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Economics in Context

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  • Jerry Evensky

Abstract

Academic departmentalization has limited the dimensionality and thus the richness of analysis in the social sciences. The author examines the case of a modern economics as an example. He reviews the ideas of Williamson (2000), who cites the limits of scope in the New Institutional Economics; Buchanan, who lays bare the ethical foundations of political economy in his constitutional economics; and Adam Smith, whose moral philosophy reflects a fully dimensional analysis. The author cites examples of how modern economic analysis can be enhanced by a reintegration with the other social sciences.

Suggested Citation

  • Jerry Evensky, 2004. "Economics in Context," The Journal of Economic Education, Taylor & Francis Journals, vol. 35(2), pages 197-211, April.
    • Handle: RePEc:taf:jeduce:v:35:y:2004:i:2:p:197-211
    DOI: 10.3200/JECE.35.2.197-211
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    Cited by:

    1. Mbatha, C. Nhlanhla & Antrobus, G.G., 2008. "Institutions and economic research: a case of location externalities on agricultural resource allocation in the Kat River basin, South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 47(4), pages 1-19, December.
    2. Stephen Graham Saunders, 2008. "Toward Bridging The Gap Between Theory And Empirical Reality," South African Journal of Economics, Economic Society of South Africa, vol. 76(4), pages 738-748, December.
    3. Stephane Tywoniak & Peter Galvin & Jennifer Davies, 2007. "New Institutional Economics' contribution to strategic groups analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 213-228.

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