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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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