Pluralism In Economics
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Pluralism In Economics
The pluralism in economics movement is a campaign to change the teaching and research in economics towards more openness in its approaches, topics and standpoints it considers. The goal of the movement is to "reinvigorate the discipline ... nd bringeconomics back into the service of society". Some have argued that economics had greater scientific pluralism in the past compared to the monist approach that is prevalent today. Pluralism encourages the inclusion of a wide variety of neoclassical and heterodox economic theories—including classical, Post-Keynesian, institutional, ecological, evolutionary, feminist, Marxist, and Austrian economics, stating that "each tradition of thought adds something unique and valuable to economic scholarship". History Critics of mainstream economics have called for a reform of the discipline in the past. The movement for pluralism can therefore be traced to wider movements for progressive change in the 1960s and 1970s, with economists like ...
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Scientific Pluralism
Scientific pluralism is a position within the philosophy of science that rejects various proposed unities of scientific method and subject matter. Scientific pluralists hold that science is not unified in one or more of the following ways: the metaphysics of its subject matter, the epistemology of scientific knowledge, or the research methods and models that should be used. Some pluralists believe that pluralism is necessary due to the nature of science. Others say that since scientific disciplines already vary in practice, there is no reason to believe this variation is wrong until a specific unification is empirically proven. Finally, some hold that pluralism should be allowed for normative reasons, even if unity were possible in theory. History Since the development of logical positivism by the Vienna Circle in the 1920s and 1930s, theories of unified science have posited that all scientific investigation shares a common framework. In the strongest versions of these theories, ...
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Uskali Mäki
Ismo Uskali Mäki (born 8 February 1951 Helsinki) is a Finnish professor in the Department of Political and Economic Studies (Philosophy) at the University of Helsinki. He is also director of the ''Trends and tensions in Intellectual Integration'' centre, which was recently nominated "Finnish Centre of Excellence" in the Philosophy of the Social Sciences. Previous posts and roles have included his being a professor of philosophy at the Erasmus University of Rotterdam where he directed the Erasmus Institute for Philosophy and Economics and his being the editor of the ''Journal of Economic Methodology''. His main research interests lie in the methodology of economics and the philosophy of the sciences including social sciences with his approach typically being described as a ''realist philosophy of economics''.Rantala, Risto (päätoim.): Kuka kukin on 2009, s. 667. Mäki, Uskali. Helsinki: Kustannusosakeyhtiö Otava, 2008 Mäki is currently serving as an Academy Professor In some cou ...
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History Of Economic Thought
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the History of writing#Inventions of writing, invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an Discipline (academia), academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the historiography, nature of history as an end in ...
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Heterodox Economics
Heterodox economics is any economic thought or theory that contrasts with orthodox schools of economic thought, or that may be beyond neoclassical economics.Frederic S. Lee, 2008. "heterodox economics," ''The New Palgrave Dictionary of Economics'', 2nd Edition, v. 4, pp. 2–65 Abstract. These include institutional, evolutionary, feminist, social, post-Keynesian (not to be confused with New Keynesian), ecological, Austrian, complexity, Marxian, socialist, and anarchist economics. Economics may be called ''orthodox'' or ''conventional'' economics by its critics.C. Barry, 1998. ''Political-economy: A comparative approach''. Westport, CT: Praeger. Alternatively, mainstream economics deals with the "rationality–individualism–equilibrium nexus" and heterodox economics is more "radical" in dealing with the "institutions–history–social structure nexus". A 2008 review documented several prominent groups of heterodox economists since at least the 1990s as working together with ...
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Foundations Of Real-World Economics
''Foundations of Real-World Economics: What Every Economics Student Needs to Know'' is a 2019 book by John Komlos that argues that the turbulence of the 21st century, that includes the Dot-Com bubble, the 2008 financial crisis, the rise of right-wing populism the covid-pandemic, and numerous wars, cannot be adequately understood by conventional economics rooted in 20th-century ideas. Book outline The book outlines the situation of those hurt by the economic policies by neoliberal economists. It is critical of those who advocated cutting taxes and starving the state, those who supported deregulation that culminated in the Meltdown of 2008, and those who advocated hyper-globalization that led to the rustbelt and the rise of discontent. The text provides a look at the way the economy actually works for the typical person rather than how academics imagine it works in college classrooms. It presents an alternative perspectives on the economy; it shows that the homo-ocoenomic ...
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International Student Initiative For Pluralist Economics
The International Student Initiative for Pluralist Economics (ISIPE) is an alliance of university student groups and societies from several countries campaigning for a reform of economics education and research. Founded in early 2014, the Initiative brings together various groups that had previously operated at a local or national level such as Rethinking Economics. It argues for a reorientation of the discipline toward pluralism in university curricula as well as research activity, involving the inclusion and equal treatment of heterodox approaches, greater interdisciplinarity, as well as increased awareness of methodological issues, the history of economic thought, and economic history. Background In the second half of the 20th century, the discipline of economics came to be increasingly dominated by what is seen by the Initiative as a fundamentally uniform, monolithic approach (which may be referred to as mainstream, neoclassical, orthodox, or dominant paradigm economics ...
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Rethinking Economics
Rethinking Economics is a network of academic scholars and students in several countries that promotes pluralism in economics. It grew out of the broader International Student Initiative for Pluralist Economics and has groups in the United Kingdom, Italy, the Netherlands, India, Bangladesh, the US, Norway and many more countries. The goal of the movement is to open up the discipline to different schools of thought in economics other than neoclassical economics and to other disciplines in the social sciences. Another aim is to make economics more accessible to the broader public. Background In 2011, the Bank of England organized a conference ‘Are Economics Graduates Fit for Purpose?’ which although widely discussed did not lead to substantive changes in the way economics is taught in many universities. Subsequently, a group of Manchester economics students who were dissatisfied with the inertia of the economics discipline after the Great Recession founded the Post-Crash Economics ...
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Richard Layard
Peter Richard Grenville Layard, Baron Layard FBA (born 15 March 1934) is a British labour economist, currently working as programme director of the Centre for Economic Performance at the London School of Economics. Layard was Senior Research Officer for the Robbins Committee on Higher Education. His work on mental health, including publishing The Depression Report in 2006, led to the establishment of the Improving Access to Psychological Therapies (IAPT) programme in England. He is co-editor of the World Happiness Report, with John F. Helliwell and Jeffrey Sachs. Family and education Peter Richard Grenville Layard is the son of John Layard and his wife Doris. He was educated at Eton College, where he was a King's scholar; at King's College, Cambridge; and at the London School of Economics. Work Layard assisted Claus Moser on the Robbins enquiry, and later developed a reputation in the economics of education (with Mark Blaug at LSE), and labour economics (in particular with ...
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Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was the winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there. He also holds the title of Centennial Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010, and is among the most influential economi ...
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International Journal Of Pluralism And Economics Education
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ...
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Foundation For European Economic Development
Foundation for European Economic Development (FEED) is a charity formed in November 1990 under the auspices of the European Association for Evolutionary Political Economy. The charity is formally registered under the Charities Act 2006. It has provided financial assistance for various projects and organisations, including research prize competitions, summer schools, conferences, and other research events. Perspectives According to the FEED website: FEED believes that economists should not only have a knowledge of the history of their subject and allied work in the social sciences, but also they should have a much richer understanding of economic and business history. Economists should be trained to think critically about their assumptions and methods, and to judge theories not simply on their mathematical originality or elegance. FEED believes in the value of pluralism and diversity in any science, where radically innovative ideas are encouraged, but they are tested by rigorous scr ...
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Post-autistic Economics
The post-autistic economics movement (french: autisme-économie), or movement of students for the reform of economics teaching (french: mouvement des étudiants pour une réforme de l'enseignement de l'économie), is a political movement that criticises neoclassical economics and advocates for pluralism in economics. The movement gained attention after an open letter signed by almost a thousand economics students at French universities and Grandes Écoles was published in ''Le Monde'' in 2000. Terminology The French term ''autisme'' has an older meaning and signifies "abnormal subjectivity, acceptance of fantasy rather than reality". However, post-autistic economists also "assert that neoclassical economics has the characteristics of an autistic child". The pejorative reference to the neurodevelopmental disorder autism is considered offensive by some economists. Greg Mankiw has said that "use of the term indicates a lack of empathy and understanding for those who live with actua ...
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