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Colleagues: 
 
It is just a little disturbing to follow the discussion about value theory, and see so
little reference to Lionel Robbins's 1932 publication on the nature and scope of
Economics.  (Or have I missed this?)  Economics has limitations as a science.  All
sciences do.  They are defined by their limitations.  There is also a metaphysical
"science" dealing with values.  It is called Ethics.  It is my personal perception that
Emmanuel Kant had much that is reasonable to say about absolute value.  Economics deals
with relative value.  To lay it on Economics because it does not contain the whole of
truth is to misunderstand Economics and much much else.  Perhaps it was a mistake to drop
Philosophy as a requirement for a degree in Economics.
 
Robin Neill 
 
 
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