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Can the Capability Approach be Evaluated within the Frame of Mainstream Economics? A Methodological Analysis

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  • Hatice Karaçay Çakmak

    () (Hacettepe University, Turkey)

Abstract

The aim of this article is to examine the capability approach of Amartya Sen and mainstream economic theory in terms of their epistemological, methodological and philosophical/cultural aspects. The reason for undertaking this analysis is the belief that Sen’s capability approach, contrary to some economists’ claim, is uncongenial to mainstream economic views on epistemology and methodology (not on ontologically). However, while some social scientists regard that Sen, on the whole, is a mainstream economist, his own approach strongly criticizes both the theory and practice of mainstream economics.

Suggested Citation

  • Hatice Karaçay Çakmak, 2010. "Can the Capability Approach be Evaluated within the Frame of Mainstream Economics? A Methodological Analysis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 57(1), pages 85-99, March.
  • Handle: RePEc:voj:journl:v:57:y:2010:i:1:p:85-99
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    References listed on IDEAS

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    1. Geoffrey M. Hodgson, 2007. "Meanings of methodological individualism," Journal of Economic Methodology, Taylor & Francis Journals, vol. 14(2), pages 211-226.
    2. Des Gasper & Irene van Staveren, 2003. "DEVELOPMENT AS FREEDOM v - v AND AS WHAT ELSE?," Feminist Economics, Taylor & Francis Journals, vol. 9(2-3), pages 137-161.
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    Cited by:

    1. Tomas Zelinsky, 2012. "Changes in Relative Material Deprivation in Regions of Slovakia and the Czech Republic," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(3), pages 335-353, June.

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    More about this item

    Keywords

    Amartya Sen; Mainstream economics; Methodological individualism.;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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