scholarly journals Methodological principle of interdisciplinarity in the history of economics

2018 ◽  
Keyword(s):  
Economic History ◽  
Choice Theory ◽  
Essential Element ◽  
Interdisciplinary Approach ◽  
Research Field ◽  
Economic Education ◽  
Economic Thought ◽  
Point Of View ◽  
Methodological Principle ◽  
Economic Science

Throughout its history, economic science has been influenced by the principles and methods of more exact sciences. This influence can be traced in the concepts of both classical and neoclassical schools. The latter interpreted economic phenomena and processes from a subjective psychological point of view and contributed to the formation of a particular scientific direction – economic psychology. Institutional school that views the economy as an evolving system has generated such an interdisciplinary trend as economic genetics. The influence of exact sciences on the economic thought has manifested itself not only in the wide application of mathematical modeling, but also in the reference to the analogy with physical processes which formed another interdisciplinary research field – econophysics. Experiencing the influence and employing research methods of natural and exact sciences, economic science in turn ‘penetrates into the territory’ of social disciplines (sociology, politology, history) which generated separate directions of economic analysis: home economics, public choice theory, economic history etc. Such an approach which has not always been favourably received by the experts in related disciplines has been named «economic imperialism» whose representatives are supporters of both neoclassic and new institutional theory. Methodological mainstream is being replaced by methodological pluralism which would entail the coexistence of different theoretical perspectives and interdisciplinary approach is an essential element in building this tradition. This places new demands on the quality of economic education. A modern economist must have knowledge in different sciences and be able to use their analytic apparatus. At the post-nonclassical stage in its development the science of economics makes extensive use of interdisciplinary principles and analytical tools of both natural and humanitarian sciences, having achieved notable progress along this path. Interdisciplinary linkages allow us to reveal deeper patterns, bring to a qualitatively new level of scientific knowledge. Although interdisciplinarity do not always demonstrate effective results it may be considered as one of perspective means of solving complex problems of modern times.

scholarly journals A modern Scandinavian “Saga about political economy”: “Against the Stream. Critical Essays on Economics” by Gunnar Myrdal

2021 ◽  
Vol 21 (3) ◽  
pp. 243-254
Author(s):  
Georgy A. Cheremisinov ◽  
Keyword(s):  
Political Economy ◽  
Methodological Approach ◽  
Economic Thought ◽  
Point Of View ◽  
High Price ◽  
Economic Science ◽  
Moral Value ◽  
Gunnar Myrdal ◽  
Scientific Hypothesis ◽  
Productivity Decline

Introduction. It is proposed to pose the question of the original understanding of fundamental economic science as a political economy, presented by Gunnar Myrdal in the book “Against the Stream. Critical Essays on Economics”, which can be regarded from a certain point of view as a modern Scandinavian «Saga about political economy». Hermeneutic analysis. G. Myrdal’s paradigm concept, based on the concept of “establishment economics” was more meaningful than the modern use of the term “mainstream” to characterize the dominant flow of economic thought. The theoretical and methodological substantiation of the scientific hypothesis about the periodic emergence of crises and the formation of the economic science evolution cycles made it possible to explain the chronology of the Keynesian paradigm ascent and decline cycle by changes in economy and society. The arguments in favor of the institutional approach prompted a fundamental conclusion about the advisability of returning economic science to the original name of political economy and restoring its spiritual, moral, value dimension. G. Myrdal questioned and refuted the traditional abstract assumption about the conflict between economic growth and egalitarian reforms, for which one must pay a high price such as the national economy productivity decline, proposed the concept of “created harmony” to characterize the modern welfare state. Conclusion. The interpretation of the scientific monograph “Against the Stream. Critical Essays on Economics” in the style of Scandinavian “Saga about political economy” added a lot of very interesting details, judgments, explanations that substantively complemented the theoretical and methodological approach, showed the opportunity to study, research and present the history of economic thought in an attractive literary style without sacrificing depth and completeness of acquired knowledge.

scholarly journals Economic research and education in the era of digital economy

2020 ◽  
Vol 164 ◽  
pp. 12006 ◽  
Author(s):  
Mariya Kivarina ◽  
Anna Makarevich
Keyword(s):  
Interdisciplinary Approach ◽  
Digital Economy ◽  
Economic Education ◽  
Economic Research ◽  
Economic Science ◽  
Adaptive Models ◽  
Educational Networks ◽  
Science And Education ◽  
Research And Education ◽  
Training Of Personnel

At present, considerable attention is paid to the problems of understanding the most important trends in the formation and development of a digital economy, as well as the development of adaptive models of the modern education system, which reflects the relevance of the subject matter under study. The purpose of the article is to investigate the features of the transformation of economic science and education in the conditions of digitalization of the economy, to identify the main problems of the modern scientific and educational system and to identify the main ways to solve them. The research is based on an interdisciplinary approach using methods of logical-structural, situational and comparative analysis. Prospective directions of development of an economic science in conditions of digitalization are considered in the article, the problems which face the system of economic education at a stage of formation of a digital society are revealed. The significant influence on the transformation in the sphere of employment of the speed of the formation of educational networks for the training of personnel possessing the skills of teamwork for the effective resolution of technological, demographic and socio-economic problems is proved.

Structuralism and the search for truth (On the book "Origins: Qualitative changes in economic reality and economic science")

2016 ◽  
pp. 141-149
Author(s):  
P. Orekhovsky
Keyword(s):  
Economic History ◽  
Logical Empiricism ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
Economic Methodology ◽  
Economic Science ◽  
True Theory ◽  
History Of ◽  
Economic Reality ◽  
Qualitative Changes

This review of the almanakh Istoki (Origins) traces the discussions between well-known economists happening both within and between various parts of the book. These different positions in macroeconomics, economic methodology, history of economic thought and economic history demonstrate the multidimensionality of the book prompting its readers to abandon logical empiricism and belief that there is a single "true" theory.

Long-Period Comparative Study: Some Historical Cases

1957 ◽  
Vol 17 (4) ◽  
pp. 571-595 ◽  
Author(s):  
W. T. Easterbrook
Keyword(s):  
Comparative Study ◽  
Economic History ◽  
Comparative Method ◽  
Single Point ◽  
Economic Thought ◽  
Point Of View ◽  
Long Period ◽  
Recent Developments ◽  
Rates Of Growth ◽  
The Impact

In this paper I shall limit myself to various comments on integration narrowly conceived, that is, within the discipline of economic history itself, and to a few historical cases used to illustrate the possibilities and limitations of comparative method as a means to this end. Comparative study, as Miss Thrupp has stressed, scarcely represents a new departure in economic thought. The novelty seems to be rather in the almost universal appeal it now has for those who would explore the mysteries of change. This interest appears to be a consequence of the impact of recent developments in backward-area studies and the closely related pursuit of a general theory of growth; these tend to focus attention on different kinds and rates of growth and comparison becomes inevitable. In turn, accumulations of knowledge about economic change in very different contexts lead to the need for some means of correlating diese, partly for aesthetic reasons but also because a synoptic view of the landscape of change has its very practical use. Unless the whole field can be surveyed from a single point of view, and by this I do not mean the same point of view, it is very difficult to know where the need for more intensive exploration is greatest.

scholarly journals Challenges of rational choice theory in contemporary economic science

Revizor ◽  
2020 ◽  
Vol 23 (91-92) ◽  
pp. 7-21
Author(s):  
Miloš Krstić
Keyword(s):  
Economic Theory ◽  
Political Science ◽  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Economic Behavior ◽  
Point Of View ◽  
Economic Science ◽  
The Core ◽  
Scientific Disciplines

In the focus of the paper there are some basic insights and ideas of rational choice theory, that is the "core" of contemporary economic theory. Also, rational choice theory is the "center" of modern political science and is used in various other scientific disciplines, such as: sociology, philosophy, political science, psychology, and the like. There are two main goals of this paper. One is to point out the limitations of rational choice theory as one of the theories of economic behavior (and decision making). The second goal is to analyze certain problems detected during the application of the rational choice theory in economics and to adequately consider the importance of alternative concepts, models, and theories from the point of view of improving the understanding of economic, social, political, and other processes in the economy and society as a whole.

scholarly journals Economic Thought of the Pribuzhie Region: Belarus and Poland

2017 ◽  
Vol 10 (4) ◽  
pp. 7-15
Author(s):  
Aliaksandr V. Charnavalau ◽  
Marek Kuźmicki ◽  
Adrian Grzegorzewski
Keyword(s):  
Economic Education ◽  
Economic Thought ◽  
Political Activity ◽  
History Of Economic Thought ◽  
Economic Science ◽  
The Past ◽  
Economic Methods ◽  
History Of ◽  
The Subject ◽  
New Perspective

Abstract Summary Subject and purpose of work: The article describes a new subject of research into the history of economic thought, the international Pribuzhie region. The article discusses the history of the rise and development of economic science in the Pribuzhie region from the 8th to the 21st century, which is the subject of research. The aim of the article is to present a new perspective on the subject of research as well as the characteristics of the process of economic science in the Pribuzhie region. Materials and methods: The article uses a conventional method, which is a collection of historical, philosophical and economic methods of cognition, on the basis of which, in the context of a scientific program, the past of economic thought and relevant doctrines are examined, and their content is described. Results: The various historical stages in the development of the economic thought of the Pribuzhie region are described, as well as new, unpublished facts relating to individual economic doctrines. Conclusions: Political activity and public administration activities should involve economic education, which defines the essence of economic policy, its objectives and ways of realization in the practical sphere.

To Understand the Informal (on the Book BY V. L. Tambovtsev “Economics of Informal Institutions”)

2015 ◽  
pp. 151-158
Author(s):  
A. Zaostrovtsev
Keyword(s):  
Social Psychology ◽  
Detailed Analysis ◽  
Human Behavior ◽  
Interdisciplinary Approach ◽  
Informal Institutions ◽  
Economic Thought ◽  
History Of ◽  
Original Classification

The review considers the first attempt in the history of Russian economic thought to give a detailed analysis of informal institutions (IF). It recognizes that in general it was successful: the reader gets acquainted with the original classification of institutions (including informal ones) and their genesis. According to the reviewer the best achievement of the author is his interdisciplinary approach to the study of problems and, moreover, his bias on the achievements of social psychology because the model of human behavior in the economic mainstream is rather primitive. The book makes evident that namely this model limits the ability of economists to analyze IF. The reviewer also shares the author’s position that in the analysis of the IF genesis the economists should highlight the uncertainty and reject economic determinism. Further discussion of IF is hardly possible without referring to this book.

Whatever Happened to the Cambridge Capital Theory Controversies? (With comments by L. Pasinetti, F. Fisher, J. Felipe and J. McCombie, R. Greenfield and reply by the authors)

2009 ◽  
pp. 4-27
Author(s):  
A. Cohen ◽  
G. Harcourt
Keyword(s):  
Economic Theory ◽  
Economic Thought ◽  
Point Of View ◽  
Chronological Order ◽  
Capital Theory

The article written by the well-known theorists and historians of economic thought contains a detailed overview of the Cambridge capital controversy, which had raged from the mid-1950-s through the mid-1970-s. The authors track the origins of the controversy and cover arguments of both sides in chronological order. From their point of view, the discussion hasnt been resolved, and its main underlying aspects were ideological beliefs and fundamental methodological controversies on the nature of equilibrium and on the role of time in economic theory. The article is published with comments written by other leading theoreticians.

Effectiveness of Flood Protection Project Valuation Methods

2015 ◽  
Vol 10 (3) ◽  
pp. 275-289
Author(s):  
Tadeusz Liziński ◽  
Marcin Bukowski ◽  
Anna Wróblewska
Keyword(s):  
Essential Element ◽  
Weather Conditions ◽  
Point Of View ◽  
Flood Protection ◽  
Costs And Benefits ◽  
Protection Measures ◽  
Investment Projects ◽  
Market Values ◽  
Project Valuation ◽  
The Subject

Projects for flood protection are increasingly the subject of investment projects in the field of water management. This is related to the increasing frequency of worldwide threats caused by extreme weather conditions, including extremely high rainfall causing floods. Technical and nontechnical flood protection measures are also increasing in importance. In the decision-making process, it is necessary to take into account both the costs and benefits of avoiding losses, including an analysis of social benefits, whose valuation of non-market goods is an essential element. A comprehensive account of projects in the field of flood protection based on the estimated costs and benefits of the investment allows the economic efficiency from a general social point of view to be determined. Previous evaluations of the effectiveness of investment projects have mainly taken into account only categories and market values. The aim of the article is to identify the possibilities to expand the values of non-market assessments and categories formulated on the basis of the theoretical economics of the environment. 

“Product Not Available in Pre-War Quantities – but Quality Remains the Same”: Remarks on Advertisements as Historical Sources

2019 ◽  
Author(s):  
Magdalena Saryusz-Wolska
Keyword(s):  
Social Norms ◽  
Economic History ◽  
Second World War ◽  
Point Of View ◽  
World War ◽  
Historical Sources ◽  
The Past ◽  
German Press ◽  
Post War ◽  
Second World

The article focuses on advertisements as visual and historical sources. The material comes from the German press that appeared immediately after the end of the Second World War. During this time, all kinds of products were scarce. In comparison to this, colorful advertisements of luxury products are more than noteworthy. What do these images tell us about the early post-war years in Germany? The author argues that advertisements are a medium that shapes social norms. Rather than reflecting the historical realities, advertisements construct them. From an aesthetical and cultural point of view, advertisements gave thus a sense of continuity between the pre- and post-war years. The author suggests, therefore, that the advertisements should not be treated as a source for economic history. They are, however, important for studying social developments that occurred in the past.

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