search query: @indexterm POLITICAL ECONOMY / total: 438
reference: 91 / 438
| Author: | Schnellenbach, J. |
| Title: | New Political Economy, Scientism and Knowledge: A Critique from a Hayekian Perspective, and a Proposal for an Extension of the Research Agenda |
| Journal: | American Journal of Economics and Sociology
2002 : JAN, VOL. 61:1, p. 193-216 |
| Index terms: | POLITICAL ECONOMY SCIENCE KNOWLEDGE ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | New Political Economy has something very important in common welfare economics its focus on static, technical efficiency to judge the rationality (if a social, political economic. This often leads theorists to perceive their objects of research as well-defined problems to which clear-cut solutions can be found and prescribed as policy proposals, addressed at the policymaker or the democratic sovereign. In the present paper, this approach is criticized from a Hayekian point of view, with an emphasis on the problems of "scientism" and irremediably, imperfect knowledge, troubling both the agents in the theoretical model and the theorist. Furthermore, it is argued and illustrated with two examples that an extension of Public Choice's research agenda along Hayekian lines may be fruitful. |
SCIMA