https://www.mdu.se/

mdu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The Challenge of Sustainable Development: From Technocracy to Democracy-Oriented Political Economics
Mälardalen University, School of Business, Society and Engineering, Industrial Economics and Organisation. (Ekonomi för hållbar utveckling)ORCID iD: 0000-0003-2689-819X
2021 (English)In: Economic Thought, ISSN 2055-6314, Vol. 10, no 1, p. 1-13Article in journal (Refereed) Published
Abstract [en]

Mainstream neoclassical economics, as well as heterodox schools, should be regarded as different kinds of 'political economics'. There is no value-free economics. We therefore need to bring democracy into economics. The present challenge of sustainable development suggests that a new conceptual framework in economics is needed. In this essay, a political and democratic view of individualss, organizations, decision-making, markets, assessment of investment projects and policy options is proposed. The imperative of democracy also implies that the close to monopoly position of neoclassical theory and method at university departments of economics has to be replaced by pluralism. There is a continued role for neoclassical theory and method, considering the fact that millions of professionals have been indoctrinated in this particular way of understanding efficiency and governance, but the idea that neoclasssical theory is best for all purposed has to be abandoned.

Place, publisher, year, edition, pages
2021. Vol. 10, no 1, p. 1-13
Keywords [en]
sustainable development, democracy, political economics, political economic person, ideological orientation, political economic organization, mission, decision-making, matching, positional analysis, actor-network perspective
National Category
Social Sciences
Research subject
Industrial Economics and Organisations
Identifiers
URN: urn:nbn:se:mdh:diva-55505Scopus ID: 2-s2.0-85119176819OAI: oai:DiVA.org:mdh-55505DiVA, id: diva2:1582762
Note

Tidskriften Economic Thought är utgiven av World Economics Association https://www.worldeconomicassociation.org är av open access typ

Available from: 2021-08-03 Created: 2021-08-03 Last updated: 2023-09-21Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Scopushttp://et.worldeconomicsassociation.org/files/2021/07/WEA-ET-10.1-Soderbaum.pdf

Search in DiVA

By author/editor
Söderbaum, Peter
By organisation
Industrial Economics and Organisation
Social Sciences

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 62 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf