Abstract
In the opening chapter it was suggested that economic heresy can be interpreted as deviant science. The literature on the sociology of science yielded a number of hypotheses concerning both resistance to unorthodox ideas and those occasions on which mainstream economists became more receptive to dissident arguments. Heretics might be opposed on grounds of scientific rigour, their arguments being seen as incoherent, unclear, or irrelevant to the tasks at hand. Considerations of professional pride might be involved, both in the cases of ‘trespassers’ from another scientific discipline and where untrained amateurs are involved. Intellectual conservatism may predispose the practitioners of Kuhnian ‘normal science’ to resist innovation, and to do so more vigorously the greater the depth and breadth of the challenge to existing orthodoxy. Finally, political motives might operate if new ideas were seen to threaten existing power structures and vested (especially class) interests.
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Notes
A. W. Coats, ‘The Origins and Early Development of the Royal Economic Society’, Economic Journal 78, 1968, pp. 349–71.
R. Kuttner, ‘The Poverty of Economics’, Atlantic Monthly, February 1985, p. 79 (I am grateful to Fred Lee for this reference).
M.P. Schneider, Underconsumption and Imperialism: A Study in the Work of J. A. Hobson (unpublished M.Sc. dissertation, University of Cambridge, 1959), p. 21; cf.
Hobson, Confessions of an Economic Heretic (London: Allen & Unwin, 1938), p. 30.
H. George, The Science of Political Economy (London: Kegan Paul, Trench, Truebner & Co., 1898), p. xxxiii.
J. A. Hobson, Rationalisation and Unemployment: an Economic Dilemma (London: Allen & Unwin, 1930), pp. 135–6.
Cited in L. Barnes, Empire or Democracy? A Study of the Colonial Question (London: Gollancz, 1939), pp. 105–6.
See for example T. W. Hutchison, Economics and Economic Policy in Britain1949–1966 (London: Allen & Unwin, 1968), pp. 277–301.
T. W. Hutchison, On Revolutions and Progress in Economic Knowledge (Cambridge: Cambridge University Press, 1978), pp. 286–320;
M. Bronfenbrenner, ‘The “Structure of Revolutions” in Economic Thought’, History of Political Economy 3, 1971, pp. 136–51;
C. D. Goodwin, ‘Toward a Theory of the History of Economics’, History of Political Economy 12, 1980, pp. 610–19.
J. J. Spengler, ‘Exogenous and Endogenous Influences in the Formation of Post-1870 Economic Thought’, pp. 159–87 of R. V. Eagly (ed.), Events, Ideology and Economic Theory (Detroit: Wayne State University Press, 1968).
T. W. Hutchison, ‘From “Dismal Science” to “Positive Economics” — a Century-and-a-Half of Progress?’, pp. 192–211 of J. Wiseman (ed.), Beyond Positive Economics? (London: Macmillan, 1983).
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© 1988 J. E. King
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King, J.E. (1988). Conclusion. In: Economic Exiles. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07743-4_11
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