scholarly journals Austrian and Mainstream Economics on Mathematics – A Comment on Pieniążek (2018): Reply to Machaj (2019)

Ekonomista ◽  
2021 ◽  
Vol 1 (3) ◽  
Author(s):  
PIOTR PIENIĄŻEK
Keyword(s):  
Mainstream Economics

What Did The Study of The Soviet Economy Contribute to Mainstream Economics?

2010 ◽  
pp. 39-55
Author(s):  
M. Ellman
Keyword(s):  
Economic Growth ◽  
Property Rights ◽  
General Equilibrium ◽  
Informal Sector ◽  
Institutional Economics ◽  
Soviet Economy ◽  
General Equilibrium Theory ◽  
Mainstream Economics ◽  
Universal Applicability ◽  
Soviet Experience

This article is an overview of the contribution made by economic Sovietology to mainstream economics. The long debate about the universal applicability of mainstream economics is reconsidered in the light of the Soviet experience. Information is provided on the contribution of the study of the Soviet economy to fields as diverse as the measurement of economic growth, institutional economics, economic administration, the economics of property rights, the economics of the informal sector, the economics of famines, the Austrian critique of general equilibrium theory, and incentives.

Contemporary Principles of Heterodox Political Economy

2009 ◽  
pp. 38-57 ◽  
Author(s):  
Ph. O’Hara
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Economic Development ◽  
Ethnic Discrimination ◽  
Mainstream Economics ◽  
Theoretical Perspectives ◽  
Analytical Review ◽  
New Ideas ◽  
Historical Specificity ◽  
Scientific Results

In this analytical review the author describes the main trends in the modern heterodox political economy as an alternative to mainstream economics. Historical specificity as well as the contradictory and uneven character of economic development are examined in detail. The author also discusses problems of class, gender and ethnic discrimination and their influence on economic growth. It is shown that there are tendencies to convergence of different theoretical perspectives and schools, common themes, topics of research and conceptual apparatus are being formed. The forces of integration and differentiation help establish new ideas and receive interesting scientific results in such fields as development economics, macroeconomics and international economics.

The age of symbolic economic policies?

2015 ◽  
Vol 37 (2) ◽  
pp. 245-265
Author(s):  
Peter Galbács
Keyword(s):  
Economic Policy ◽  
Theoretical Framework ◽  
Policy Tools ◽  
Economic Policies ◽  
Mainstream Economics ◽  
History Of ◽  
Theoretical Considerations ◽  
Macroeconomic Environment

This paper offers a few remarks on the so-called heterodoxy commentaries of recent times (e.g. Bod 2013, Csaba 2011). In accordance with the growing popularity of unusual economic policy actions, a set of “tools” is emerging that aims to exert its effects breaking with instrumental actions. Outlining a special framework of the history of mainstream economics, it will be argued that economic policy only gradually has become capable of applying this system. In our view, both the emergence of symbolic economic policies mentioned above and the rise of heterodoxy are on the same level, since certain governments can only operate through giving signals. Although it is not the time to formulate ultimate and eternal generalised statements, it may perhaps be stated that symbolic economic policies can make some room for manoeuvring available as a last resort. In other words, the possibility of a certain kind of economic policy “tools” can be derived from theoretical considerations, and this set has become highlighted recently by some constraining changes in the macroeconomic environment. Our theoretical framework will be filled sporadically with some episodes from the last few years of the economic policy of Hungary.

Organizing and Reorganizing Markets

2018 ◽  
Author(s):  
Nils Brunsson ◽  
Mats Jutterström
Keyword(s):  
Organization Theory ◽  
Institutional Economics ◽  
Theoretical Framework ◽  
Intermediate Result ◽  
Field Of Study ◽  
Mainstream Economics ◽  
Formal Organizations ◽  
Partial Organization ◽  
Similarities And Differences ◽  
Market Organization

Organizing and Reorganizing Markets is an edited volume that brings organization theory to the study of markets. The differences between markets and organizations are often exaggerated. Both are organized. Organizing exists in addition to other processes and phenomena that form markets: the mutual adaption among sellers and buyers as described in mainstream economics and the institutions described in institutional economics and economic sociology. Market organization can be analysed with the same type of theories used for analysing organization within formal organizations. Through the use of many empirical examples, the book demonstrates how this can be done. We argue that the way a certain market is organized can be understood as the (intermediate) result of previous organizing processes. We discuss such questions as ‘What drives market organizing and reorganizing processes? What makes various organizations intervene as market organizers? And how are the specific contents of market organization determined?’ The answers to these questions help us to analyse similarities and differences among organizing processes in formal organizations and those in markets. The arguments are illustrated by in-depth studies of many types of markets. The book is intended to open up markets as a field of study for scholars of organization. Although the chapters have different authors, they use and elaborate upon the same general theoretical framework. The book contributes to the issue of organization outside and among organizations where a fundamental concept is that of partial organization.

Technical or political? The socialist economic calculation debate

2021 ◽  
Author(s):  
Tiago Camarinha Lopes
Keyword(s):  
Economic Theory ◽  
Historical Context ◽  
Austrian School ◽  
Economic Calculation ◽  
Standard Interpretation ◽  
Economic Interests ◽  
Mainstream Economics ◽  
Political Position ◽  
Socialist Economic ◽  
Technical Terms

Abstract The paper presents both the key arguments and the historical context of the socialist economic calculation debate. I argue that Oskar Lange presented the most developed strategy to deal with bourgeois economics, decisively helping to create the scientific consensus that rational economic calculation under socialism is possible. Lange’s arguments based on standard economic theory reveal that the most ardent defenders of capitalism cannot reject socialism on technical terms and that, as a consequence, the Austrian School was left with no choice but to diverge from mainstream economics in its search to develop a framework that could support its political position. This shows that Mises’ challenge from 1920 was solved and has been replaced by a political posture developed by Hayek and leading Austrians economists, who have been struggling since the 1980s to revise the standard interpretation of the socialist economic calculation debate. I argue that this revision should not be uncritically accepted and conclude that socialism cannot be scientifically rejected; it can only be politically rejected, by those whose economic interests it opposes.

Tourism Economics: Life after Death?

1995 ◽  
Vol 1 (4) ◽  
pp. 329-339 ◽  
Author(s):  
John Tribe
Keyword(s):  
Rapid Growth ◽  
The State ◽  
Recent Book ◽  
Model Curriculum ◽  
Mainstream Economics ◽  
Life After Death ◽  
Educational Package ◽  
Critical Scrutiny ◽  
Economics Courses ◽  
Introductory Economics

Paul Omerod's recent book, The Death of Economics, provides the background to this paper. As Omerod's book laments the state of mainstream economics it seems an appropriate time to subject economics for tourism degrees to similar critical scrutiny. There has been a rapid growth in institutions offering degrees in tourism, from none in 1985 to 40 and rising by 1995, and economics has generally been part of the package on offer to students. This paper starts by outlining three serious challenges to economics both as a discipline and as educational knowledge for tourism students. It then examines how the educational package of economics is framed, and from this concludes that economics courses may arise more from accident (or inertia) than design, or that the design may not be appropriate for current needs. It therefore suggests that there is considerable scope for the re-framing of introductory economics for tourism students. In the light of the criticisms of economics expressed in the first section, a model curriculum for tourism economics is proposed, and ways in which such a model might be promoted and developed are explored.

scholarly journals O debate sobre o processo de desenvolvimento econômico da Coreia do Sul: uma linha alternativa de interpretação

2017 ◽  
Vol 26 (3) ◽  
pp. 585-631
Author(s):  
Uallace Moreira Lima
Keyword(s):  
Mainstream Economics

Resumo A Coreia do Sul apresentou alto e rápido crescimento econômico entre os anos 1960 e 1980, associado a um upgrading em seu parque industrial e forte inserção no comércio internacional. Três correntes teóricas têm destaque na interpretação dos motivos que levaram a Coreia ao sucesso: 1) os autores do mainstream economics, defensores dos princípios de mercado; 2) a corrente heterodoxa endogenista que defende o papel do Estado como elemento central; 3) a terceira linha defende que o cenário externo é o principal motivo para o sucesso da Coreia. Neste artigo, desdobra-se uma hipótese central da Escola da Unicamp, defendendo a hipótese de que o avanço da economia coreana com profunda transformação estrutural e upgrading em seu comércio exterior foi possível em um contexto externo inicialmente favorável, em decorrência de um conjunto de características históricas que a diferenciaram de outras economias de industrialização tardia nos aspectos da política interna.

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