Philosophy of economics: the analysis of alternative directions

Alternative directions in modern economic theory assume philosophical justification. The paper provides methodological analysis of the following alternative directions in economics: the new Austrian school, modern institutionalism, radical political economy, post-Keynesian economics, natural-scienti...

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Main Author: Gerashchenko Igor Germanovich
Format: Article
Language:English
Published: Institute of Modern Humanitarian Researches 2024-12-01
Series:Studia Humanitatis
Subjects:
Online Access:https://st-hum.ru/en/node/1366/
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author Gerashchenko Igor Germanovich
author_facet Gerashchenko Igor Germanovich
author_sort Gerashchenko Igor Germanovich
collection DOAJ
description Alternative directions in modern economic theory assume philosophical justification. The paper provides methodological analysis of the following alternative directions in economics: the new Austrian school, modern institutionalism, radical political economy, post-Keynesian economics, natural-scientific economic theory, traditionalist economics, agricultural economics, feminist economic theory. The author substantiates the idea that heterodox economic theory poses such problems that cannot find an adequate solution within the framework of economics. Therefore, there is an urgent need to create a new economic theory that would synthesize orthodox and unorthodox doctrines.
format Article
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institution Kabale University
issn 2308-8079
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publishDate 2024-12-01
publisher Institute of Modern Humanitarian Researches
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spelling doaj-art-6c44a05c415441a180bdafce2a351e082025-01-28T00:43:02ZengInstitute of Modern Humanitarian ResearchesStudia Humanitatis2308-80792024-12-014Philosophy of economics: the analysis of alternative directionsGerashchenko Igor Germanovich0Volgograd Institute of Management (branch office) of Russian Presidential Academy of National Economy and Public Administration (Volgograd, Russia)Alternative directions in modern economic theory assume philosophical justification. The paper provides methodological analysis of the following alternative directions in economics: the new Austrian school, modern institutionalism, radical political economy, post-Keynesian economics, natural-scientific economic theory, traditionalist economics, agricultural economics, feminist economic theory. The author substantiates the idea that heterodox economic theory poses such problems that cannot find an adequate solution within the framework of economics. Therefore, there is an urgent need to create a new economic theory that would synthesize orthodox and unorthodox doctrines.https://st-hum.ru/en/node/1366/philosophy of economicsalternative economicsheterodox economicseconomicsradical economic theorynew austrian school
spellingShingle Gerashchenko Igor Germanovich
Philosophy of economics: the analysis of alternative directions
Studia Humanitatis
philosophy of economics
alternative economics
heterodox economics
economics
radical economic theory
new austrian school
title Philosophy of economics: the analysis of alternative directions
title_full Philosophy of economics: the analysis of alternative directions
title_fullStr Philosophy of economics: the analysis of alternative directions
title_full_unstemmed Philosophy of economics: the analysis of alternative directions
title_short Philosophy of economics: the analysis of alternative directions
title_sort philosophy of economics the analysis of alternative directions
topic philosophy of economics
alternative economics
heterodox economics
economics
radical economic theory
new austrian school
url https://st-hum.ru/en/node/1366/
work_keys_str_mv AT gerashchenkoigorgermanovich philosophyofeconomicstheanalysisofalternativedirections