By Michael C. Carroll (auth.)
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Additional info for A Future of Capitalism: The Economic Vision of Robert Heilbroner
But not all ideology is blatant. What Heilbroner finds interesting is ideology which is of a more subtle form. It silently creeps into our analysis unwittingly. Let me offer an example from Heilbroner's Behind the Veil: Robert E. Lucas, a well-known conservative theorist, makes this reply to the question of whether governments do not try to resolve social injustice: 'That wouldn't be anything like my view. I can't think of explaining the pharaohs as being in existence to resolve the social injustice in Egypt.
However, finding qualified economists who also embody the requisite skills and courage to cross their discipline's borders does make us question the future of worldly philosophy. Many of the younger economists are drawn to the profession because of its quantitative qualities. To change their focus could not guarantee their proficiency in the more inclusive field. In fact, following their own argument - labour markets efficiently allocating skills - makes this somewhat unlikely; the profession gets what its majority wants.
Even though capitalism will survive, those familiar with Heilbroner's work will know that he has some reservations about the future of worldly philosophy. He has questioned on several occasions (Heilbroner 1953, Heilbroner 1992b) whether this approach will be compatible with modern capitalist systems. This is a serious consideration since we have begun to classify Heilbroner himself as working in the 'worldly philosophy' tradition. Heilbroner has two main concerns about the future of worldly philosophy.
A Future of Capitalism: The Economic Vision of Robert Heilbroner by Michael C. Carroll (auth.)