Bringing the Social Back into Economies: Progress or Reductionism?
Section 2 of this paper suggests that economics has long sought to colonise other social sciences. It has, however, only achived limites success because of its alien methods and its need to take the social as given. Section 3 argues that there is now a newer version of economic imperialism drawing upon the new microfoundation principles associated with information imperfections. In view of rational response to market imperfections, these purport to be able to explain the social whether the latter be non-economic or collective forms of behaviour. Section 4 presents illustrations of the way in which imperialism is bringing the social back into its analysis, drawing in broad brush rather than detail upon the new economic sociology, the new institutional economics, the new economic history, the new development economics, and the all-embracing notion of social capital.
|Date of creation:||2000|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia|
Phone: +61 3 8344 5355
Fax: +61 3 8344 6899
Web page: http://fbe.unimelb.edu.au/economics
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- North, D-C, 1997. "The Process of Economic Change," Research Paper 128, World Institute for Development Economics Research.
- Nicholas Crafts, 2000. "Development history," Economic History Working Papers 22384, London School of Economics and Political Science, Department of Economic History.
- Ingham, Geoffrey, 1996. "Some Recent Changes in the Relationship between Economics and Sociology," Cambridge Journal of Economics, Oxford University Press, vol. 20(2), pages 243-75, March.
- Hirshleifer, Jack, 1985. "The Expanding Domain of Economics," American Economic Review, American Economic Association, vol. 75(6), pages 53-68, December.
- Stiglitz, Joseph E, 1989. "Markets, Market Failures, and Development," American Economic Review, American Economic Association, vol. 79(2), pages 197-203, May.
- Dixon, R., 1999. "The Origin of the Term "Dismal Science" to Describe Economics," Department of Economics - Working Papers Series 715, The University of Melbourne.
- Robert Gibbons, 1997.
"An Introduction to Applicable Game Theory,"
NBER Technical Working Papers
0199, National Bureau of Economic Research, Inc.
- Joseph E. Stiglitz, 1996. "Whither Socialism?," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691825, December.
- Peter Temin, 1991. "Inside the Business Enterprise: Historical Perspectives on the Use of Information," NBER Books, National Bureau of Economic Research, Inc, number temi91-1, September.
- Naomi R. Lamoreaux & Daniel M. G. Raff, 1995. "Coordination and Information: Historical Perspectives on the Organization of Enterprise," NBER Books, National Bureau of Economic Research, Inc, number lamo95-1, September.
- Frank Hahn & Robert Solow, 1997. "A Critical Essay on Modern Macroeconomic Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 026258154x, December.
- Naomi R. Lamoreaux & Daniel M. G. Raff & Peter Temin, 1999. "Learning by Doing in Markets, Firms, and Countries," NBER Books, National Bureau of Economic Research, Inc, number lamo99-1, September.
- Naomi R. Lamoreaux & Daniel Raff, 1995. "Introduction: History and Theory in Search of One Another," NBER Chapters, in: Coordination and Information: Historical Perspectives on the Organization of Enterprise, pages 1-10 National Bureau of Economic Research, Inc.
- Krugman, Paul, 1998. "Two Cheers for Formalism," Economic Journal, Royal Economic Society, vol. 108(451), pages 1829-36, November.
- Arrow, Kenneth J, 1994. "Methodological Individualism and Social Knowledge," American Economic Review, American Economic Association, vol. 84(2), pages 1-9, May.
- J. Stiglitz, 1998. "More Instruments and Broader Goals: Moving toward the PostWashington Consensus," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
- Edward P. Lazear, 1999. "Economic Imperialism," NBER Working Papers 7300, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:mlb:wpaper:731. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Katherine Perez)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.