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The Discipline of Economics

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  • AMARTYA SEN

Abstract

This is the text of the first Morishima Lecture at the LSE, and it investigates in particular two distinct priorities that are both important for the discipline of economics. One priority is that of "separation" with a focus on segregating distinct questions sharply, and then analyzing them separately. A very different priority is that of "integration" which looks particularly for interrelations between distinct issues. It is argued, with illustrations, that some of the major battles within the methodology of economics have been connected with the conflicting priorities of the two. The discipline, however, needs both. Copyright (c) The London School of Economics and Political Science 2008.

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  • Amartya Sen, 2008. "The Discipline of Economics," Economica, London School of Economics and Political Science, vol. 75(300), pages 617-628, November.
  • Handle: RePEc:bla:econom:v:75:y:2008:i:300:p:617-628
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    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0335.2007.00660.x
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    References listed on IDEAS

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    1. Morishima, Michio, 1974. "Marx in the Light of Modern Economic Theory," Econometrica, Econometric Society, vol. 42(4), pages 611-632, July.
    2. Vivian Walsh, 2003. "Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 15(3), pages 315-394.
    3. Amartya Sen, 2005. "Walsh on Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 107-113.
    4. Morishima, Michio, 1978. ""Marx in the Light of Modern Economic Theory": A Reply," Econometrica, Econometric Society, vol. 46(5), pages 1243-1243, September.
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    Cited by:

    1. Shintaro Tamate, 2015. "External Norms and Systematically Observed Norms," The Japanese Economic Review, Japanese Economic Association, vol. 66(2), pages 247-259, June.
    2. Henk Folmer & Olof Johansson-Stenman, 2011. "Does Environmental Economics Produce Aeroplanes Without Engines? On the Need for an Environmental Social Science," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(3), pages 337-361, March.
    3. Bartkowski, Bartosz & Lienhoop, Nele, 2016. "Beyond rationality, towards reasonableness: Deliberative monetary valuation and Amartya Sen’s approach to rationality," 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK 236292, Agricultural Economics Society.
    4. Glauben, Thomas & Herzfeld, Thomas & Rozelle, Scott & Wang, Xiaobing, 2012. "Persistent Poverty in Rural China: Where, Why, and How to Escape?," World Development, Elsevier, vol. 40(4), pages 784-795.
    5. Rehme, Günther, 2014. "Endogenous (re-)distributive policies and economic growth: A comparative static analysis," Economic Modelling, Elsevier, vol. 40(C), pages 355-366.

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