Please use this identifier to cite or link to this item:
Appears in Collections:Economics Book Chapters and Sections
Title: The methodological role of the history of economic thought
Author(s): Dow, Sheila
Contact Email:
Editor(s): Marcuzzo, Maria Cristina
Deleplace, Ghislain
Paesani, Paolo
Citation: Dow S (2020) The methodological role of the history of economic thought. In: Marcuzzo MC, Deleplace G & Paesani P (eds.) New Perspectives on Political Economy and its History. Palgrave Studies in the History of Economic Thought. London: Palgrave Macmillan, pp. 21-37.
Keywords: History of Economic Thought
Adam Smith
economic methodology
Issue Date: 2020
Date Deposited: 23-Aug-2021
Series/Report no.: Palgrave Studies in the History of Economic Thought
Abstract: The purpose of this paper is to explore the methodological role of the history of thought in economic theorising. The connection is drawn between Adam Smith’s use of the history of ideas for his own theorising on the one hand and his espousal of the Newtonian experimental method on the other. The history of ideas formed an important part of the evidential base. On this basis, the argument is then developed that study of the history of economic thought contributes to the modern development of theory within a pluralist, open-system approach. Further the significance of different approaches to history itself is highlighted both for understanding Smith and for considering modern debates about the history of thought. The paper is thus offered as further support for the important role for the history of economic thought in economic teaching and practice.
Rights: This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Pre-publication version of chapter in G Deleplace, M C Marcuzzo and P Paesani (eds), New Perspectives on Political Economy and Its History. London: Palgrave Macmillan, 2020, pp. 21-38, reproduced with permission of Palgrave Macmillan. This extract is taken from the author's original manuscript and has not been edited. The definitive, published, version of record is available here:
Licence URL(s):

Files in This Item:
File Description SizeFormat 
2020 meth of het pre-publication.pdfFulltext - Accepted Version472.49 kBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.