From Political Economy to Economics : Method, the Social and the Historical in the Evolution of Economic Theory

by Milonakis, Dimitris; Fine, Ben

• ISBN13: 9780203887110
• ISBN10: 0203887115
• Copyright: 2008-10-29
• Publisher: Taylor & Francis

Summary

Winner of the Gunnar Myrdal Prize of the European Association for Evolutionary Political Economy for 2009. Developments within economics of incorporating the historical (and the social, institutional, etc more generally) have been welcomed as progress over excessive formalism and lack of realism. But, by situating these developments in terms of the shifting relationship between economics, the historical and an evolving economics imperialism, a fuller understanding of the role of economic theory and the historical is presented as a prerequisite for analysis that aspires fully to address economic and historical change.

Table of Contents

Introduction

Smith, Ricardo and the First Rupture in Economic Thought

Mill's Conciliation, Marx's Transgression

Political Economy as History: Smith, Ricardo, Marx

Not by Theory Alone: German Historismus

Marginalism and the Methodenstreit

The Marshallian Heritage

British Historical Economics and the Birth of Economic History

Thorstein Veblen: Economics as a Broad Science

Commons, Mitchell, Ayres and the Fin de Siÿcle of American Institutionalism

In the Slipstream of Marginalism: Weber, Schumpeter and Sozialökonomik

Positivism and the Separation of Economics from Sociology

From Menger to Hayek: The (Re)Making of the Austrian School

From Keynes to General Equilibrium: Short and Long Run Revolutions in Economic Theory

Beyond the Formalist Revolution

Table of Contents provided by Publisher. All Rights Reserved.