Wicksteed, Robbins and the Emergence of Mainstream Economic Methodology

Stavros Drakopoulos

Review of Political Economy, 2011, vol. 23, issue 3, 461-470

Abstract: Phillip Wicksteed's ideas played an important role in the history of economic methodology, first, because his views represent the starting point of the deliberate attempt to expel hedonism from marginalist economic analysis, and secondly because his ideas influenced his prominent disciple Lionel Robbins. The current mainstream view of an allegedly value-free economic science can be traced to Robbins. The paper examines Wicksteed's conception of economic science and the role of hedonism. His views on the nature and the role of economic man, and his analysis of egoism and of altruistic behaviour are also discussed. The paper assesses Wicksteed's influence, via Robbins, on the formation of mainstream methodological views.

Date: 2011
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DOI: 10.1080/09538259.2011.583837

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