The Uses and Abuses of Economics

Terence Hutchison has made a unique contribution to debates in the history of economic thought and in economic methodology. The material collected here - much of which is appearing for the first time - includes some of the most significant and provocative parts of this contribution. Working from the principle that an idea that offends no one is not worth entertaining, the essays selected here offer a major reinterpretation of what has been called `the Smithian Revolution'', and especially of Ricardo, plus a re-assessment of subjectivism and the methodology of the Austrian school.