P. W. S. Andrews (1914–1971)

Abstract

The first economic heretics tended, like Sir James Steuart and E. S. Cayley, to be defenders of the established order against what they considered to be ill-advised and potentially dangerous innovations. Later dissidents were, on the whole, radicals who proposed far-reaching reform of the economic and (in some cases) the social system. The subject of this chapter is of the former type. P. W. S. Andrews was a convinced conservative whose microeconomic theory, although often seen as revolutionary by its critics, had quite opposite political implications and was reactionary (or counter-revolutionary) in an intellectual sense.