The Idealization of Economic Reality in Classical Political Economy

In Evandro Agazzi, Marco Mondadori & Sandra Tugnoli Pattaro (eds.), Logica e Filosofia della Scienza, oggi. Volume 2. Bologna: CLUEB. pp. 257-262 (1986)
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Abstract

: The theory of objective value is the central feature in the paradigm of political economy. The Newtonian heritage plays a major role in giving political economy the status of a self-standing empirical science, and a reconstruction of this heritage casts fresh light on the idea of value and its role in the definition of the subject matter of political economy. Cognitive progress carried by classical political economy turns out to be related with the dilemmas of Newtonian epistemology and the alternative between essentialist realism and instrumental conventionalism.

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