The Putnam Twist: The End of Value

[ The End of Value-Free Economics edited by Hilary Putnam and Vivian Walsh (Routledge, 2012; ix + 229 pp.)] Hilary Putnam was one of the greatest philosophers of the twentieth century, but he had horrible judgment about politics and economics. The book under review is a collection of essays, mostly by Putnam and the economist Vivian Walsh, that calls for a revival of “classical” economics, by which is meant neo-Ricardian economics in the style of the Piero Sraffa, combined with a host of welfare-state measures, derived from the “capabilities” approach of Amartya Sen and Martha Nussbaum, the