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dc.contributor.authorHodgson, G.M.
dc.date.accessioned2011-11-02T09:01:11Z
dc.date.available2011-11-02T09:01:11Z
dc.date.issued2011-09-01
dc.identifier.citationHodgson , G M 2011 , ' Sickonomics : Diagnoses and remedies ' , Review of Social Economy , vol. 69 , no. 3 , pp. 357-376 . https://doi.org/10.1080/00346764.2010.502839
dc.identifier.issn0034-6764
dc.identifier.otherPURE: 436729
dc.identifier.otherPURE UUID: 0ac7010c-b6a5-470c-aea3-99d9b6a0e9a7
dc.identifier.otherScopus: 80052206078
dc.identifier.urihttp://hdl.handle.net/2299/6875
dc.descriptionOriginal article can be found at: http://www.tandfonline.com/ Copyright Taylor & Francis
dc.description.abstractIn their recent analysis of the alleged decay in modern economics, Ben Fine and Dimitris Milonakis claim to find its source and origin in the "marginal revolution" of the 1870s. They argue that this development led to "methodological individualism" and the detachment of economics from society and history. I contest their account of the marginal revolution and of the role of Alfred Marshall among others. They also fail to provide an adequate definition of methodological individualism. I suggest that neoclassical economics adopted a denuded concept of the social rather than removing these factors entirely. No such removal is possible in principle. It is also mistaken to depict neoclassical economics as the science of prices and the market. In truth, neoclassical economics fails to capture the true nature of markets. I consider some sketch an alternative explanation of the sickness of modern economics, which focuses on institutional developments since World War II.en
dc.format.extent20
dc.language.isoeng
dc.relation.ispartofReview of Social Economy
dc.titleSickonomics : Diagnoses and remediesen
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.contributor.institutionGroup for Research in Organisational Evolution
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.description.statusPeer reviewed
dc.date.embargoedUntil2013-03-01
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=80052206078&partnerID=8YFLogxK
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1080/00346764.2010.502839
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue


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