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Political economy and the ‘modern view’ as reflected in the history of economic thought

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  • Mário Graça Moura
  • António Almodovar

Abstract

This paper focuses on the transition from classical political economy to ‘modern’ economics, a central aspect of which is the ascent of the conception of ‘theory’ as a mere instrument of research. We analyse how this transitional phase was perceived and interpreted in representative, more or less contemporaneous histories of economic thought: those by Luigi Cossa in 1880, by John Kells Ingram in 1915 (originally published in 1888), and by Charles Gide and Charles Rist in 1915. Despite their differences, all authors share the same conception of the structure of scientific laws, as well as the view that economics must be separated from liberalism.

Suggested Citation

  • Mário Graça Moura & António Almodovar, 2016. "Political economy and the ‘modern view’ as reflected in the history of economic thought," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 23(1), pages 59-81, February.
    • Handle: RePEc:taf:eujhet:v:23:y:2016:i:1:p:59-81
    DOI: 10.1080/09672567.2013.825000
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    References listed on IDEAS

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    1. William Oliver Coleman, 2002. "Economics and Its Enemies," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-4039-1435-4, December.
    2. Tony Lawson, 2006. "The nature of heterodox economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(4), pages 483-505, July.
    3. Manuela Mosca, 2005. "De Viti de Marco, historian of economic analysis," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 12(2), pages 241-259.
    4. John B. Davis, 2008. "The turn in recent economics and return of orthodoxy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(3), pages 349-366, May.
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    More about this item

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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