The Classical and Neoclassical theoretical traditions and the evolutionary study of the dynamics of globalization
Journal of Economics and Political Economy
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Title |
The Classical and Neoclassical theoretical traditions and the evolutionary study of the dynamics of globalization
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Creator |
VLADOS, Charis; Department of Economics, Democritus University of Thrace, Komotini, Greece
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Subject |
Classical political economy; Neoclassical economics critique; Evolutionary approach; globalization.
B12; F11; B52. |
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Description |
Abstract. This article aims to present the theoretical foundations of the classical political economy through the contributions of Adam Smith and David Ricardo and to find out how their neoclassical followers interpreted, evaluated, and transformed this classical theoretical basis. Specifically, we analyze from a critical point of view the neoclassical interpretation of globalization by arguing that this theorization is probably insufficient in analytical terms. We conclude that an analytical counterproposal for the relative explanatory insufficiencies of the neoclassical synthesis is based on the modern evolutionary approach of globalization.Keywords. Classical political economy, Neoclassical economics critique, Evolutionary approach, Globalization.JEL. B12, F11, B52.
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Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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Contributor |
—
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Date |
2019-10-11
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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Format |
application/pdf
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Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/1941
10.1453/jepe.v6i3.1941 |
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Source |
Journal of Economics and Political Economy; Vol 6, No 3 (2019): September; 257-280
Journal of Economics and Political Economy; Vol 6, No 3 (2019): September; 257-280 2148-8347 |
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Language |
eng
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Relation |
http://www.kspjournals.org/index.php/JEPE/article/view/1941/1946
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Rights |
Copyright (c) 2019 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0 |
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