Why We Could Need a Relational Economics and Why Standard Economics and Its (Orthodox) Derivations Do not Help

Lucio Biggiero ()
Additional contact information
Lucio Biggiero: University of L’Aquila

A chapter in The Relational View of Economics, 2022, pp 43-74 from Springer

Abstract: Abstract The theoretical landscape of economic, management, and social sciences is already rather crowded to advance with light heart a further proposal. Therefore, this chapter aims only to offer elements to reason about the opportunity to create the new research field of Relational Economics. I suggest three main lines of reasoning that can help for this purpose. Firstly, I attempt to show that Standard Economics and its (orthodox) derivations do not provide the right theoretical background. Secondly, I argue that complexity science should be the methodological and epistemological framework on which developing Relational Economics. Finally, I outline five research streams—behavioral and evolutionary economics, analytical and relational sociology, and organization science—that could be the building blocks of the new approach. They are largely consistent and partially overlapped with each other, and thus, beyond the relatively different languages, it is not difficult to imagine its convergence to a unitary proposal.

Keywords: Analytical sociology; Austrian economic theory; Behavioral economics; Complexity science; Economic interactions and networks; Emergence; Evolutionary economics; Organization science; Relational economics; Relational sociology; Self-organization; Standard economics; Transaction cost economics (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:recchp:978-3-030-86526-9_4

Ordering information: This item can be ordered from
http://www.springer.com/9783030865269

DOI: 10.1007/978-3-030-86526-9_4

Access Statistics for this chapter

More chapters in Relational Economics and Organization Governance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().