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Political Economy And The ‘Modern View’ As Reflected In The History Of Economic Thought

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  • Mário Graça Moura

    ()
    (FEP.UP)

  • António Almodovar

    ()
    (FEP.UP)

Abstract

This paper focuses on the gradual decomposition of classical political economy and its transformation into ‘economics’, a process which was to culminate in the conception of ‘theory’ as a mere engine of analysis. Why exactly did modern ‘economics’ become accepted? What was meant to be achieved – and was it? And why did some writers reject both old political economy and modern economics? We intend to contribute to an understanding of these issues by analysing a set of representative histories of economic ideas from this period: those by Luigi Cossa (1880), John Kells Ingram (1915, originally published in 1888), and Charles Gide and Charles Rist (1915).

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Bibliographic Info

Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 476.

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Length: 34 pages
Date of creation: Dec 2012
Date of revision:
Handle: RePEc:por:fepwps:476

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Keywords: : History of Economic Thought; Methodology; Classical Economics.;

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  1. Tony Lawson, 2006. "The nature of heterodox economics," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 30(4), pages 483-505, July.
  2. Manuela Mosca, 2005. "De Viti de Marco, historian of economic analysis," The European Journal of the History of Economic Thought, Taylor & Francis Journals, Taylor & Francis Journals, vol. 12(2), pages 241-259.
  3. John B. Davis, 2008. "The turn in recent economics and return of orthodoxy," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 32(3), pages 349-366, May.
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