 A Paradigmatic Transition in the General Economic Theory (for the Conditions of Bulgaria)Vasil Todorov ()
Nauchni trudove, 2024, issue 1, 13-45 Abstract: From the criticisms and discussions lasting decades, and from the correlation of the theory with the reality, a conclusion follows: the neoliberal neoclassical is at variance with the reality, it is inadequate to it. This is increasingly being realized, not only in academia, but also outside of it, and as a result, there is a large-scale loss of confidence in neoliberal neoclassicism and its qualities as a theory for the real economy. In this context, it is necessary to make a paradigm shift in general economic theory, to a new paradigm that will limit or overcome the dominance of the neoliberal neoclassical paradigm. The transition begins. It is less pronounced in the Anglo-Saxon world (USA, Great Britain) and more noticeable in Continental Europe (in Germany, France, Russia, Austria). The key word in it is „pluralism“: replacing the monopolistic dominance of one theory (neoliberal neoclassicism) with a pluralistic body of knowledge (in which neoclassicism will also participate). Keywords: paradigm; paradigmatic transition; neoliberal neoclassics; general economic theory (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2024:i:1:p:13-45 Access Statistics for this article More articles in Nauchni trudove from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC. |
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