Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-wzw2p Total loading time: 0 Render date: 2024-05-01T18:15:15.493Z Has data issue: false hasContentIssue false

7 - The marginal revolution and the neo-classical triumph

Published online by Cambridge University Press:  05 June 2012

Phyllis Deane
Affiliation:
University of Cambridge
Get access

Summary

It is generally accepted that the British classical economists of the first half of the nineteenth century constituted an identifiable school of economic thought. They shared a distinctive framework of economic ideas, shaped by a particular set of axioms and theories and generally characterised by a strong bias towards economic policies favouring economic individualism and laissezfaire. Whether this school of thought constituted a ‘scientific community’ in the sense that T. S. Kuhn uses the term in his analysis of the structure of scientific revolutions or whether it is better described as a ‘pre-paradigm school’ may be open to question. In Kuhn's view a scientific community consists of the practitioners of a scientific specialty who share a common paradigm. ‘To an extent unparalleled in most other fields they have undergone similar educations and professional initiations; in the process they have absorbed the same technical literature and drawn many of the same lessons from it. Usually the boundaries of that standard literature mark the limit of a scientific subject matter.’

Certainly nineteenth-century economists drew their basic assumptions and techniques from the same textual sources – Adam Smith, David Ricardo, Nassau Senior and John Stuart Mill being the main links in a clearly perceptible continuity of thought – though there was as yet no formally recognised education as an economist. The doubt, however, is not whether the nineteenth century community of economists shared ‘similar educations and professional initiations’ but whether they were the practitioners of a scientific specialty.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 1978

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

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 Dropbox.

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.

Available formats
×