Robert Heilbroner is Norman Thomas Professor of Economics,
Emeritus, at the New School for Social Research, in New York City. His
main contribution to economic thought is in the critical
methodology/philosophy of economics...he likes to look at "the
big picture".
Heilbroner's view on the Doctrine of value-free economics
(Wertfreiheit) are as follows:
Economists are not scientifically detached in assessing
economic theories...Economists, like all social investigators,
...cannot help being emotionally involved with the society of which
they are members: every social scientist approaches his task with a
wish, consciously or unconsciously, to demonstrate the workability or
unworkability of the social order he is investigating. In the face of
this extreme vulnerability to value judgements, economists cannot be
impartial or disinterested: thus, value judgements, partly of a
sociological kind, partly with respect to bahaviour, have infused
economics from its earliest statements to its latest and most
sophisticated representations".
Heilbroner also believes that the study of economics, following
the collapse of the Keynesian view, has reached a state of crisis that
can never be overcome without the development of an all-encompassing
vision. According to Heilbroner and Milber g in "The Crisis
of Vision in Modern Economic Thought", "By vision we
mean the political hopes and fears, social stereotypes, and value
judgements--all unarticulated, as we have said--that infuse all social
thought, not throught their illegal entry into an otherwise pristine
realm, but as psychological, perhaps existential, necessities.
Together vision and analysis form the basis of everything we believe
we know, above all in that restricted but extremely important area of
knowledge in which we s eek to understand, and where possible to
change, the terms and conditions of our collective lives."
- Works by Robert Heilbroner :
- The Crisis of Vision in Modern Economic Thought:
A Synopsis
- The Worldly Philosophers
- An Inquiry into the Human Prospect
- Visions of the Future
- Twenty-First Century Capitalism
- Savings and Investment: Dynamic Aspects
- Was Schumpeter Right After All?
- Behind the Veil of Economics
- Marxism: For and Against
- The Nature of Economics
- Economic Means and Social Ends
- Economics as a "Value-Free" Science