Political Economy: Past and Present, London, 1976. Charles Rowley and Alan P. , 1976. Jacob Viner, Studies in the Theory of International Trade, New York,1937. R. , London 1855. Philip H. Wicksteed, The Alphabet of Economic Science, London, 1888. PREFACE TO THE SECOND EDITION first edition of this essay has been out of print for some time, but apparently some demand for it continues.

There are things in the external world which are present in such comparative abundance that the use of particular units for one thing does not 1 Thia may seem an unneceuary refinement, and in the first edition of this eBBay I left it out for that reaaon. But the condition that there exists a hierarchy of ends is so important in the theory of value that it seems better to state it explicitly even at this stage. , Section 2. I Cp. Schonfeld, Orenznvtun unci Wlrt&cluiftwtl;/mttng, p. r Volk&wiruchaft una Sozialpolitik, Bd.

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An Essay on the Nature and Significance of Economic Science by Lord Robbins (auth.)


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