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Ideology, power, and progress: Economics and its dilemmas

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  • Richard Sturn

    (Institute of Public Economics, University of Graz, Universitätsstr. 15, 8010 Graz, Austria)

Abstract

The complex co-evolution of economics as a scientific discipline is accompanied by two dilemmas which are reflecting ambivalent effects of two ideologies: economism and scientism. Economics may go wrong when certain tendencies occasioned by those inevitable “ideological” influences are ignored. Pertinent problems include pseudo-rationalist conceptions of policy advice and the failure to deal with the limited status of partial analysis and abstractive dichotomies (notably allocation – distribution), the status of core concepts such as scarcity, instrumental rationality, exchange, and contract, as well as the related abstraction from power, distribution, and human sociality relevant for non-contractual interaction in various spheres of social life, including the market economy.

Suggested Citation

  • Richard Sturn, 2022. "Ideology, power, and progress: Economics and its dilemmas," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 72(s1), pages 81-105, July.
    • Handle: RePEc:aka:aoecon:v:72:y:2022:i:s1:p:81-105
    DOI: 10.1556/032.2022.00020
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    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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