Meta-theory as a uniting framework for economics and global political economy

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Lainà , P 2018 , ' Meta-theory as a uniting framework for economics and global political economy ' , Journal of critical realism. , vol. 17 , no. 3 , pp. 221-232 . https://doi.org/10.1080/14767430.2018.1483622

Title: Meta-theory as a uniting framework for economics and global political economy
Author: Lainà, Patrizio
Contributor: University of Helsinki, Political Science
Date: 2018
Language: eng
Number of pages: 12
Belongs to series: Journal of critical realism.
ISSN: 1476-7430
URI: http://hdl.handle.net/10138/250867
Abstract: This paper discusses the differences between orthodox and heterodox economics as well as between American and British Global Political Economy (GPE). It is found that the main differences within both disciplines are related to meta-theoretical premises. However, meta-theory turns out to be also a uniting factor between disciplines. Orthodox economics and American GPE mostly share positivist meta-theory, while heterodox economics and British GPE are largely based on critical realist meta-theory. Instead of building bridges within disciplines, it is suggested that it would be more feasible to combine some parts of orthodox economics with American GPE and some parts of heterodox economics with British GPE. This paper also discusses the role of mathematics in economics, critically assessing Tony Lawson's claim that there is no place for mathematical modelling in heterodox economics.
Subject: 511 Economics
517 Political science
611 Philosophy
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