IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/6684.html
   My bibliography  Save this paper

Normative Issues In Marginalism: The Case Of P. Wicksteed

Author

Listed:
  • Drakopoulos, Stavros A.

Abstract

ABSTRACT Phillip Wicksteed’s ideas played an important role in the history of economic methodology. This is because of two reasons: The first was that his views represent the starting point of the deliberate attempt to expel normative issues from marginalist economic analysis. The second reason was that his ideas influenced his disciple L. Robbins, who was one of the first theorists to set the methodological basis for an allegedly value-free economic science. The paper examines Wicksteed’s conception of a positive economic science and the role of normative aspects. In the same context, his views on the nature and the role of economic man, and his analysis of selfish and altruistic behaviour are also discussed. Finally, the work combines the above with Wicksteed’s economic methodology in order to asses his overall role and influence on the development of the trend towards a value-free economic theory.

Suggested Citation

  • Drakopoulos, Stavros A., 2007. "Normative Issues In Marginalism: The Case Of P. Wicksteed," MPRA Paper 6684, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6684
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/6684/2/MPRA_paper_6684.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Drakopoulos, S. A., 1997. "Origins and Development of the Trend Toward Value-Free Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 19(2), pages 286-300, October.
    2. Redman, Deborah A., 1993. "Economics and the Philosophy of Science," OUP Catalogue, Oxford University Press, number 9780195082746.
    3. Luigino Bruni, 2000. "Ego Facing Alter: How Economists have Depicted Human Interactions," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 71(2), pages 285-313, June.
    4. Lord Robbins, 1970. "The Evolution of Modern Economic Theory," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00876-6.
    5. Lord Robbins, 1970. "The Evolution of Modern Economic Theory," Palgrave Macmillan Books, in: The Evolution of Modern Economic Theory, chapter 1, pages 11-46, Palgrave Macmillan.
    6. Luigino Bruni & Robert Sugden, 2007. "The road not taken: how psychology was removed from economics, and how it might be brought back," Economic Journal, Royal Economic Society, vol. 117(516), pages 146-173, January.
    7. Philippe Fontaine, 2000. "Making use of the past: theorists and historians on the economics of altruism," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(3), pages 407-422.
    8. Flavio Comim, 2004. "The Common Sense of Political Economy of Philip Wicksteed," History of Political Economy, Duke University Press, vol. 36(3), pages 475-495, Fall.
    9. Lord Robbins, 1971. "Autobiography of an Economist," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01164-3.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stavros A. Drakopoulos, 2024. "Value Judgements, Positivism and Utility Comparisons in Economics," Journal of Business Ethics, Springer, vol. 189(3), pages 423-437, January.
    2. Stavros, Drakopoulos, 2021. "The Relation of Neoclassical Economics to other Disciplines: The case of Physics and Psychology," MPRA Paper 106597, University Library of Munich, Germany.
    3. Salerno Joseph T., 2001. "The Neglect of Bastiat's School by English-Speaking Economists: A Puzzle Resolved," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 11(2), pages 1-45, June.
    4. Angelo Antoci & Fabio Sabatini & Mauro Sodini, 2009. "The fragility of social capital," Department of Economics University of Siena 551, Department of Economics, University of Siena.
    5. Ronald Bodkin, 1999. "Women's Agency In Classical Economic Thought: Adam Smith, Harriet Taylor Mill, And J. S. Mill," Feminist Economics, Taylor & Francis Journals, vol. 5(1), pages 45-60.
    6. Samuel Hollander, 2001. "Malthus and Classical Economies : The Malthus-Ricardo Relationship," Cahiers d'Économie Politique, Programme National Persée, vol. 38(1), pages 11-23.
    7. Antoci, Angelo & Sabatini, Fabio & Sodini, Mauro, 2012. "The Solaria syndrome: Social capital in a growing hyper-technological economy," Journal of Economic Behavior & Organization, Elsevier, vol. 81(3), pages 802-814.
    8. Stavros Drakopoulos & Ioannis Katselidis, 2014. "The Development of Trade Union Theory and Mainstream Economic Methodology," Journal of Economic Issues, Taylor & Francis Journals, vol. 48(4), pages 1133-1149, December.
    9. Hanappi, Hardy, 2014. "Schumpeter and Goodwin," MPRA Paper 59932, University Library of Munich, Germany.
    10. Drakopoulos, Stavros A. & Katselidis, Ioannis, 2017. "The Relationship between Psychology and Economics: Insights from the History of Economic Thought," MPRA Paper 77485, University Library of Munich, Germany.
    11. Drakopoulos, Stavros A., 2023. "The Economics of Wellbeing and Psychology: An Historical and Methodological Viewpoint," MPRA Paper 117891, University Library of Munich, Germany.
    12. Drakopoulos, Stavros A. & Karayiannis, Anastassios, 1999. "Mainstream Consumer Theory: Delay, Acceptance and History Texts," MPRA Paper 15434, University Library of Munich, Germany.
    13. Bacon, Charley Arthur, II, 1992. "The abstinence theory of Nassau Senior and its critique by Eugen Von Bohm Bawerk," ISU General Staff Papers 1992010108000017589, Iowa State University, Department of Economics.
    14. Carl Christian von Weizsäcker, 2011. "Homo Oeconomicus Adaptivus – Die Logik des Handelns bei veränderlichen Präferenzen," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2011_10, Max Planck Institute for Research on Collective Goods.
    15. Francesco GUALA, 2017. "Preferences: Neither Behavioural nor Mental," Departmental Working Papers 2017-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    16. Anna Justyna Parzonko & Agata Balińska & Anna Sieczko, 2021. "Pro-Environmental Behaviors of Generation Z in the Context of the Concept of Homo Socio-Oeconomicus," Energies, MDPI, vol. 14(6), pages 1-18, March.
    17. Thiago Dumont Oliveira & Carlos Eduardo Suprinyak, 2016. "Lionel Robbins’ first-step individualism and the prehistory of microfoundations," Textos para Discussão Cedeplar-UFMG 537, Cedeplar, Universidade Federal de Minas Gerais.
    18. Gabriel Leite Mota, 2022. "Unsatisfying ordinalism: The breach through which happiness (re)entered economics," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(3), pages 513-528, June.
    19. Ingebjørg Kristoffersen, 2010. "The Metrics of Subjective Wellbeing: Cardinality, Neutrality and Additivity," The Economic Record, The Economic Society of Australia, vol. 86(272), pages 98-123, March.
    20. Marcin Lewicki & Robert Romanowski, 2016. "Społeczne uwarunkowania stosowania metod neuromarketingowych w założeniach ekonomii behawioralnej," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 40, pages 257-272.

    More about this item

    Keywords

    Marginalism; Wicksteed; Normative; History of Economic Thought;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:6684. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.