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The Relevance for Present Economic Theory of Economic Theory Written in the Past

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  • Walker, Donald A.

Abstract

In order that this essay may be clear to the reader, some understandings about terminology must be established. First, if we speak of “theories that were formulated in the past,” ordinarily we mean to leave open the question of whether they are still valid, and if we speak of “past theories,” ordinarily we imply that they have been discarded and that implies that they were defective and were supplanted by current theories. Nevertheless, in this essay the latter term, used for the sake of brevity, will have the same meaning as the former expression. If a past theory is considered to be invalid, that will be staled explicitly.

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  • Walker, Donald A., 1999. "The Relevance for Present Economic Theory of Economic Theory Written in the Past," Journal of the History of Economic Thought, Cambridge University Press, vol. 21(1), pages 7-26, March.
    • Handle: RePEc:cup:jhisec:v:21:y:1999:i:01:p:7-26_00
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    Cited by:

    1. Andrea Maneschi, 2000. "How New is the "New Trade Theory" of the Past Two Decades?," Vanderbilt University Department of Economics Working Papers 0027, Vanderbilt University Department of Economics.

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