On methods, history and reimagining the future of humanity

George Kararach ()

Chapter 16 in Liberating Economics From Ideologies and Dystopia, 2025, pp 203-213 from Edward Elgar Publishing

Abstract: Neoliberal economics has exhibited flaws in its attempts to address history and socio-economic dynamics through “economics imperialism” in the social sciences. While the depth and breadth of economic history itself has expanded, it has also become increasingly abstracted from the real world and society. Attention to the historical, social and methodological content of economic theory has been limited by its axiomatic and algebraic foundations. There is an urgent need to draw upon richer, earlier understandings of the social and historical within economic theory, and to integrate economics more deeply with other social sciences by removing artificial distinctions between the “economic” and “non-economic”. This would redefine the relations among economics, the economy and society as worthy subjects of scholarship and decision-making. Heterodox approaches to economic analysis should be preferred over the neoliberal method, which oversimplifies the scientific process compared to approaches in the wider academic community.

Keywords: Neoliberal economics; History; Socio-economic dynamics; Social sciences; Scientific method (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035316175
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