The Politics and Philosophy of Economics

This book examines the philosophical underpinnings and political motivations of the various schools of economic thought, tracing their development in some cases over several generations and examining at length the work of the major proponents of each school. Professor Hutchison then demonstrates the implications of these schools' most basic assumptions and prepositions for methodology and public policy. He concludes with a sobering assessment of the inevitable but often overlooked limitations of general theories.