From political economy to economics : method, the social and the historical in the evolution of economic theory / Dimitris Milonakis and Ben Fine.

Format:

Book

Author/Creator:

Milonakis, Dimitris.

Contributor:

Fine, Ben.

Series:

Economics as social theory.

Economics as social theory

Language:

English

Subjects (All):

Neoclassical school of economics--History.

Neoclassical school of economics.

Economics--History.

Economics.

Physical Description:

1 online resource (387 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 2009.

Language Note:

English

Summary:

Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection. The authors show how economics was once rich, diverse, multidimensional and pluralistic, and unravel the processes that lead to orthodoxy's current predicament. The book details how political economy became economics through the desocialisation and the dehistoricisation of the dismal science, accompanied by the separation of economics from the other social sciences, e

Contents:

Front Cover; From Political Economy to Economics; Copyright Page; Contents; Preface; 1. Introduction; 1 General outline; 2 Main themes; 3 Main objectives; 2. Smith, Ricardo and the first rupture in economic thought; 1 Introduction; 2 Classical political economy: general themes; 3 Smith's dualisms, Ricardo's abstractions; 4 The first methodological rupture; 5 Concluding remarks; 3. Mill's conciliation, Marx's transgression; 1 Introduction; 2 John Stuart Mill: consolidation and crisis; 3 Karl Marx, dialectics and history; 4 Concluding remarks

4. Political economy as history: Smith, Ricardo, Marx1 Introduction; 2 The invisible hand of history?; 3 Ricardo with Smith as point of departure; 4 The dialectics of value; 5 Concluding remarks; 5. Not by theory alone: German historismus; 1 Introduction; 2 The making of the German Historical School; 3 Methodological foundations; 4 Laws of development; 5 History without theory?; 6 Concluding remarks; 6. Marginalism and the Methodenstreit; 1 Introduction; 2 Marginalism and the second schism in economic thought; 3 Carl Menger and the Methodenstreit; 4 The aftermath; 5 Concluding remarks

7. The Marshallian heritage1 Introduction; 2 Setting the scene: dehomogenising marginalism; 3 From soaring eagle ...; 4 ... to vulgar vultures?; 5 Concluding remarks; 8. British historical economics and the birth of economic history; 1 Introduction; 2 British historicism: T.E. Cliffe Leslie; 3 The birth of economic history; 4 Concluding remarks; 9. Thorstein Veblen: economics as a broad science; 1 Introduction; 2 Institutions, evolution and history; 3 Veblen versus marginalism, Marx and the Historical School; 3 Mitchell's empiricism; 4 Veblen's evolutionary scheme; 4 Ayres' Veblenian themes

5 Method and history in Veblen's work6 Concluding remarks; 10. Commons, Mitchell, Ayres and the fin de siècle of American institutionalism; 1 Introduction; 2 Commons' compromises; 5 Concluding remarks; 11. In the slipstream of marginalism: Weber, Schumpeter and Sozialökonomik; 1 Introduction; 2 Constructing social economics or Sozialökonomik; 3 From value neutrality and ideal types to methodological individualism; 4 Constructing histoire raisonée: Sombart and Weber; 5 Concluding remarks; 12. Positivism and the separation of economics from sociology; 1 Introduction

2 Twixt logical and non-logical: Pareto and the birth ofsociology3 Lionel Robbins: squaring off the marginalist revolution; 4 Souter's reaction; 5 Introducing positivism: From Hutchison to Friedman; 6 Talcott Parsons and the consolidation of sociology; 7 Concluding remarks; 13. From Menger to Hayek: the (re)making of the Austrian School; 1 Introduction; 2 Carl Menger and the slippage from marginalism; 3 The formation of the Austrian School: Böhm-Bawerk and Wieser; 4 Leaving marginalism behind: from Mises' praxeology ...; 5 ... To Hayek's spontaneous orders; 6 Concluding remarks

14. From Keynes to general equilibrium: short- and long-run revolutions in economic theory

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [327]-355) and indexes.

Description based on metadata supplied by the publisher and other sources.

ISBN:

1-134-09943-6

1-134-09944-4

1-281-93222-1

9786611932220

0-203-88711-5

9780203887110

OCLC:

437241854