Economics in Context

Jerry Evensky

The Journal of Economic Education, 2004, vol. 35, issue 2, 197-211

Abstract: Academic departmentalization has limited the dimensionality and thus the richness of analysis in the social sciences. The author examines the case of a modern economics as an example. He reviews the ideas of Williamson (2000), who cites the limits of scope in the New Institutional Economics; Buchanan, who lays bare the ethical foundations of political economy in his constitutional economics; and Adam Smith, whose moral philosophy reflects a fully dimensional analysis. The author cites examples of how modern economic analysis can be enhanced by a reintegration with the other social sciences.

Date: 2004
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DOI: 10.3200/JECE.35.2.197-211

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