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8 - Conclusion

from Part II - From history to interpretation

Published online by Cambridge University Press:  04 August 2010

E. Roy Weintraub
Affiliation:
Duke University, North Carolina
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Summary

… but what is Whiggery?

A levelling, rancorous, rational sort of mind

That never looked out of the eye of a saint

Or out of a drunkard's eye.

…All's Whiggery now…

W. B. Yeats (1946, pp. 277–8)

The history of economic thought as usually presented has a frankly Whiggish perspective in the sense that the narrative impels the reader to see how success was or was not reached in the particular paper or papers under discussion. Don Walker, in his recent presidential address to the History of Economics Society, made it explicit that “we judge economic writings in the light of modern economic knowledge…we use current knowledge to detect sound arguments and defective arguments” (Walker 1988, p. 101). Walker's paper and Samuelson's “Out of the Closet: A Program for the Whig History of Economic Science” (1987), define what most economists believe about the nature and use of histories of economics, and the history of science more generally. That is, in a brief caricature, that history must be a moral exemplar showing how scientists came to “get it right,” eventually, where the “right stuff” is called Truth. Thus, Walker states that the historian judges economic writings on the basis of criteria of originality, importance (as measured by impact on other, later writers), correspondence to current views, logical consistency, avoidance of false claims, and realism of the theories.

Type
Chapter
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Stabilizing Dynamics
Constructing Economic Knowledge
, pp. 149 - 152
Publisher: Cambridge University Press
Print publication year: 1991

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  • Conclusion
  • E. Roy Weintraub, Duke University, North Carolina
  • Book: Stabilizing Dynamics
  • Online publication: 04 August 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511571831.008
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  • Conclusion
  • E. Roy Weintraub, Duke University, North Carolina
  • Book: Stabilizing Dynamics
  • Online publication: 04 August 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511571831.008
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • E. Roy Weintraub, Duke University, North Carolina
  • Book: Stabilizing Dynamics
  • Online publication: 04 August 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511571831.008
Available formats
×