Abstract

The present note will be concerned only with Sir Partha Dasgupta's recent article in this journal. What is more, it will concentrate on those parts of the article which contain a serious misreading of Hilary Putnam's position on the entanglement of facts, theories and values. These philosophical matters can perhaps be clarified for economist readers by considering, to begin with, Dasgupta's interpretation of the Bergson–Samuelson position. What Burk and Samuelson were doing, according to Dasgupta, was to establish ‘the ethical foundations of the subject...over five decades ago’.2 Thus a major theme of the article is heard at once: economics is supposedly based on sound ethical foundations, and these can be traced to specific work written long ago, and hence needing no augmentation. These ethical foundations, it is claimed, ‘are now regarded to be a settled matter’.