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 This book provides the English-speaking world with a first critical edition of an unpublished rewriting of one of Einaudi’s most unique and thoughtful essays.
Einaudi’s unpublished work reveals reflections that are significant not only for the history of economic thought but also for economic methodology and the role and responsibility of economics and economists in the public sphere. The earlier version of this essay has 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. On Abstract and Historical Hypotheses and on Value-Judgments in Economic Sciences: Critical Edition with Introduction and Afterword by Paolo Silvestri 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. It assesses the unsettled questions he left as an enduring heritage for the current generation of social scientists.
This book is of great interest to those who study economic theory and philosophy, as well as history of economic thought, public economics and legal and political philosophy.
The defence of economic science and the issue of value judgments
Luigi Einaudi, On Abstract and Historical Hypotheses and on Value Judgments in Economic Sciences
I. Abstract hypotheses and historical hypotheses
II. On some abstract hypotheses concerning the state and on their historical value
III. On value judgements in economic sciences
Freedom and taxation between good and bad polity, and the economist-whole-man