 Cambridge Economics (2008)Catherine Walston and Geoffrey Harcourt Chapter 21 in On Skidelsky’s Keynes and Other Essays, 2012, pp 319-326 from Palgrave Macmillan Abstract: Abstract Maynard Keynes called Thomas Robert Malthus, ‘the first of the Cambridge economists’. He provided a brilliant description of Malthus’s approach: Malthus was above all, a great pioneer of the application of a frame of formal thinking to the complex confusion of the world of daily events. Malthus approached the central problems of economic theory by the best of all routes. He began … as a philosopher and moral scientist, … brought up in the Cambridge of Paley, applying the à priori method of the political philosopher. He then immersed himself … in the facts of economic history and of the contemporary world, applying the methods of historical induction and filling his mind with a mass of the material of experience … finally he returned … to the pure theory of the economist proper, and sought … to impose the methods of formal thought on the material presented by events, … to penetrate these events with understanding by a mixture of intuitive selection and formal principle and thus to interpret the problem and propose the remedy Keywords: Nobel Prize; Full Employment; Optimum Taxation; Nobel Laureate; Trade Cycle Theory (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34864-6_22 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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