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Economic method, public policy, and society: Adolph Lowe’s political economics

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  • Michael J. Murray

Abstract

Adolph Lowe questioned the mainstream approach to economic theory beginning in the mid-1920s and spanning a 60-year career. Lowe developed a tripartite approach to political economics which consists of (1) redefining the economic method, (2) structural modelling and analysis, (3) and redefining the political and educational philosophy. This article details Lowe’s basis for economic and public policy and pays particular attention to the need to create an apt political system centred on fostering economic democracy and promoting the interests of the public as a collective towards social ends.

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  • Michael J. Murray, 2022. "Economic method, public policy, and society: Adolph Lowe’s political economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 29(4), pages 600-618, July.
    • Handle: RePEc:taf:eujhet:v:29:y:2022:i:4:p:600-618
    DOI: 10.1080/09672567.2022.2058046
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