About Demarcation and Synthesis between the Political Economy and the Economics Cover Image

За демаркацията и синтеза между политическата икономия и икономикса
About Demarcation and Synthesis between the Political Economy and the Economics

Author(s): Ivailo Beev
Subject(s): Language and Literature Studies, Political economy, Methodology and research technology
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: political economy; economics; methodological individualism; economic determinism.

Summary/Abstract: The main goal of the study is to reveal a basic dilemma on the basis of which could be distinguished the methodologies of different economic theories. The dilemma methodological individualism – methodological holism has a leading role because it is connected with the most important characteristics of the starting point of the economic research. The development of these two methodologies is considered and how they become preconditions of mainstream or heterodox economic theories.By the end of the 19th century, the economists began to define political economy with a new term - "Economics". In parallel, start a process to upgrade of the content of the new term. This results in a "new" science for the "economy", ie. it becomes obvious that in the present day the synonymization of "political economy" with "economics" is not legitimate.In this study, the author does not intend to make a full distinction between political economy and economics – just to mark another significant dividing line between these two economics studies and to answer the question whether and under what conditions one can speak of a synthesis between them.

  • Issue Year: 2018
  • Issue No: 3
  • Page Range: 339-347
  • Page Count: 17
  • Language: Bulgarian