IDEAS home Printed from https://ideas.repec.org/p/zbw/kondp1/49.html
   My bibliography  Save this paper

On the methodology and political economy of Galbraithian economics

Author

Listed:
  • Gäfgen, Gérard

Abstract

The paper analyzes J. K. Galbraith's new vision of the economic system of the U.S.A., seen as an example of popular institutionalist thinking. Such a critique seems important because of Galbraith's claim to a closed and complete doctrine ana because of the growing influence of his vulgarized economics. An examination of his methods discovers deficiencies of the systemic approach, obscurities in concept formation, arbitrary formulations of behavioral theories, purely persusive modes of argumentation and techniques of immunization against contrary evidence. An analysis of his system of political economy shows that it lacks a genuine theory of the state and a truly consistent explanation of inequalities of power. So his programme of reforms and of measures of economic policy rests upon rather weak methodological and theoretical foundations.

Suggested Citation

  • Gäfgen, Gérard, 1974. "On the methodology and political economy of Galbraithian economics," Discussion Papers, Series I 49, University of Konstanz, Department of Economics.
    • Handle: RePEc:zbw:kondp1:49
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/78116/1/715206028.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Adem LEVENT, 2016. "Power, Market and Techno-Structure in John Kenneth Galbraith’s Thought," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 214-218, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:kondp1:49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwkonde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.