The Classical and Neoclassical Theoretical Traditions and the Evolutionary Study of the Dynamics of Globalization

Charis Vlados

No 24-2019, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: This article aims to present the theoretical foundations of the classical political economy through the contributions of Adam Smith and David Ricardo and to find out how their neoclassical followers interpreted, evaluated, and transformed this classical theoretical basis. Specifically, we analyze from a critical point of view the neoclassical interpretation of globalization by arguing that this theorization is probably insufficient in analytical terms. We conclude that an analytical counterproposal for the relative explanatory insufficiencies of the neoclassical synthesis is based on the modern evolutionary approach of globalization.

Keywords: Classical political economy; Neoclassical economics critique; Evolutionary approach; Globalization (search for similar items in EconPapers)
JEL-codes: B12 B52 F11 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2019-10-11
New Economics Papers: this item is included in nep-evo, nep-his and nep-hme
Note: Journal of Economics and Political Economy, 6(3), 257-280
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3475555 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2019_024

Access Statistics for this paper

More papers in DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics Department of Economics, University Campus, Komotini, 69100, Greece. Contact information at EDIRC.
Bibliographic data for series maintained by Periklis Gogas ().