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Economics as the scientization of politics

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  • Jon Mulberg

    (Faculty of Arts and Social Sciences, The Open University (UK))

Abstract

This paper uses Beck's concept of reflexive modernity, and a Foucauldian approach, to critique the positivist philosophy associated with contemporary conventional economics, and to show its inadequacy for the environmental emergency. The paper suggests economics is not neutral but performs an ideological function in justifying the political and social order. Economics can be deconstructed by tracing its history, thereby laying bare its philosophical and political roots. The environmental debate repeats past debates of the 1920s and 30s. By employing the 'subjugated' institutional economics approaches economics can be redefined, and the path to a truly Green New Deal can be unearthed.

Suggested Citation

  • Jon Mulberg, 2021. "Economics as the scientization of politics," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 14(1-2), pages 227-238, November.
    • Handle: RePEc:bus:jphile:v:14:y:2021:i:1-2:n:11
    DOI: 10.46298/jpe.8671
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    References listed on IDEAS

    as
    1. Geoffrey M. Hodgson, 2019. "The great crash of 2008 and the reform of economics," Chapters, in: Jonathan Michie (ed.), The Handbook of Globalisation, Third Edition, chapter 28, pages 439-456, Edward Elgar Publishing.
    2. Regine Heidenreich, 1998. "Economics and Institutions: The Socioeconomic Approach of K. William Kapp," Journal of Economic Issues, Taylor & Francis Journals, vol. 32(4), pages 965-984, December.
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    More about this item

    Keywords

    [SHS.ECO]Humanities and Social Sciences/Economics and Finance; [SHS.PHIL]Humanities and Social Sciences/Philosophy;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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