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J.A. Hobson and the economists

Fiona Maclachlan ()

Journal of Post Keynesian Economics, 2002, vol. 25, issue 2, 297-308

Abstract: Although a prolific and accomplished writer in the field of economics, Hobson was marginalized by the economics profession. His marginalization can be related to the theory of cultural evolution. His ideas were not proven wrong, but they failed to survive and propagate because of environmental influences within academe. Some of these influences include the desire to preserve intellectual investments, the status-driven preference for theory that mimics the hard sciences, the effect of business interests on faculty selection, and the allure of teaching convenience. The same influences arguably continue to condition the development of economics.

Date: 2002
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DOI: 10.1080/01603477.2002.11051357

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