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A critical analysis of the 'neoclassical tradition' and economics education in Turkey

Author

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  • Sema Yılmaz
  • Rahmi Deniz Özbay
  • Rui Alexandre Castanho

Abstract

In the field of economics education, neoclassical economics serves as the foundation for Orthodox thought, drawing upon a theoretical and methodological framework that centres around the concept of a 'sovereign power' relationship. This framework informs the traditions and frequently held practices within the field. The term 'dismal science', originally used by Scottish historian Thomas Carlyle in 1849, can be employed as a critique of the intricate, paradoxical, inscrutable, and detached nature of neoclassical economics. Several criticisms have been raised regarding the utilisation of mathematical techniques primarily as an objective rather than a means of elucidating economic phenomena. This study highlights the significant issue arising from an economics education that lacks methodology and disregards interdisciplinary engagement with other social sciences, particularly under the dominance of neoclassical economics. It demonstrates that the detachment from reality is not only prevalent in Turkey but also observed in many other parts of the world.

Suggested Citation

  • Sema Yılmaz & Rahmi Deniz Özbay & Rui Alexandre Castanho, 2025. "A critical analysis of the 'neoclassical tradition' and economics education in Turkey," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 16(1/2), pages 120-133.
    • Handle: RePEc:ids:ijeded:v:16:y:2025:i:1/2:p:120-133
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