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Markets in the light of Political-Economic Actors and Democracy: Reconsidering Conceptual Framework for Sustainability Politics
Mälardalen University, School of Business, Society and Engineering. (Ekonomi för hållbar utveckling)ORCID iD: 0000-0003-2689-819X
2018 (English)In: Top 5 Contributions on Social & Political Sciences / [ed] Avid Science (Open Access), Avid Science Contact @avidscience.com , 2018, p. 2-28Chapter in book (Other academic)
Abstract [en]

The conceptual framework of neoclassical economics has been quite stable over the years while present challenges point in the direction of a need for new thinking and a new conceptual framework. Neoclasical economics is more or less blind to equality issues and not enough to deal constructively with present unsustainable trends. I suggest important elements of such a new conceptual framework as part of a pluralistic understanding of economics.

When compared with neoclassical economics, the political dimension is emphasized thus making democracy a fundamental principle for relationships in markets and socityat large. A political economics is suggested where individuals are understood as political economic persons and organizations as political economic organizations. This leads to a different understanding of markets from that of neoclassical supply and demand. The ethics and responsibilities of market actors in a democratic society is considered relevant and something to be investigated for purposes of sustainability politics. Approaches to decision-making are also discussed. Emphasis on democracy suggests a different approach from that of neoclassical Cost-Benefit Analysis (CBA)

Place, publisher, year, edition, pages
Avid Science Contact @avidscience.com , 2018. p. 2-28
Keywords [en]
political economy, political economic person, political economic organization, ideological orientation, mission, market models. positional analysis (PA), sustainability politics
National Category
Social Sciences Economics and Business
Research subject
Industrial Economics and Organisations
Identifiers
URN: urn:nbn:se:mdh:diva-41469OAI: oai:DiVA.org:mdh-41469DiVA, id: diva2:1267265
Note

Detta är en redigerad variant av en text som tidigare publicerats i Journal of Political Sciences & Public Affairs May 2013 (J Pol Sci Pub Aff 1:103. doi:10.4172/2332-0761.1000103

Available from: 2018-11-30 Created: 2018-11-30 Last updated: 2018-12-05Bibliographically approved

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Other links

http://www.avidscience.com/wp-content/uploads/2017/10/Markets-in-the-Light-of-Political-Economic-Actors-and-Democracy-Reconsidering-Conceptual-Framework-for-Sustainability-Politics.pdf

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
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  • asciidoc
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