Foundations, traditions, and controversies in political economy

Political economy is broader in scope than conventional economics. It transgresses the disciplinary boundaries of economics; it consists of different paradigms; as a consequence, it needs a richer set of research methods. What are the appropriate units of analysis: individuals, institutions, classes, or social norms? What are markets? Are the different paradigms within political economy conflicting or complementary? What are the implications of this for the choice of appropriate methods in political economy analysis?

A selection of papers indicative of our ongoing work in the area:

  • Mohun, S and Veneziani, R (2011), Reorienting Economics? [doi: 10.1177/0048393110376218], Philosophy of the Social Sciences
  • Milios, J and Sotiropoulos, D (2009), Rethinking Imperialism: A Study of Capitalist Rule, London and New York: Palgrave Macmillan
  • Sotiropoulos, D (2009), Why John Stuart Mill should not be enlisted among neoclassical economists, The European Journal of the History of Economic Thought, 2009, 16(3): 455-473
  • Levina, Iren (2008), The Transformation Problem: A Comparative Analysis of Approaches and Solutions (Classical Versions), Voprosy Economiki, No. 9, p. 123-139 [in Russian]
  • Stockhammer, E and Ramskogler, P (2008), Post Keynesian economics - how to move forward. Vienna University of Economics & B.A. Dept. of Economics Working Paper No. 124
  • Stockhammer, Engelbert (2007), Uncertainty, class and power. International Journal of Political Economy 35 (4), 29-45
  • Wells, Julian (2006), The dogs that didn't bark: Marx and Engels and statistical fatalism, invited paper for the Dissent in Science seminar, Centre for the Philosophy of Natural and Social Sciences, London School of Economics
  • Levina, Iren (2006), On the Question of Contradictions of Economies in Transition, In: Methodology of Economic Theory and Methods of Its Teaching, Moscow [in Russian]
  • Mohun, S (2004), The Labour Theory of Value as Foundation for Empirical Investigations, Metroeconomica, 55(1): 65-95
  • Auerbach, Paul, Desai, Meghnad and Shamsavari, Ali (1998), The Dialectic of Market and Plan. New Left Review 170
  • Wells, Julian (1998), Probabilism and determinism in political economy: the case of Bernstein and Engels, Eastern Economic Association conference, New York
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