Classical economics must not become history
This paper is meant as a clear statement that things can no longer continue the way they have gone so far. If analyzed critically, the classical heritage, enshrined in fundamental rules and theories, the result of a massive abstraction effort, has not always been consolidated and developed properly...
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Editura ASE Bucuresti
2018
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oai:doaj.org-article:7fb5846a74da4fc9962cb1005ab90a142021-12-02T06:59:13ZClassical economics must not become history1843-22981844-8208https://doaj.org/article/7fb5846a74da4fc9962cb1005ab90a142018-11-01T00:00:00Z https://www.jpe.ro/pdf.php?id=8076 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208This paper is meant as a clear statement that things can no longer continue the way they have gone so far. If analyzed critically, the classical heritage, enshrined in fundamental rules and theories, the result of a massive abstraction effort, has not always been consolidated and developed properly in modern times. Therefore, compared to other sciences, economics has been losing ground, exactly where it should have been reinforced by those who serve it –, the economists. Its main core, the classical heritage, has been enriched, but the additions, knowingly or not, have in fact weakened and transformed it into a loose collection of feeble causalities and verbosity. It is imperative that such deviations be stopped. We suggest a two-step solution: a) an inventory of the elements that define the hard core of Economics; b) a review of the circumstances that show what happened with said hard core. The conclusions point to a necessary return to classical ideas.Ion POHOAŢĂDelia-Elena DIACONAȘUVladimir-Mihai CRUPENSCHIEditura ASE Bucurestiarticleeconomic lawshard coreclassical legacyscientismobjectivitySay’s lawEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol XII, Iss 1, Pp 65-88 (2018) |
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economic laws hard core classical legacy scientism objectivity Say’s law Economics as a science HB71-74 |
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economic laws hard core classical legacy scientism objectivity Say’s law Economics as a science HB71-74 Ion POHOAŢĂ Delia-Elena DIACONAȘU Vladimir-Mihai CRUPENSCHI Classical economics must not become history |
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This paper is meant as a clear statement that things can no longer continue the way they have gone so far. If analyzed critically, the classical heritage, enshrined in fundamental rules and theories, the result of a massive abstraction effort, has not always been consolidated and developed properly in modern times. Therefore, compared to other sciences, economics has been losing ground, exactly where it should have been reinforced by those who serve it –, the economists. Its main core, the classical heritage, has been enriched, but the additions, knowingly or not, have in fact weakened and transformed it into a loose collection of feeble causalities and verbosity. It is imperative that such deviations be stopped. We suggest a two-step solution: a) an inventory of the elements that define the hard core of Economics; b) a review of the circumstances that show what happened with said hard core. The conclusions point to a necessary return to classical ideas. |
format |
article |
author |
Ion POHOAŢĂ Delia-Elena DIACONAȘU Vladimir-Mihai CRUPENSCHI |
author_facet |
Ion POHOAŢĂ Delia-Elena DIACONAȘU Vladimir-Mihai CRUPENSCHI |
author_sort |
Ion POHOAŢĂ |
title |
Classical economics must not become history |
title_short |
Classical economics must not become history |
title_full |
Classical economics must not become history |
title_fullStr |
Classical economics must not become history |
title_full_unstemmed |
Classical economics must not become history |
title_sort |
classical economics must not become history |
publisher |
Editura ASE Bucuresti |
publishDate |
2018 |
url |
https://doaj.org/article/7fb5846a74da4fc9962cb1005ab90a14 |
work_keys_str_mv |
AT ionpohoata classicaleconomicsmustnotbecomehistory AT deliaelenadiaconasu classicaleconomicsmustnotbecomehistory AT vladimirmihaicrupenschi classicaleconomicsmustnotbecomehistory |
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1718399643640922112 |