Economics and Economic Theory - a Path Towards the Alternatives

Svetla Toshkova ()
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Svetla Toshkova: University of National and World Economy

Economy and Economic Theory: Problems and Interactions, Conference Proceedings 2017, 2017, issue 1, 35-46

Abstract: The article looks at the development of modern economic theory in recent decades, which is in the process of profound transformation - a process of new search in methodology and changes in the main theoretical models /paradigms/. It defends the thesis that economic theory has reached a stage of imperative rethinking of basic methodological approaches and basic theoretical postulates in the direction of limiting the influence of the neoclassical paradigm and rejecting the formulation of socially neutral economic science. The real problems of the economic development impose increasingly the understanding of the incorporation of the economy into the overall politico-economic, socioinstitutional system based on the values of the socio-cultural, moral-ethical, historical-evolutionary development which supersedes the domination of neoclassical theory and leads to alternative theories and concepts.

Keywords: political economy; alternative theories; postcapitalism (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vra:pr1712:y:2017:i:1:p:35-46

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