Whither the History of Economic Thought: going Nowhere Rather Slowly?
Abstract
The paper argues that economics science is not a perfect selection mechanism that preserves each and every economic idea that is valid and useful and jettisons all ideas that are not. Therefore the task of the history of economic thought cannot be limited to the study of the past from the present state of economics. Another important task is to study the present state of economics from the standpoint of past authors in order to see what has been gained and what lost in the course of time. The history of economic thought may play a useful role by preserving valuable ideas which otherwise would fall into oblivion
Keywords:
history of economic thought
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.