IDEAS home Printed from https://ideas.repec.org/a/bla/scotjp/v44y1997i4p368-383.html
   My bibliography  Save this article

The Scottish Political Economy Tradition and Modern Economics

Author

Listed:
  • Alexander Dow
  • Sheila Dow
  • Alan Hutton

Abstract

The purpose of this article is to re‐examine the notion of a Scottish tradition in political economy in the light of recent developments in the methodology of economics. Consideration is given to the concept of tradition itself, which puts the focus on approach to theorising and the relationship between theory and reality rather than theoretical content. It is argued that the Scottish approach provided the foundations for much of modern political economy. Further, modern discussion of constructivism and critical realism can both be seen to have precedents in the Scottish tradition. Indeed the Scottish political economy tradition provides an exemplar of a constructive blending of the two strands.

Suggested Citation

  • Alexander Dow & Sheila Dow & Alan Hutton, 1997. "The Scottish Political Economy Tradition and Modern Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(4), pages 368-383, September.
    • Handle: RePEc:bla:scotjp:v:44:y:1997:i:4:p:368-383
    DOI: 10.1111/1467-9485.00065
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9485.00065
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9485.00065?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Marc Lavoie, 1992. "Foundations of Post-Keynesian Economic Analysis," Books, Edward Elgar Publishing, number 275.
    2. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521436038.
    3. Philip Arestis, 1992. "The Post-Keynesian Approach to Economics," Books, Edward Elgar Publishing, number 16.
    4. Skinner, Andrew S, 1981. "Sir James Steuart: Author of a System," Scottish Journal of Political Economy, Scottish Economic Society, vol. 28(1), pages 20-42, February.
    5. Sheila C. Dow, 2012. "Mainstream Economic Methodology," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 7, pages 105-128, Palgrave Macmillan.
    6. Dow, Sheila C, 1987. "The Scottish Political Economy Tradition," Scottish Journal of Political Economy, Scottish Economic Society, vol. 34(4), pages 335-348, November.
    7. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521434751.
    8. A. Skinner, 1965. "Economics And History-The Scottish Enlightenment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 12(1), pages 1-22, February.
    9. Skinner, Andrew S, 1979. "Adam Smith: An Aspect of Modern Economics?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 26(2), pages 109-125, June.
    10. Sheila C. Dow, 2012. "Beyond Dualism," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 4, pages 52-71, Palgrave Macmillan.
    11. Sofianou, Evanthia, 1995. "Post-modernism and the Notion of Rationality in Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(3), pages 373-389, June.
    12. Stettler, Michael, 1995. "The Rhetoric of McCloskey's Rhetoric of Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(3), pages 391-403, June.
    13. Winch Donald, 1997. "Adam Smith’s Problems and Ours," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(4), pages 384-402, September.
    14. Mäki, Uskali, 1988. "How to Combine Rhetoric and Realism in the Methodology of Economics," Economics and Philosophy, Cambridge University Press, vol. 4(1), pages 89-109, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Flavio Comim, 2002. "The Scottish Tradition in Economics and the Role of Common Sense in Adam Smith's Thought," Review of Political Economy, Taylor & Francis Journals, vol. 14(1), pages 91-114.
    2. repec:hal:journl:dumas-00910208 is not listed on IDEAS
    3. John Finch, 2000. "Is post-Marshallian economics an evolutionary research tradition?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(3), pages 377-406.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrew Mearman, 2010. "What is this thing called ‘heterodox economics’?," Working Papers 1006, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    2. Ioana Negru, 2013. "Revisiting the Concept of Schools of Thought in Economics: The Example of the Austrian School," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(4), pages 983-1008, October.
    3. Claus Dierksmeier, 2011. "The Freedom–Responsibility Nexus in Management Philosophy and Business Ethics," Journal of Business Ethics, Springer, vol. 101(2), pages 263-283, June.
    4. Graupe, Silja & Steffestun, Theresa, 2018. ""The market deals out profit and losses": Wie ökonomische Standardlehrbücher das unreflektierte Denken in Metaphern fördern," Working Paper Series Ök-38, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.
    5. McCloskey Deirdre Nansen, 2018. "The Two Movements in Economic Thought, 1700–2000: Empty Economic Boxes Revisited," Man and the Economy, De Gruyter, vol. 5(2), pages 1-20, December.
    6. Rod O'Donnell, 2006. "Keynes's Principles of Writing (Innovative) Economics," The Economic Record, The Economic Society of Australia, vol. 82(259), pages 396-407, December.
    7. Warren Samuels, 1995. "Some thoughts on multiplicity," Journal of Economic Methodology, Taylor & Francis Journals, vol. 2(2), pages 287-292.
    8. Yalcintas, Altug, 2012. "İktisat doga bilimlerinin Mekke’si mi oluyor?: Toplumsal ve doga bilimleri iliskisi uzerine bir atıf analizi [Is economics becoming the Mecca of Biology?: A citation analysis of the relationship be," MPRA Paper 43493, University Library of Munich, Germany.
    9. Simon Mohun, 1999. "Markets, Money and Ideology," Working Papers 402, Queen Mary University of London, School of Economics and Finance.
    10. David C. Batten, 1999. "The Mismatch Argument: The Construction of a Housing Orthodoxy in Australia," Urban Studies, Urban Studies Journal Limited, vol. 36(1), pages 137-151, January.
    11. Spencer, David A, 2000. "The Demise of Radical Political Economics? An Essay on the Evolution of a Theory of Capitalist Production," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(5), pages 543-564, September.
    12. Andrew Yuengert, 2006. "Model selection and multiple research goals: The case of rational addiction," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(1), pages 77-96.
    13. Wilfred Dolfsma & Patrick J. Welch, 2009. "Paradigms and Novelty in Economics: The History of Economic Thought as a Source of Enlightenment," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(5), pages 1085-1106, November.
    14. Mary Morgan, 2001. "Models, stories and the economic world," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(3), pages 361-384.
    15. Louis-Philippe Rochon & Sergio Rossi, 2013. "Endogenous money: the evolutionary versus revolutionary views," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(2), pages 210-229, January.
    16. Michael Perelman, 2011. "Retrospectives: X-Efficiency," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 211-222, Fall.
    17. Deirdre Nansen McCloskey, 2019. "Lachmann practiced humanomics, beyond the dogma of behaviorism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 47-61, March.
    18. Irmi Seidl & Clement A Tisdell & Steve Harrison, 2002. "Environmental Regulation of Land Use and Public Compensation: Principles, and Swiss and Australian Examples," Environment and Planning C, , vol. 20(5), pages 699-716, October.
    19. Hugh Rockoff, 1998. "By Way of Analogy: The Expansion of the Federal Government in the 1930s," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 125-154, National Bureau of Economic Research, Inc.
    20. Peter Maskell & Mark Lorenzen, 2004. "The Cluster as Market Organisation," Urban Studies, Urban Studies Journal Limited, vol. 41(5-6), pages 991-1009, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:scotjp:v:44:y:1997:i:4:p:368-383. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sesssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.