Prospecting for political economy Online publication date: Sat, 19-Nov-2011
by Ben Fine
International Journal of Management Concepts and Philosophy (IJMCP), Vol. 5, No. 3, 2011
Abstract: This paper argues for a return to political economy in its best and earliest sense. Conventional economics has tried to colonise the social sciences from a narrow base in formalistic neo-classical theorising. It has failed as a guide to explaining economic development and crisis and become theoretically narrow. It is now in retreat in the wider social sciences but remains strong in the field of economics itself. Critics of the conventional wisdom like Stiglitz and Krugman cannot develop a full critique and attempts to develop mainstream alternatives through behavioural economics reproduce problems already apparent in the core approach. It cannot deal with the issues of power and conflict that are at the heart of the current situation.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management Concepts and Philosophy (IJMCP):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com