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From Economics to Political Economy: Contradictions, Challenge, and Change

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  • Frank Stilwell

Abstract

The nature of the challenge to mainstream economics needs to be carefully considered. This article presents an overview of the challenge, emphasizing that it is not just a matter of heterodox economists developing non‐neoclassical economic theories. The embrace of a pluralist method and pedagogy is equally significant. The development of a transdisciplinary approach adds further to the breadth of the challenge. Weaving these elements together as political economy provides an alternative paradigm to mainstream economics. Extending its influence requires focus on adult education, the media, and public policy, as well as sustained efforts within universities.

Suggested Citation

  • Frank Stilwell, 2019. "From Economics to Political Economy: Contradictions, Challenge, and Change," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 35-62, January.
    • Handle: RePEc:bla:ajecsc:v:78:y:2019:i:1:p:35-62
    DOI: 10.1111/ajes.12259
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    References listed on IDEAS

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    1. Stilwell, Frank, 1988. "Contemporary Political Economy: Common and Contested Terrain," The Economic Record, The Economic Society of Australia, vol. 64(184), pages 14-25, March.
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    Cited by:

    1. Paolo Paesani, 2021. "Review of Sergio Cesaratto, "Heterodox Challenges in Economics: Theoretical Issues and the Crisis of the Eurozone", Berlin: Springer, 2020," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 55(2), pages 379-384, December.
    2. Gusti Ayu Made Suartika & Alexander Cuthbert, 2020. "The Sustainable Imperative—Smart Cities, Technology and Development," Sustainability, MDPI, vol. 12(21), pages 1-15, October.
    3. Giovanni Ferri, 2022. "General overview of the first 50 years of Economic Notes, 1972–2021," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(S1), December.

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