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Medientyp:
E-Artikel
Titel:
The turn in economics: neoclassical dominance to mainstream pluralism?
Beteiligte:
DAVIS, JOHN B.
Erschienen:
Cambridge University Press (CUP), 2006
Erschienen in:Journal of Institutional Economics
Sprache:
Englisch
DOI:
10.1017/s1744137405000263
ISSN:
1744-1374;
1744-1382
Entstehung:
Anmerkungen:
Beschreibung:
<jats:p>This paper investigates whether since the 1980s neoclassical economics has been in the process of being supplanted as the dominant research programme in economics by a collection of competing research approaches which share relatively little in common with each other or with neoclassical economics. A shortlist of the new approaches in recent economics includes game theory, experimental economics, behavioral economics, evolutionary economics, neuroeconomics, and non-linear complexity theory. Two hypotheses are advanced – one regarding the relation between economics instruction and economics research and one regarding the nature of the economics research frontier – to describe social-institutional practices that contribute to the replication of economics as a field. Two further hypotheses are advanced – one regarding the boundaries of the field and one regarding how the field appraises itself – to create a historical–methodological framework for evaluating the question of change in economics and change in recent economics in particular. Finally, the paper distinguishes three leading explanations – the ‘breakdown’ view, the ‘takeover’ view, and the ‘maturity’ view – of why neoclassical economics no longer dominates a mainstream economics.</jats:p>