On Sticking to One’s Last

S. R. Dennison and John R. Presley
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S. R. Dennison: University of Hull
John R. Presley: Loughborough University

Chapter 11 in Robertson on Economic Policy, 1992, pp 151-155 from Palgrave Macmillan

Abstract: Abstract Three years ago our then President, Mr Hawtrey, in a challenging address entitled ‘The Need for Faith’,1 commented on the loss of self-confidence which had overtaken the race of economists. This he attributed to their lack of faith. Faith in the utilitarian calculus, faith in the invisible hand, had wilted away, and nothing had taken its place. Nothing short of an enlargement of the scope of economics to embrace all the elements of the good life, so I took his final sentences to mean, could get our science back upon its feet, and restore to its practitioners self-confidence in addressing their fellow men.

Keywords: Economic Welfare; Practical Wisdom; Invisible Hand; Cardinal Measurement; Final Sentence (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12501-2_11

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DOI: 10.1007/978-1-349-12501-2_11

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