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Институциональный Подход В Экономической Науке И К Экономической Науке
[The institutional approach in economics and to economics]

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  • Yefimov, Vladimir

Abstract

The article attempts to justify an alternative to conventional methodology of economics, as well as make a corresponding revision of the history of this discipline. Historical analysis is based in particular on the autobiographies and biographies of key personages in the history of the professionalization and institutionalization of economics. It explains why the discipline in its orthodox version, and for the most unorthodox directions, is cognitively sterile and socio-economico-politically very harmful. The article can be seen as a manifesto which calls for a radical change in the discipline. As a manifesto, it probably could be called "Economics: from repentance and resurrection", that is, I suggest to economists to repent of the harm that this discipline has brought and on the basis of this reflection to revive it in a different methodological framework that is able to make economics socially useful.

Suggested Citation

  • Yefimov, Vladimir, 2009. "Институциональный Подход В Экономической Науке И К Экономической Науке [The institutional approach in economics and to economics]," MPRA Paper 48718, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48718
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    References listed on IDEAS

    as
    1. Nicolai J. Foss & Giampaolo Garzarelli, 2007. "Institutions as knowledge capital: Ludwig M. Lachmann's interpretative institutionalism," Cambridge Journal of Economics, Oxford University Press, vol. 31(5), pages 789-804, September.
    2. Brousseau,Éric & Glachant,Jean-Michel (ed.), 2008. "New Institutional Economics," Cambridge Books, Cambridge University Press, number 9780521876605.
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    4. Yefimov, Vladimir M., 1981. "Gaming-simulation of the functioning of economic systems," Journal of Economic Behavior & Organization, Elsevier, vol. 2(2), pages 187-200, June.
    5. Keith Tribe, 2002. "Historical Schools of Economics: German and English," Method and Hist of Econ Thought 0211002, University Library of Munich, Germany.
    6. Brousseau,Éric & Glachant,Jean-Michel (ed.), 2008. "New Institutional Economics," Cambridge Books, Cambridge University Press, number 9780521700160.
    7. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521436038.
    8. Charles J. Whalen, 2008. "John R. Commons and John Maynard Keynes on Economic History and Policy: The 1920s and Today," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(1), pages 225-242, March.
    9. McCloskey,Deirdre N., 1994. "Knowledge and Persuasion in Economics," Cambridge Books, Cambridge University Press, number 9780521434751.
    10. Hall, Peter A. & Taylor, Rosemary C. R., 1996. "Political science and the three new institutionalisms," MPIfG Discussion Paper 96/6, Max Planck Institute for the Study of Societies.
    11. Schmidt, Vivien A., 2002. "The Futures of European Capitalism," OUP Catalogue, Oxford University Press, number 9780199253685.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    institutional approach in economics; institutional approach towards economics; constructivist methodology; history of economics reconsidered;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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