DOI: 10.18356/22cd3d5d-en
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Economic Policy: Science or Ideology? (Part Two)

Abstract: The two parts of this article (the first was pub lished in CEPAL Review, N.° 7) constitute a systematic attempt to present and analyse critically the major approaches in 'official eco nomics1 to the theory of economic policy. Part One was devoted to L. Robbins; this part seeks to outline the foundations o f 'welfare économ ies1 and the latest neoclassical positions on the construction of econometric models. The author argues that the various neo classical approaches represent attempts to overcome the incompati… Show more

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