HOW DEEP IS THE  CRISIS OF NEOCLASSICAL  POLITICAL ECONOMY?

Taner AKAN

doi:https://doi.org/10.17065/huniibf.470418

Article Details

HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?

Authors:

Taner AKAN

Publisher:

Hacettepe University

Main Topics:

Sociology and anthropology

Journal:

Hacettepe University Journal of Economics and Administrative Sciences 2020 Vol.38 Issue 1, pp.1-32

Document Type:

Article

Publication Date:

3/2020

Document Language:

English

Document ID (Org No.):

2000455862

Frequency:

Quarterly

eISSN:

1309-6338

pISSN:

1301-8752

DOI:

https://doi.org/10.17065/huniibf.470418

Abstract:

 


The paper aims to explain how deep the ongoing crisis of neoclassical political economy – NCPE is and if this crisis can be overcome through an inside-out change. For this purpose, the paper first investigates the roots of this crisis across the NCPE’s epistemological, economic, and political axioms at the level of theory. The paper then analyses the practical implications of this theoretical investigation with reference to the US model of political economy, including a comparative account of this model with the German model in terms of the commonality or variety of the NCPE’s impact on liberal and illiberal countries. The paper concludes that the NCPE’s ongoing crisis is an epistemological and systemic one emanating out of its flawed theoretico-practical pillars and that this crisis cannot be overcome through an inside-out change due to the inter-blocking dynamics of these pillars.

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Bu çalışma neoklasik ekonomi politiğin - NKEP devam eden krizinin yapısal derinliğini ve krizin neoklasik modelin kendi politika araçları ile aşılıp aşılamayacağını açıklamayı hedeflemektedir. Çalışma, ilk olarak, anılan krizin temellerini neoklasik teorinin epistemolojik, iktisadi ve siyasal dinamikleri çerçevesinde ve teorik ölçekte irdelemektedir. İkinci olarak ise bu teorik analizin pratik içerimlerini ABD’nin ekonomi politik modeline referansla açıklamaktadır. Bu analiz, ayrıca, NKEP’nin liberal ve liberal olmayan ekonomiler üzerindeki etkisinin ortak ve farklı içerimlerini açıklamayı amaçlayan ABD ve Alman modelleri arasındaki bir karşılaştırmayı da içermektedir. Çalışmada, NKEP’nin devam eden krizinin sorunlu teorik ve pratik dinamiklerinden kaynaklandığı ve bu dinamiklerin sistemik bir değişimi bloke eden özellikleri nedeniyle anılan krizin NKEP’nin içsel politika araçlarıyla aşılmasının mümkün olmadığı sonucuna varılmaktadır.

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Article Details

HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?

Authors: Taner AKAN

Publisher: Hacettepe University

Main Topics: Sociology and anthropology

Journal: Hacettepe University Journal of Economics and Administrative Sciences 2020 Vol.38 Issue 1, pp.1-32

Document Type: Article

Publication Date: 3/2020

Document Language: English

Document ID (Org No.): 2000455862

Frequency: Quarterly

eISSN: 1309-6338

pISSN: 1301-8752

DOI: https://doi.org/10.17065/huniibf.470418

Issues

Authors:

Taner AKAN

Publisher:

Hacettepe University

Main Topics:

Sociology and anthropology

Journal:

Hacettepe University Journal of Economics and Administrative Sciences 2020 Vol.38 Issue 1, pp.1-32

Document Type:

Article

Publication Date:

3/2020

Document Language:

English

Document ID (Org No.):

2000455862

Frequency:

Quarterly

eISSN:

1309-6338

pISSN:

1301-8752

DOI:

https://doi.org/10.17065/huniibf.470418