On Abstract and Historical Hypotheses and on Value-Judgments in Economic Sciences

By Luigi Einaudi

Edited by Paolo Silvestri

© 2016 – Routledge

200 pages

Purchasing Options:
Hardback: 9780415517904
pub: 2016-03-01

About the Book

Luigi Einaudi (1874-1961) was a leading liberal economist, economic historian and political figure. This book provides the English-speaking world with a first critical edition of an unpublished version of Einaudi’s most important epistemological essay.

The issues analysed here lie at the core of the problem concerning the nature and scope of economic sciences and the role played by economists in the public sphere, with particular emphasis on the interaction between economists and the ruling class.

The earlier version of this essay has also been considered the "historical epilogue" of the Italian tradition in public finance. An extensive reappraisal of this newly discovered document will help to reconsider and cast light on that tradition. This critical edition includes a comprehensive introduction and conclusion, both of which aim to place Einaudi’s essay in the context of his earlier epistemological speculation and the associated debates, and to assess the unsettled questions he left as an enduring heritage for the current generation of social scientists.

Table of Contents

I. Paolo Silvestri, Introduction II. Luigi Einaudi, On the nature of hypothesis and the problem of value-judgments in the economic sciences 1. Abstract and historical hypothesis 2. On some abstract hypotheses regarding the state and on their historical value 3. On value judgements in economic sciences III. Paolo Silvestri, Afterword: Epistemology of the science of good government. A reappraisal of the question of normativity in social sciences

About the Author/Editor

Luigi Einaudi (1874-1961) was a leading liberal economist, economic historian and political figure: Governor of the Bank of Italy, Minister for the Budget and President of the Italian Republic.

Paolo Silvestri is a Researcher in the Faculty of Law, University of Turin, Italy.

About the Series

Routledge Studies in the History of Economics

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / Theory
LAW / Legal History
POLITICAL SCIENCE / History & Theory