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Political economy and economics: criticism of the attitudes to and positions on what is common and what is different between them

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  • Kamen Mirkovich

Abstract

This article offers a detailed presentation of the criticism by J.M. Ossipov on the discipline of economics, which, as he considers, is breaking off from its subject, and in connection with this, he advocates the return of the economic science back to its classical and philosophical foundations. A constructive criticism is made on the Ossipov's thesis, by giving proof of the necessity of synthesis between economics and political economy, resulting into theoretical economy. In it, in addition to the theory of utmost utility, the theory of utmost value must be elaborated, and each of the two must take an equivalent place in the economic science.

Suggested Citation

  • Kamen Mirkovich, 2003. "Political economy and economics: criticism of the attitudes to and positions on what is common and what is different between them," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-35.
    • Handle: RePEc:bas:econth:y:2003:i:4:p:3-35
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    More about this item

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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