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Of Positivism and the History of Economic Thought

Author

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  • Bruce Caldwell

Abstract

The rhetoric of positivism had a profound effect on the worldview and practice of economists in the middle of the last century. Though this influence has greatly diminished, it still may be found in the attitude of many economists towards the history of their discipline. This paper traces the effects of positivism in economics, then argues that the history of economics is a critical component of both the undergraduate teaching and the graduate training of economists, and that as such, it should be reintroduced into the economics curriculum. It concludes by documenting some recent hopeful signs of change.

Suggested Citation

  • Bruce Caldwell, 2012. "Of Positivism and the History of Economic Thought," Center for the History of Political Economy Working Paper Series 2012-09, Center for the History of Political Economy.
  • Handle: RePEc:hec:heccee:2012-9
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    File URL: http://hope.econ.duke.edu/node/656
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    Keywords

    positivism; history of economic thought; history of economics; economic methodology; undergraduate education; graduate education; Hayek;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • B0 - Schools of Economic Thought and Methodology - - General
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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