ABSTRACT

Myrdal described this book as a discussion of three key notions in economic theory: the ideas of value, freedom, and collective house-keeping. It is through these concepts, he charged, that political ideology has been intro-duced into economic theory. This volume continues to be relevant in its emphasis on the problem of objectivity in the social sciences.

chapter 1|22 pages

Politics and Political Economy

chapter 2|33 pages

The Ideological Background

chapter 3|24 pages

The Classical Theory of Value

chapter 4|24 pages

The Neo-Classical Theory of Value

chapter 5|36 pages

Economic Liberalism

chapter 6|16 pages

‘Social Housekeeping’ and Social Value

chapter 7|35 pages

The Theory of Public Finance

chapter 8|17 pages

The Rôle of Economics in Politics

chapter |10 pages

Appendix Recent Controversies