Political Economy and Neoclassical Theory – Facing the Trial of Time Cover Image

Политическата икономия и неокласическата теория – пред изпитание на времето
Political Economy and Neoclassical Theory – Facing the Trial of Time

Author(s): Penyu Mihailov
Subject(s): Politics / Political Sciences, Economy, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: political economy; neoclassical theory; economic theory; economic practice; economics; financial and economic crisis; criticism to neolliberal economy; pluralism in economic education

Summary/Abstract: The object of this paper is the unity and diversity between political economy and the neo-classical theory. In the opinion of the author, these are two branches of economic knowledge. The author declares on objection against the view that the neo-classical theory is universal and irreproachable. Life has proved for more complicated than we have imagined it. The paper discuss questions such as „What economic theory do we need?“, issues concerning the interference of the state; theoretical and empirical knowledge; neo-liberal ideology and the economic crisis; pluralism in teaching economic theory.

  • Issue Year: 1/2015
  • Issue No: 1
  • Page Range: 59-94
  • Page Count: 36
  • Language: Bulgarian