IDEAS home Printed from
   My bibliography  Save this paper

The paths of classical political economy and Walrasian economics through Bowles and Gintis’ rendering of post Walrasian economics


  • John H. Finch

    (Department of Economics, University of Aberdeen, Scotland)

  • Robert McMaster

    (Department of Economics, University of Aberdeen, Scotland)


Bowles and Gintis have, over the last twenty-five years, contributed to a Post Walrasian approach to economics drawing upon this in making policy recommendations concerning institutional design and the distribution of productive resources in society. We establish that Post Walrasian Economics is a broadly coherent system of thought, with two distinct phases, contested exchange and evolution, that Bowles and Gintis consider addresses what they term as Walras’ fiction, i.e., the Walrasian system only offers a relationship between ‘things’ as opposed to humans. Nevertheless, we argue that they perpetrate their own fiction through an inherently reductionist framework.

Suggested Citation

  • John H. Finch & Robert McMaster, 2005. "The paths of classical political economy and Walrasian economics through Bowles and Gintis’ rendering of post Walrasian economics," SCEME Working Papers: Advances in Economic Methodology 009/2005, SCEME.
  • Handle: RePEc:sti:wpaper:009/2005

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    contested-exchange; equilibrium; post-Walrasian; power; trust;

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • P10 - Economic Systems - - Capitalist Systems - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sti:wpaper:009/2005. 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: (Matthias Klaes) The email address of this maintainer does not seem to be valid anymore. Please ask Matthias Klaes to update the entry or send us the correct email address. General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.