IDEAS home Printed from https://ideas.repec.org/p/por/fepwps/476.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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).

Suggested Citation

  • Mário Graça Moura & António Almodovar, 2012. "Political Economy And The ‘Modern View’ As Reflected In The History Of Economic Thought," FEP Working Papers 476, Universidade do Porto, Faculdade de Economia do Porto.
    • Handle: RePEc:por:fepwps:476
    as

    Download full text from publisher

    File URL: http://www.fep.up.pt/investigacao/workingpapers/wp476.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. William Oliver Coleman, 2002. "Economics and Its Enemies," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-4039-1435-4.
    2. John B. Davis, 2008. "The turn in recent economics and return of orthodoxy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(3), pages 349-366, May.
    3. Tony Lawson, 2006. "The nature of heterodox economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(4), pages 483-505, July.
    4. Manuela Mosca, 2005. "De Viti de Marco, historian of economic analysis," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 12(2), pages 241-259.
    Full references (including those not matched with items on IDEAS)

    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. Michele Di Maio, 2013. "Are Mainstream and Heterodox Economists Different? An Empirical Analysis," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1315-1348, November.
    2. Røpke, Inge, 2020. "Econ 101—In need of a sustainability transition," Ecological Economics, Elsevier, vol. 169(C).
    3. Gul, Ejaz & Chaudhry, Imran Sharif & Faridi, Muhammad Zahir, 2014. "The Classical-Keynesian Paradigm: Policy Debate in Contemporary Era," MPRA Paper 53920, University Library of Munich, Germany.
    4. Fusari, Angelo, 2014. "The Contrast between Mainstream and Heterodox Economics: A Misleading Controversy—“Necessary” System versus “Natural” System," MPRA Paper 60097, University Library of Munich, Germany, revised Jul 2014.
    5. Lynne Chester, 2019. "Judging Heterodox Economics: A Response to Hodgson's Criticisms," Economic Thought, World Economics Association, vol. 8(1), pages 1-21, June.
    6. William A. Jackson, 2018. "Strategic Pluralism and Monism in Heterodox Economics," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 237-251, June.
    7. 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.
    8. Ricardo Crespo, 2021. "Teaching the philosophical grounding of economics to economists: a 10 years' experience," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 14(1-2), pages 218-226, November.
    9. Wallace, Rodrick & Fullilove, Robert E., 2014. "State policy and the political economy of criminal enterprise: mass incarceration and persistent organized hyperviolence in the USA," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 17-31.
    10. Spash, Clive L. & Ryan, Anthony M., 2010. "Ecological, Heterodox and Neoclassical Economics: Investigating the Differences," MPRA Paper 26292, University Library of Munich, Germany.
    11. Vinca Bigo, 2006. "Open and closed systems and the Cambridge School," Review of Social Economy, Taylor & Francis Journals, vol. 64(4), pages 493-514.
    12. Fontana, Magda, 2010. "Can neoclassical economics handle complexity? The fallacy of the oil spot dynamic," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 584-596, December.
    13. Pessali, Huascar & Berger, Bruno, 2010. "A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto lakatoseano [Prospect theory and preference change in the mainstream of economics: a Lakatosian prospect]," MPRA Paper 26104, University Library of Munich, Germany.
    14. Klaus Mohn, 2010. "Autism in Economics? A Second Opinion," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(2), pages 191-208, July.
    15. S M Amadae, 2020. "Life without Virtue: Economists Rule. Review essay of Dani Rodrik’s Economics Rules," Economic Issues Journal Articles, Economic Issues, vol. 25(2), pages 51-70, September.
    16. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    17. Ambrosino, Angela & Fontana, Magda & Gigante, Anna Azzurra, 2015. "Shifting Boundaries in Economics: the Institutional Cognitive Strand," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201544, University of Turin.
    18. Mohun, Simon & Veneziani, Roberto, 2010. "Reorienting economics?," MPRA Paper 30448, University Library of Munich, Germany.
    19. Stavros A. Drakopoulos, 2020. "Pay Level Comparisons in Job Satisfaction Research and Mainstream Economic Methodology," Journal of Happiness Studies, Springer, vol. 21(3), pages 825-842, March.
    20. Rashedur Chowdhury, 2023. "Misrepresentation of Marginalized Groups: A Critique of Epistemic Neocolonialism," Journal of Business Ethics, Springer, vol. 186(3), pages 553-570, September.

    More about this item

    Keywords

    : History of Economic Thought; Methodology; Classical Economics.;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:por:fepwps:476. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/fepuppt.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.