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- W2012164387 abstract "Today we hear much about the relevance of accepted outlooks and methods to present-day issues and problems. Although the social science of economics has been under some attack?after all we have had a Union for Radical Political Economics with sessions at regional and national conventions since 1968?we economists in the United States have been relatively undisturbed, at least compared with the political scientists, educationalists, psychologists and sociologists. However, with the rise of the radical political economists, this state of affairs is probably coming to an end as protagonists of the Third Force, Third World and New Left invade the area of economics. There has always been an underworld of economics whose mem? bers proposed doctrines which would upset the institutional arrangements assumed by orthodox economics; likewise, there have always been genteel critics of orthodox economics, both atheistic and religious, some content with just criticizing the results of the capitalist-industrial complex and others advocating programs of evolutionary reform. Similarly, although the scientific socialism of the Marxists in a real sense shaped the meth? odology of classical economics into a revolutionary framework of a com? plete social philosophy and science, the critics of orthodoxy have also frequently advocated a different methodology known variously as His? torical Method, Institutionalism, Sociologism, and so on. But the present discontent with orthodoxy, even within the ranks of orthodox economists, would seem to stem from the attempts to apply the economics of develop? ment to post-1945 problems, at first in the reconstruction of Western Europe through the Marshall Plan, then in the development of the emerging nations of Africa, Acia and Latin America, and finally in the development of regions and poverty groups here at home. In a sense, the economic miracles of West Germany and Japan were at least partial justifications of orthodox theory and policy; the failures and at best equivocal successes in most other countries have raised doubts concerning the relevance of the market economy concept of orthodox Anglo American economics. Indeed, the lessons of both successes and failures have tended to lead to conclusions that would turn Marx himself upside down. Instead of the determinism of society by economics, we now have the apparent fact that the sociocultural complex of society determines 89" @default.
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- W2012164387 date "1970-03-01" @default.
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- W2012164387 title "Market Economics and Current Social Problems" @default.
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- W2012164387 doi "https://doi.org/10.1080/00346767000000014" @default.
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