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Mythologizing in Economics: Of Utopias and Dystopias

In: Imagine, Studying the Relationship between Social and Solidarity Economy (SSE) and Imaginary in the Era of Capitalocene

Author

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  • Jerome Nikolai WARREN

    (University of Cologne, Goethe-University Frankfurt, Germany)

Abstract

This contribution seeks to situation mainstream economic theory with respect to Rudolf Bultmann’s concept of “de-mythologizing”. Applying this concept, together with Cornelius Castoriadis’ discussion around “instituting” vs. “instituted” societies, the chapter argues that neoclassical economics is in fact a dystopia. In order to move beyond its influence, scholars and practitioners must together develop economic and management theories lodged in the lived experiences of the diversity of organizational types in existence, including cooperatives. This applies both in the study of contemporary firms, as well as in historiography, where an “archaeology of knowledge” is needed to uncover hidden or lost traditions of community-oriented wealth-building. It suggests three lines of future research to realize this aim.

Suggested Citation

  • Jerome Nikolai WARREN, 2024. "Mythologizing in Economics: Of Utopias and Dystopias," CIRIEC Studies Series, in: Alexandrine LAPOUTTE & Timothée DUVERGER & Eric DACHEUX & CIRIEC (ed.), Imagine, Studying the Relationship between Social and Solidarity Economy (SSE) and Imaginary in the Era of Capitalocene, volume 6, chapter 9, pages 149-161, CIRIEC - Université de Liège.
  • Handle: RePEc:crc:chapte:6-09
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    More about this item

    Keywords

    economics; economic history; management theory; theory of the firm; social enterprise; cooperatives;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)

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