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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
 
Creator VLADOS, Charis;

Department of Economics, Democritus University of Thrace, Komotini, Greece

 

 


 
Subject Classical political economy; Neoclassical economics critique; Evolutionary approach; globalization.
B12; F11; B52.
 
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.
 
Publisher Journal of Economics and Political Economy
Journal of Economics and Political Economy
 
Contributor
 
Date 2019-10-11
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEPE/article/view/1941
10.1453/jepe.v6i3.1941
 
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
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEPE/article/view/1941/1946
 
Rights Copyright (c) 2019 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0