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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Autores principales: Ion POHOAŢĂ, Delia-Elena DIACONAȘU, Vladimir-Mihai CRUPENSCHI
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Publicado: Editura ASE Bucuresti 2018
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Acceso en línea:https://doaj.org/article/7fb5846a74da4fc9962cb1005ab90a14
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spelling 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)
institution DOAJ
collection DOAJ
language DE
EN
FR
topic economic laws
hard core
classical legacy
scientism
objectivity
Say’s law
Economics as a science
HB71-74
spellingShingle 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
description 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
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AT deliaelenadiaconasu classicaleconomicsmustnotbecomehistory
AT vladimirmihaicrupenschi classicaleconomicsmustnotbecomehistory
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