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What is Economic Action? From Marshall and Robbins to Polanyi and Becker

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  • Khalil, Elias L.

Abstract

In the past three decades economics has entered a new phase in its development. The new stage did not involve a revolutionary change of basic tools as occurred with the triumph of neoclassical economics at the turn of the twentieth century and Keynesian economics in the post World War II era. Rather the recent mutation involves the introduction of economic tools of analysis into areas which have traditionally been part of contiguous disciplines. The invasion of economics came to be referred to, even by its enthusiasts (e.g., Stigler 1984; Radnitzky and Bernholz 1986), as “economics imperialism.”

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  • Khalil, Elias L., 1996. "What is Economic Action? From Marshall and Robbins to Polanyi and Becker," Journal of the History of Economic Thought, Cambridge University Press, vol. 18(1), pages 13-36, April.
    • Handle: RePEc:cup:jhisec:v:18:y:1996:i:01:p:13-36_00
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    Cited by:

    1. Elias Khalil, 1999. "Institutions, Naturalism and Evolution," Review of Political Economy, Taylor & Francis Journals, vol. 11(1), pages 61-81.
    2. Khalil, Elias L., 2004. "What is altruism?," Journal of Economic Psychology, Elsevier, vol. 25(1), pages 97-123, February.
    3. Khalil, Elias L., 1996. "Respect, admiration, aggrandizement: Adam Smith as economic psychologist," Journal of Economic Psychology, Elsevier, vol. 17(5), pages 555-577, November.
    4. Khalil, Elias L., 1999. "Sentimental fools: a critique of Amartya Sen's notion of commitment," Journal of Economic Behavior & Organization, Elsevier, vol. 40(4), pages 373-386, December.
    5. Jérôme Maucourant, 2011. "The ambiguous birth of political economy : Montchrestien vs. Cantillon," Working Papers halshs-01016945, HAL.
    6. Khalil, Elias L., 2004. "What is altruism? A reply to critics," Journal of Economic Psychology, Elsevier, vol. 25(1), pages 141-143, February.
    7. Elias L. Khalil, 2022. "Solving the income-happiness paradox," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(3), pages 433-463, September.

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