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Conceptual Economics:The Liaising Role in Politics and Social Sciences

Author

Listed:
  • Kui-Wai Li

    (The Kui-Wai consultancy for Economic Development, Canada)

Abstract

Given that there is no shortage of economic theories while economic problems are growing periodically, Conceptual Economics boldly attempts to initiate a new approach by employing conceptual and intuitive tools to examine the intra-relationship between microeconomics and macroeconomics as well as the inter-relationship between economic analysis and other social science studies, especially the relationship with political science. The few intuitive ideas include the separation between ex-ante situations and ex-post outcomes, the difference between endowment differences and unequal outcomes, and the role of economics as a vehicle in the delivery of numerous social and political activities. The discussion extends to cover an analysis on human values and concludes with a recommendation on the functionality of civic capitalism. With intuition and analytical reasoning within economics and with other social sciences, Conceptual Economics can become a new branch in economic study where scholars, analysts and intellectuals could "think outside the box" by liaising a wider economic perspective and/or amalgamating non-economic aspects into their analysis. This shall provide a new dimension to solving human economic problems and possibly area of intellectuality.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Kui-Wai Li, 2021. "Conceptual Economics:The Liaising Role in Politics and Social Sciences," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 11881, December.
    • Handle: RePEc:wsi:wsbook:11881
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    Book Chapters

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    Keywords

    Economic Concepts and Intuition; Microeconomics and Macroeconomics; Ex-Ante and Ex-Post Analysis; Economic Difference versus Inequality; Economic Endowment; Measure of Value; Political Economy; Civic Capitalism;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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