METHODOLOGY OF CLASSICAL POLITICAL ECONOMY: INTERPRETATION FROM 19TH CENTURY RUSSIA

Anton Galeev ()
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Anton Galeev: National Research University Higher School of Economics

HSE Working papers from 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.

Keywords: classical political economy; economic methodology; Adam Smith; Yuli Zhukovsky; deduction; abstraction (search for similar items in EconPapers)
JEL-codes: B12 B31 B41 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2024
New Economics Papers: this item is included in nep-cis, nep-his, nep-hme and nep-hpe
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Published in WP BRP Series: Economics / EC, October 2024, pages 1-18

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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:270/ec/2024

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