Widening Wicksell’s conception of political economy: his “thoroughly revolutionary programme”

Léon Guillot

The European Journal of the History of Economic Thought, 2019, vol. 26, issue 6, 1275-1309

Abstract: Knut Wicksell’s opinion that political economy is a “thoroughly revolutionary programme” has often been neglected in the literature. Actually, Wicksell aimed at implementing such a programme in order to enlarge political economy as a “practical science”. It is articulated around three main features: a criticism of the marginal theories, the redefinition of society as a whole, and the advent of social justice. Indeed, Wicksell claimed that economic and social problems may be solved only by a complete social reorganisation. Hence, I show that Wicksell’s social reform programme drives his particular view of and approach to political economy.

Date: 2019
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DOI: 10.1080/09672567.2019.1635181

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