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One paradigm or many?: Toward a democracy-oriented economics
Mälardalen University, School of Business, Society and Engineering, Industrial Economics and Organisation. (Ekonomi för hållbar utveckling)ORCID iD: 0000-0003-2689-819X
2020 (English)In: WEA Commentaries, ISSN 2515-2602, Vol. 10, no 4, p. 7-7Article in journal (Other academic) Published
Abstract [en]

Mainstream neoclassical economics is not neutral with respect to values and ideological orientation. In university departments of economics there is a close to monopoly position of neoclassical economics as paradigm. This is a specific political economics, that is economics with a specific ideological orientation. In a democracy we are expected to listen to actors who differ with respect to ideological orientation.

Present development is unsustainable in relation to some of the UN defined 17 sustainable development goals (SDGs). Present unsustainable development has largely been based on neoclassical economics as paradigm and the connected neoliberal ideology. If we wish to deal seriously with issues of unsustainable development in different forms we have to encourage competing or complemmentary paradigms in economics

Place, publisher, year, edition, pages
Bristol UK, 2020. Vol. 10, no 4, p. 7-7
Keywords [en]
paradigm, democracy, sustainable development goals, economics, ideological orientation
National Category
Social Sciences Economics and Business
Identifiers
URN: urn:nbn:se:mdh:diva-53040OAI: oai:DiVA.org:mdh-53040DiVA, id: diva2:1518774
Available from: 2021-01-17 Created: 2021-01-17 Last updated: 2022-11-08Bibliographically approved

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http://www.worldeconomicsassociation.org/newsletterarticles/one-paradigm-or-many/

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Söderbaum, Peter

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