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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.

Suggested Citation

  • 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
    DOI: 10.1111/j.1468-0335.2007.00660.x
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    References listed on IDEAS

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    1. Morishima,Michio, 1992. "Capital and Credit," Cambridge Books, Cambridge University Press, number 9780521418409.
    2. Morishima, Michio, 1974. "Marx in the Light of Modern Economic Theory," Econometrica, Econometric Society, vol. 42(4), pages 611-632, July.
    3. Vivian Walsh, 2003. "Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 15(3), pages 315-394.
    4. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
    5. Amartya Sen, 2005. "Walsh on Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 107-113.
    6. Michio Morishima, 2000. "Japan at a Deadlock," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-51216-0.
    7. 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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    2. 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.
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