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Mainstream economics and the Austrian school [PDF]

open access: diamondErasmus Journal for Philosophy and Economics, 2017
In this paper, I compare the methodology of the Austrian school to two alternative methodologies from the economic mainstream: the 'orthodox' and revealed preference methodologies. I argue that Austrian school theorists should stop describing themselves
Adam K. Pham
doaj   +6 more sources

The changing face of mainstream economics [PDF]

open access: yesReview of Political Economy, 2004
This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something new. Although that something new has not been fully developed, it is beginning to take form and is centered on dynamics, recursive methods and complexity theory.
David Colander, Ric Holt, Barkley Rosser
openaire   +3 more sources

Invisible Ideology of Mainstream Economics: The “Invisible Hand”

open access: hybridWorld Review of Political Economy, 2014
The purpose of this article is to show the ideological character of the “invisible hand,” which is the cornerstone of the mainstream economics. The article discusses how the “invisible hand” acts as a cognitive metaphor in mainstream ...
Kavous Ardalan
doaj   +2 more sources

Old Institutionalism Vs. Mainstream Economics: An Intellectual [PDF]

open access: greenFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2015
In the arena of Economic thought, there has always been some intellectual confrontation between the two major economic schools, i.e. Institutionalism and Neoclassical economics.
Mahmoud Mashhadi-Ahmad
doaj   +1 more source

Interdependent preferences and policy stances in mainstream economics

open access: diamondErasmus Journal for Philosophy and Economics, 2009
An individual's preferences are interdependent when they can be influenced by the behaviour of other agents. This paper analyzes the internal dynamics of an approach in contemporary economics allowing for interdependent preferences, the extended utility
François Claveau
doaj   +3 more sources

What Mainstream Economics Should Learn From the Ethics of Care

open access: diamondŒconomia, 2018
In the long history of philosophical ethics, the emergence of an ethics of care is a recent phenomenon. At its root lies a conception of human behavior that diverges from those prevailing in mainstream economics.
Jérôme Ballet   +2 more
doaj   +2 more sources

Comparative economics and the mainstream

open access: diamondEconomics and Business Review, 2017
This essay reviews the complex love-hate relationship between comparative economics, as represented by its most outstanding representative, János Kornai, and mainstream economics, based on rational expectations and general equilibrium theorizing, as represented by Kenneth Arrow and his disciples Paul Samuelson, Olivier Blanchard and the New Keynesian ...
László Csaba
openalex   +3 more sources

Economic Thought, Foundational Problems of Mainstream Economics and the Alternative of Islamic Economics

open access: greenInternational Journal of Islamic Economics and Finance, 2020
Economic thought always permeated human living. Economic thought and the development of economics as a discipline in the last few centuries made it central to the world order.
Jasmin Omercic   +2 more
doaj   +1 more source

The Fragmentation of the Mainstream and Communication in Economics: A View from the Top

open access: yesŒconomia, 2023
The decline of Neoclassical dominance has paved the way to a more fragmented Mainstream. In this article, we empirically explore the Mainstream’s thematic structure and its fragmentation’s effects on within-discipline communication.
Magda Fontana, Martina Iori
doaj   +1 more source

Definition of Economics in Retrospective: Two Epistemological Tensions That Explain the Change of the Study Object in Economics

open access: yesPhilosophies, 2023
Throughout history, schools of economic thought have defined political economy—or economics—and its object of study in multiple ways. This paper reflects on the definitions of economics by schools of economic thought and also proposes the concepts of ...
Daniel Durán-Sandoval, Francesca Uleri
doaj   +1 more source

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