Economics as Worldly Philosophy Essays in Political and Historical E
These essays written by students of Robert Heilbroner, develop central themes in his work - the importance of historical perspective in economics, the connection with the great questions of philosophy, and the immediacy of politics. They begin by criticiz
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Also by Edward J. Nell BEYOND 1HE STEADY STATE (editor with Joseph Halevi and David I.Aibman) NICHOLAS KALDOR AND MAINSTREAM ECONOMICS (co-editor with Willi Semmler) TRANSFORMATIONAL GROWfH AND EFFECTIVE DEMAND
Professor Robert L. Heilbroner (circa 1980)
Economics as Worldly Philosophy Essays in Political and Historical Economics in Honour of Robert L. Heilbroner Edited by
Ron Blackwell Assistant to the President for Economic Affairs Amalgamated Clothing and Textiles Union, USA
Jaspal Chatha Lecturer in Economics Lehmann College of the City University of New York
and
Edward J. Nell Professor of Economics New School for Social Research, New York
palgrave macmillan
© Ron Blackwell, Jaspal Chatha and Edward J. Nell 1993 Softcover reprint of the hardcover 1st edition 1993 978-0-333-49477-6 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. Published by PALGRAVE MACMILLAN Houndmills, Basingstoke, Hampshire RG21 6XS and 175 Fifth Avenue, New York, N.Y. 10010 Companies and representatives throughout the world PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin's Press, LLC and of Palgrave Macmillan Ltd. Macmillan® is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. Outside North America
ISBN 978-1-349-22574-3 ISBN 978-1-349-22572-9 (eBook) DOI 10.1007/978-1-349-22572-9 In North America
ISBN 978-0-312-07982-6 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. A catalogue record for this book is available from the British library. Library of Congress Catalog Card Number: 92-2547
Transferred to digital printing 2002
For Robert L. Heilbroner
Over the years Robert L. Heilbroner has been a helpful and kindly, yet critical, teacher, mentor, guide and colleague to us and to all the authors of this book. All of us have been inspired by, and in large part have come to share, his vision of what economics could and should be an analytical, yet philosophical, dissection of the nature and logic of an evolving system, in order to devise policies to improve it, and thereby improve our world. We dedicate this book to him, as the very model of a worldly philosopher.
Contents frontispiece
Robert L. Heilbroner
xi
Notes on the Cont
