EconPapers    
Economics at your fingertips  
 

Social Science, Administrative Science, and Entangled Political Economy

Richard E. Wagner ()
Additional contact information
Richard E. Wagner: George Mason University

A chapter in Realism, Ideology, and the Convulsions of Democracy, 2023, pp 1-16 from Springer

Abstract: Abstract This essay treats entangled political economy within the history of political economy. It explains that entangled political economy is not so much a new development in economics as it is a revisitation of some old themes that were swept aside in the conversion of political economy into economics starting late in the nineteenth century. With this conversion, what had been a science of social organization transformed into a science of resource allocation and rational calculation. Economics morphed from a science of society into a science of rational administration. With the importation of the calculus of maxima and minima, rational resource allocation came to occupy the analytical foreground and political economy was converted into economics; moreover, political economy came to denote public policy and the political oversight of corporate enterprise, abolishing in the process all semblance of the classical vision of political economy. In contrast, entangled political economy reflects an awareness of what was lost through this transformation into neoclassicism along with a desire to recover some of that lost heritage, although using some new analytical methods, techniques, and insights along the way.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:stpchp:978-3-031-39458-4_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031394584

DOI: 10.1007/978-3-031-39458-4_1

Access Statistics for this chapter

More chapters in Studies in Public Choice from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:spr:stpchp:978-3-031-39458-4_1