Widening Wicksell’s conception of political economy: his “thoroughly revolutionary programme”

Élargir la conception de l’économie politique de Wicksell: son « programme complètement révolutionnaire »

Léon Guillot
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Léon Guillot: PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: Knut Wicksell's opinion that political economy is a "thoroughly revolutionary programme" has often been neglected in the literature. Actually, Wicksell aimed at implementing such a programme in order to enlarge political economy as a "practical science". It is articulated around three main features: a criticism of the marginal theories, the redefinition of society as a whole, and the advent of social justice. Indeed, Wicksell claimed that economic and social problems may be solved only by a complete social reorganisation. Hence, I show that Wicksell's social reform programme drives his particular view of and approach to political economy.

Keywords: Knut Wicksell; social justice; marginalism; instability (search for similar items in EconPapers)
Date: 2019-11-02
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Published in European Journal of the History of Economic Thought, 2019, 26 (6), pp.1275-1309. ⟨10.1080/09672567.2019.1635181⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04008219

DOI: 10.1080/09672567.2019.1635181

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