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Facts, Theories, Values and Destitution in the Works of Sir Partha Dasgupta

Hilary Putnam and Vivian Walsh

Review of Political Economy, 2007, vol. 19, issue 2, 181-202

Abstract: Partha Dasgupta (2005, p. 226) seriously misunderstands Hilary Putnam's analysis of the entanglement of facts, theories and values, and claims that Bergson-Samuelson provided economics with foundations amounting to 'a broad, ethical structure.' Actually, Bergson-Samuelson were attempting to provide economists with a way of avoiding ethical commitments altogether. But it is not in Dasgupta's interest to make this attempt to avoid values, and it clouds the understanding of his own major contributions to the study of poverty, oppression, and destitution (Dasgupta, 1993, 2001), which combine rigorous modeling with an up-to-date knowledge of moral philosophy and with humane values. Of special interest to this Review, is the fact that Dasgupta's major works give evidence of properties that have been characteristic of the emerging second phase in the development of present-day classical theory.

Date: 2007
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DOI: 10.1080/09538250701256748

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