Contemporary substitutes of the political economy
The subject of this paper is a critique of the selective theoretical modelings of economic realities, which are monistic (quasi-neoliberal) and mathematical-statistical in nature. In this sense, the theme named Contemporary Substitutes of the Political Economy is defined. The aim of this research...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Russian Academy of Sciences, Institute of Economics of the Ural Branch
2016-03-01
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| Series: | Экономика региона |
| Subjects: | |
| Online Access: | http://www.economyofregion.com/archive/2016/58/2762/pdf/ |
| _version_ | 1797727809631682560 |
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| author | Mimo Draskovic Slobodan Lakic Veselin Draskovic |
| author_facet | Mimo Draskovic Slobodan Lakic Veselin Draskovic |
| author_sort | Mimo Draskovic |
| collection | DOAJ |
| description | The subject of this paper is a critique of the selective theoretical modelings of economic realities, which
are monistic (quasi-neoliberal) and mathematical-statistical in nature. In this sense, the theme named
Contemporary Substitutes of the Political Economy is defined. The aim of this research is that the above-mentioned
modeling of economic reality would be described as a deliberate motion from the analysis and explanation
of fundamental economic problems towards secondary issues. Therefore, we characterize them as unfair
and programmed ways of fogging the essence of economic problems and crisis. We start from the hypothesis
that these modelings replaced and virtually eliminated the former synthesized and useful political-economic
analysis. In this paper, we have used a descriptive, comparative methods, panel sample and a
schematic logic modeling. The results of our research show that the substitution of political economy by neoclassical
and neoliberal economics is performed over a longer period, and through prioritizing the mathematical
and statistical econometric analysis. As a proof, we present our selective research panel using a sample
of 39 issues from five international journals, which can be found in databases SSCI and Scopus. This research
is limited by the unavailability of most journals on the Internet and in printed publications. The application
area of the research results is an economic theory. In conclusion, we ascertain the need for greater
affirmation of political economy, which in combination with new institutional theory, enables a more realistic
view of social and economic reality. |
| first_indexed | 2024-03-12T11:04:46Z |
| format | Article |
| id | doaj.art-cc596ba5c49e4fa9b05e0e7476e74099 |
| institution | Directory Open Access Journal |
| issn | 2072-6414 2411-1406 |
| language | English |
| last_indexed | 2024-03-12T11:04:46Z |
| publishDate | 2016-03-01 |
| publisher | Russian Academy of Sciences, Institute of Economics of the Ural Branch |
| record_format | Article |
| series | Экономика региона |
| spelling | doaj.art-cc596ba5c49e4fa9b05e0e7476e740992023-09-02T04:14:25ZengRussian Academy of Sciences, Institute of Economics of the Ural BranchЭкономика региона2072-64142411-14062016-03-01121374510.17059/2016-1-3Contemporary substitutes of the political economyMimo Draskovic0Slobodan Lakic1Veselin Draskovic2 University of MontenegroUniversity of MontenegroUniversity of Montenegro The subject of this paper is a critique of the selective theoretical modelings of economic realities, which are monistic (quasi-neoliberal) and mathematical-statistical in nature. In this sense, the theme named Contemporary Substitutes of the Political Economy is defined. The aim of this research is that the above-mentioned modeling of economic reality would be described as a deliberate motion from the analysis and explanation of fundamental economic problems towards secondary issues. Therefore, we characterize them as unfair and programmed ways of fogging the essence of economic problems and crisis. We start from the hypothesis that these modelings replaced and virtually eliminated the former synthesized and useful political-economic analysis. In this paper, we have used a descriptive, comparative methods, panel sample and a schematic logic modeling. The results of our research show that the substitution of political economy by neoclassical and neoliberal economics is performed over a longer period, and through prioritizing the mathematical and statistical econometric analysis. As a proof, we present our selective research panel using a sample of 39 issues from five international journals, which can be found in databases SSCI and Scopus. This research is limited by the unavailability of most journals on the Internet and in printed publications. The application area of the research results is an economic theory. In conclusion, we ascertain the need for greater affirmation of political economy, which in combination with new institutional theory, enables a more realistic view of social and economic reality.http://www.economyofregion.com/archive/2016/58/2762/pdf/political economyneoliberalismquasi-neoliberalismmodeling of economic realityinstitutional pluralism |
| spellingShingle | Mimo Draskovic Slobodan Lakic Veselin Draskovic Contemporary substitutes of the political economy Экономика региона political economy neoliberalism quasi-neoliberalism modeling of economic reality institutional pluralism |
| title | Contemporary substitutes of the political economy |
| title_full | Contemporary substitutes of the political economy |
| title_fullStr | Contemporary substitutes of the political economy |
| title_full_unstemmed | Contemporary substitutes of the political economy |
| title_short | Contemporary substitutes of the political economy |
| title_sort | contemporary substitutes of the political economy |
| topic | political economy neoliberalism quasi-neoliberalism modeling of economic reality institutional pluralism |
| url | http://www.economyofregion.com/archive/2016/58/2762/pdf/ |
| work_keys_str_mv | AT mimodraskovic contemporarysubstitutesofthepoliticaleconomy AT slobodanlakic contemporarysubstitutesofthepoliticaleconomy AT veselindraskovic contemporarysubstitutesofthepoliticaleconomy |