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Calls for change. The scientific status of economic theory and the future of democracy: A review of three recent contributions
Forum for Social Economics Pub Date : 2018-09-26 , DOI: 10.1080/07360932.2018.1492430
Riccardo Evangelista 1
Affiliation  

Abstract After the last financial crisis, economic theory and economists have largely lost their credibility. Not having been able to foresee and explain the recession, they have clearly shown that a deep methodological reform of the discipline is necessary. With its restrictive assumptions and the self-referentiality of formal models, mainstream economics has indeed become highly unrealistic and therefore unable to face the deep and evident problems of capitalistic society. The books reviewed in this paper try to criticize economic theory from three closely related points of view: the technical drift that has endangered democracy and annulled the role of citizens in public choices, the sometimes obscure role of economists and the way through which articles of low scientific relevance are published, and finally the decisive role of the Nobel Prize in economics to legitimize the market turn begun in the 1970s. Considering such a discouraging picture, it is necessary to ask whether there is still hope for reforming economics and if, possibly returning to the classics of economic thought, it is still possible to carry out a struggle based on ideas and not on dogmatic prejudices.

中文翻译:

呼吁改变。经济理论的科学地位和民主的未来:三项近期贡献的回顾

摘要 上次金融危机后,经济理论和经济学家在很大程度上失去了可信度。由于无法预见和解释经济衰退,他们清楚地表明,必须对该学科进行深入的方法论改革。由于其限制性假设和形式模型的自我参照性,主流经济学确实变得非常不切实际,因此无法面对资本主义社会深刻而明显的问题。本文所评论的书籍试图从三个密切相关的角度批评经济理论:危及民主并取消公民在公共选择中的作用的技术漂移,经济学家有时模糊的作用以及低收入文章的方式发表了科学相关性,最后,诺贝尔经济学奖在使市场转向合法化方面的决定性作用始于 1970 年代。考虑到这样令人沮丧的画面,有必要问一下,经济学改革是否还有希望,如果可能回到经济思想的经典,是否还有可能进行基于思想而不是教条偏见的斗争。
更新日期:2018-09-26
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