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Philosophy, Economics and Capital Theory

Daniel Hausman is one of a very small number of modem scholars who have seriously combined great skill as philosophers of social science with deep study of economics, especially economic theory, so as to cast strong light upon the scientific status of economics. Of the two books discussed here, Hausman’s Capital, Profits and Prices (hereafter referred to as CPP) is the more original contribution. The other, The Philosophy of Economics (hereafter PE), of which Hausman is editor, is an interesting, indeed the best extant, anthology of selections on the scientific status and method of economics.