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Methodology Of Classical Political Economy: Interpretation From 19th Century Russia

Author

Listed:
  • Anton Galeev

    (National Research University Higher School of Economics)

Abstract

The paper discusses Yuli Zhukovsky’s 1864 article “Smithian Direction and Positivism in Economics”, one of the first research in methodology of political economy in Russia. Zhukovsky contrasts the abstract theorising of classical economists like Adam Smith and David Ricardo with the empiricism of his contemporaries like Henry Macleod. Zhukovsky advocates for a deductive, universal approach in economic theory, emphasising the importance of abstract models to explain economic phenomena. His interpretation of Smith aligns with modern views on classical political economy, focusing on the formation of theoretical systems from empirical facts.

Suggested Citation

  • Anton Galeev, 2024. "Methodology Of Classical Political Economy: Interpretation From 19th Century Russia," HSE Working papers WP BRP 270/EC/2024, National Research University Higher School of Economics.
    • Handle: RePEc:hig:wpaper:270/ec/2024
    as

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    File URL: https://wp.hse.ru/data/2024/11/01/1931269405/270EC2024.pdf
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    References listed on IDEAS

    as
    1. Anton Galeev, 2022. "Yuli Zhukovsky’s contribution to Russian debates on economic development of the 1860s–70s," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 29(6), pages 1042-1051, November.
    2. White, Michael V., 2010. "Thirsting For The Fray: The Cambridge Dunning Of Mr. Macleod," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(3), pages 305-328, September.
    3. Henry J. Bittermann, 1940. "Adam Smith's Empiricism and the Law of Nature," Journal of Political Economy, University of Chicago Press, vol. 48(5), pages 703-703.
    4. Bruce Caldwell, 1980. "Positivist Philosophy of Science and the Methodology of Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 14(1), pages 53-76, March.
    5. Henry J. Bittermann, 1940. "Adam Smith's Empiricism and the Law of Nature: I," Journal of Political Economy, University of Chicago Press, vol. 48(4), pages 487-487.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    classical political economy; economic methodology; Adam Smith; Yuli Zhukovsky; deduction; abstraction;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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