Keynes’s fundamental insight

26 Oct, 2014 at 22:48 | Posted in Economics | 3 Comments

The difficulty lies, not in the new ideas, but in the escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

John Maynard Keynes

Mark Blaug (1927-2011) did more than any other economist to establish the philosophy and methodology of economics a respected subfield within economics. His path-breaking The methodology of economics (1980) is still a landmark (and the first textbook on economic methodology yours truly ever read).


  1. Reblogged this on ashishbarua1.

  2. Blaug deeply admired Homa Katouzian’s “Ideology and Method”, published at the same time — indeed, I think HK’s is a more profound work. Naturally, it was ignored by the mainstream neo-classicals!

  3. Economic Theory in Retrospect- Fourth edition 1984 .by Marc Blaug

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