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Implementation of the Evolutionary-Genetic Methodology in the Mechanisms of Synthesis of Economic Theory

In: Consequences of Social Transformation for Economic Theory

Author

Listed:
  • Olga Brizhak

    (Financial University Under the Government of the Russian Federation)

  • Svetlana Gladkaya

    (Southern Federal University)

  • Evgeny Martishin

    (South Russian State Polytechnic University)

Abstract

The article reveals the evolutionary-genetic mechanism of the modern systemic synthesis of a number of economic theory areas, including conservative and liberal approaches, mainstream and political economy, orthodoxy and unorthodox economic theory, institutionalism and evolutionary economics, etc. The tools of the research methodology are evolutionary-genetic mechanisms, the logical-semiotic nature of economic genes and the genotype of the system, genotypic concepts and their frames, other gene categories, as well as a block-modular approach. The primary module of the economic genotype forms the “hereditary program” of the secondary module−economic concepts, logical judgments and conclusions, decision-making, as well as the main stages of the economic system evolution and economic teachings. Classical political economy forms the evolutionary foundation of modern economic theory system logics. The concepts of the value paradigm are a prerequisite for the functioning of subsequent paradigms. The secondary module is based on a logical-structural approach. The second system block is formed with the help of economic genetic mechanisms of morphogenesis, replication, transcription and translation. Stochastic factor analysis methods are used. Conservatism and liberalism are manifested in modern Keynesian and classical approaches. Theories of motivation have their genetic basis descriptors-categories. The genetic unity of economic theory directions is substantiated due to the identity of its original subject, the relations between the main spheres of economic theory.

Suggested Citation

  • Olga Brizhak & Svetlana Gladkaya & Evgeny Martishin, 2023. "Implementation of the Evolutionary-Genetic Methodology in the Mechanisms of Synthesis of Economic Theory," Springer Proceedings in Business and Economics, in: Vikas Kumar & Evgeny Kuzmin & Wei-Bin Zhang & Yuliya Lavrikova (ed.), Consequences of Social Transformation for Economic Theory, pages 35-49, Springer.
  • Handle: RePEc:spr:prbchp:978-3-031-27785-6_3
    DOI: 10.1007/978-3-031-27785-6_3
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    More about this item

    Keywords

    Synthesis in economic theory; Evolutionary genetics;

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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