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Political Economy and Economics: Criticism of Attitudes towards Similarities and Differences between Them

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  • Kamen Mirkovich

Abstract

This paper presents a detailed criticism of U. M. Ossipov’s thesis concerning the science of Economics, which he claims to be drifting away from its subject and who, in that connection, advocates the return of economic science to its classical and philosophical foundations. A constructive criticism of Ossipov's thesis is offered, and the need for synthesizing economics and political economy into theoretical economy is substantiated. In it, besides the theory of marginal utility, there must also be developed the theory of marginal value, and they should be given equal standing in economic science.

Suggested Citation

  • Kamen Mirkovich, 2004. "Political Economy and Economics: Criticism of Attitudes towards Similarities and Differences between Them," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 66-95.
    • Handle: RePEc:bas:econth:y:2004:i:7:p:66-95
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    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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