Dimitris Milonakis
Biographic Data
| ID | 114102 |
|---|---|
| NAME | Dimitris Milonakis |
| GIVEN NAMES | Dimitris |
| FAMILY NAME | Milonakis |
| SIGNATURE | MILONAKIS D |
| AFFILIATIONS | University of Crete |
| ORCID | 0000-0002-0019-9289 |
| VERIFIED | Yes |
| TOTAL WORKS | 19 |
| TOTAL CITATIONS | 19 |
| AUTHOR COUNT | 19 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1993 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 3 |
An Early Anticipation of Market Socialism? Liberalism, Heresy, and Knowledge in John Stuart Mill's Political Economy of Socialism
John Stuart Mill is considered one of the most important representatives of the classical school of political economy. His intellectual development exhibited a gradual transition toward more socialistic views. This transition was partly the result of his interaction with French utopian socialists, which led Mill to theoretically construct an economic system lying between what is now called market capitalism and revolutionary socialism. For Mill, …
Smith’s Wealth of Nations and the economic past: Setting the scene for economic history
Although Adam Smith used history extensively in his Wealth of Nations, his contribution to economic history is neither systematised nor explicitly presented. The aimof this paper is to investigate the ways in which history is incorporated in Smith’s political economy and to elucidate the role of historical investigation in Smith’s Wealth of Nations. We propose a “four thematic” approach of Smith’s use of history, corresponding to four distinct wa…
Paradigm Change or Assimilation? The Case of Behavioral Economics
In light of Thomas Kuhn’s view that paradigm change requires the existence of an alternative paradigm, this inquiry examines whether behavioral economics provides a foundation for change in economics. Drawing on Kuhn’s account of normal science that integrates science as a social system and a system of ideas, it critically examines the institutional and conceptual standing of behavioral economics relative to the mainstream paradigm and the altern…
Phantom investments, hegemony and the chameleon of dispossession: Tourism development at Cavo Sidero- Crete, Greece
Questioning the prevailing discourse of multiple benefits surrounding tourism development, this paper examines the Itanos Gaia investment on Cavo Sidero peninsula, north-eastern Crete as a hegemonic project of dispossession. Drawing on David Harvey’s theorisation of accumulation by dispossession and Gramsci’s original work on hegemony, we describe and analyse the specificities and antinomies of the Itanos Gaia project, first to chart the modaliti…
Accumulation by dispossession and hegemony in place: The Greek experience
Seeking to make sense of the Greek crisis Odyssey and the attendant restructuring of the economy, this article focuses on the spatial dynamics of the crisis. To this end, it builds on Harvey's concept of accumulation by dispossession and Gramscian hegemony to evaluate the crisis remedy administered to Greece. An attempt is made to demonstrate dispossession of land, public resources and natural assets as a hegemonic project, as it takes place, lin…
Coasean Theory of Property Rights and Law Revisited: A Critical Inquiry
Ronald Coase's famous Theorem states that externalities - third-party effects of transactions that undermine the supposed optimality of competitive equilibrium - do not need to be corrected by active government policy, as in the classical presentation by A. C. Pigou, if there are complete markets in property rights. This Theorem, however, is inherently flawed, as revealed by “internal” or “immanent” critique of its assumptions. It thus fails, eve…
Interrogating Sickonomics, from Diagnosis to Cure: A Response to Hodgson
Hodgson's review of our books argues against us that marginalism neither adopted methodological individualism nor excluded the social from economics. Thus, he finds a partial solution to sickonomics in abandoning the term methodological individualism and using both structures and individuals as analytical starting point(s), revisiting Marshallian marginalism dressed up in socio-institutional clothing. He also denies any relationship between the c…
From Freakonomics to Political Economy
In this response to the symposium on our two books we try to deal as fully as possible in the brief space available with most of the major issues raised by our distinguished commentators. Although at least three of them are in agreement with the main thrust of the arguments put forward in our books, they all raise important issues relating to methodology, the history of economic thought (including omissions), and a number of more specific issues.…
Introduction by the Guest Editor of the Special Issue
Introduction by the Guest Editor of the Special Issue." Forum for Social Economics, 41(1), pp. 4–5
Useless but True’: Economic Crisis and the Peculiarities of Economic Science
The recent economic crisis has brought to the fore another crisis that has been going on for many years, that of (orthodox) economic theory. The latter failed to predict and, after the event, cannot offer an explanation of why it happened. This article sketches out why this is the case and what constitutes the crisis of economics. On this basis, the case is made for the revival of an interdisciplinary political economy as the only way for offerin…
From Political Economy to Economics
From Economics Imperialism to Freakonomics: The Shifting Boundaries Between Economics and Other Social Sciences
Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism". In other…
From Political Economy to Economics: Method, the social and the historical in the evolution of economic theory
Shows how economics was once rich, diverse, multidimensional and pluralistic. Details how political economy became economics through the desocialisation and dehistoricisation of the dismal science
From Principle of Pricing to Pricing of Principle: Rationality and Irrationality in the Economic History of Douglass North
The current intellectual climate is marked by a dual retreat, faltering and uneven, from the excesses of neo-liberalism and postmodernism. First, the idea that the world is, and should be made as far as possible, like a perfect market, virtualism for Carrier and Miller (1998), is losing ground, giving way to an understanding organized around the more-or-less pervasive presence and influence of market imperfections and the need for the non-market …
Dialectics and Crisis Theory: A Response to Tony Smith
Brenner's ‘The Economics of Global Turbulence’ has induced a flood of responses, the vast majority of them critical, especially on grounds of (divergence from Marx's) method and theory. Tony Smith1 is an exception in seeking to defend Brenner, mostly by pushing his arguments further and by attacking his critics, including ourselves. In part, Smith interprets Brenner and credits him with positions that he can either defend for himself or, as we su…
Addressing the World Economy: Two Steps Back
This article reviews Robert Brenner's 'The Economics of Global Turbulence', New Left Review, May/June, 1998. Several decisive weaknesses of Brenner's contribution are identified. First, Brenner's theoretical treatment of capitalist competition and accumulation is in the spirit of Adam Smith and mainstream economics rather than Marx. Second, Brenner ignores the significance of credit for capitalist crisis. Third, he leaves entirely out of account …
The Dynamics of History: Structure and Agency in Historical Evolution
In an article published in this journal (Milonakis, 1993-94) I attempted a fresh look at the dynamics of feudalism by providing an alternative framework, to both Gerald Cohen's technological determinism and Robert Brenner's class-power approaches. Claudio Katz, in his recent critical note in response to my article (1994), argues that my attempt at constructing such a framework has failed, since my approach is in essence the same as Brenner's. In …
Commodity production and price formation before capitalism: A value theoretic approach
This article uses a historically-specific approach to simple commodity production in order to analyse its functioning in precapitalist conditions. Through the use of value theory, the mechanism of the formation of prices in these undeveloped market conditions is examined, and the alterations in the operation of the law of value brought about by changes in historical conditions of existence (pre-capitalistlcapitalist) are investigated. The theoret…
Prelude to the Genesis of Capitalism: The Dynamics of the Feudal Mode of Production
This article attempts a fresh look at the fundamental processes that took shape inside feudalism and prepared the ground for the original transition to capitalism. Towards this end, the limitations of the approaches based on the “class conflict” school and on the productive forces/production relations framework are exposed and an alternative framework is proposed. This consists of three basic elements: first, the specific features of the feudal s…
Prelude to the Genesis of Capitalism: The Dynamics of the Feudal Mode of Production
This article attempts a fresh look at the fundamental processes that took shape inside feudalism and prepared the ground for the original transition to capitalism. Towards this end, the limitations of the approaches based on the “class conflict” school and on the productive forces/production relations framework are exposed and an alternative framework is proposed. This consists of three basic elements: first, the specific features of the feudal s…
Useless but True’: Economic Crisis and the Peculiarities of Economic Science
The recent economic crisis has brought to the fore another crisis that has been going on for many years, that of (orthodox) economic theory. The latter failed to predict and, after the event, cannot offer an explanation of why it happened. This article sketches out why this is the case and what constitutes the crisis of economics. On this basis, the case is made for the revival of an interdisciplinary political economy as the only way for offerin…
From Principle of Pricing to Pricing of Principle: Rationality and Irrationality in the Economic History of Douglass North
The current intellectual climate is marked by a dual retreat, faltering and uneven, from the excesses of neo-liberalism and postmodernism. First, the idea that the world is, and should be made as far as possible, like a perfect market, virtualism for Carrier and Miller (1998), is losing ground, giving way to an understanding organized around the more-or-less pervasive presence and influence of market imperfections and the need for the non-market …
Addressing the World Economy: Two Steps Back
This article reviews Robert Brenner's 'The Economics of Global Turbulence', New Left Review, May/June, 1998. Several decisive weaknesses of Brenner's contribution are identified. First, Brenner's theoretical treatment of capitalist competition and accumulation is in the spirit of Adam Smith and mainstream economics rather than Marx. Second, Brenner ignores the significance of credit for capitalist crisis. Third, he leaves entirely out of account …
Accumulation by dispossession and hegemony in place: The Greek experience
Seeking to make sense of the Greek crisis Odyssey and the attendant restructuring of the economy, this article focuses on the spatial dynamics of the crisis. To this end, it builds on Harvey's concept of accumulation by dispossession and Gramscian hegemony to evaluate the crisis remedy administered to Greece. An attempt is made to demonstrate dispossession of land, public resources and natural assets as a hegemonic project, as it takes place, lin…
Coasean Theory of Property Rights and Law Revisited: A Critical Inquiry
Ronald Coase's famous Theorem states that externalities - third-party effects of transactions that undermine the supposed optimality of competitive equilibrium - do not need to be corrected by active government policy, as in the classical presentation by A. C. Pigou, if there are complete markets in property rights. This Theorem, however, is inherently flawed, as revealed by “internal” or “immanent” critique of its assumptions. It thus fails, eve…
From Freakonomics to Political Economy
In this response to the symposium on our two books we try to deal as fully as possible in the brief space available with most of the major issues raised by our distinguished commentators. Although at least three of them are in agreement with the main thrust of the arguments put forward in our books, they all raise important issues relating to methodology, the history of economic thought (including omissions), and a number of more specific issues.…
Commodity production and price formation before capitalism: A value theoretic approach
This article uses a historically-specific approach to simple commodity production in order to analyse its functioning in precapitalist conditions. Through the use of value theory, the mechanism of the formation of prices in these undeveloped market conditions is examined, and the alterations in the operation of the law of value brought about by changes in historical conditions of existence (pre-capitalistlcapitalist) are investigated. The theoret…
Prelude to the Genesis of Capitalism: The Dynamics of the Feudal Mode of Production
This article attempts a fresh look at the fundamental processes that took shape inside feudalism and prepared the ground for the original transition to capitalism. Towards this end, the limitations of the approaches based on the “class conflict” school and on the productive forces/production relations framework are exposed and an alternative framework is proposed. This consists of three basic elements: first, the specific features of the feudal s…
Commodity production and price formation before capitalism: A value theoretic approach
This article uses a historically-specific approach to simple commodity production in order to analyse its functioning in precapitalist conditions. Through the use of value theory, the mechanism of the formation of prices in these undeveloped market conditions is examined, and the alterations in the operation of the law of value brought about by changes in historical conditions of existence (pre-capitalistlcapitalist) are investigated. The theoret…
The Dynamics of History: Structure and Agency in Historical Evolution
In an article published in this journal (Milonakis, 1993-94) I attempted a fresh look at the dynamics of feudalism by providing an alternative framework, to both Gerald Cohen's technological determinism and Robert Brenner's class-power approaches. Claudio Katz, in his recent critical note in response to my article (1994), argues that my attempt at constructing such a framework has failed, since my approach is in essence the same as Brenner's. In …
Addressing the World Economy: Two Steps Back
This article reviews Robert Brenner's 'The Economics of Global Turbulence', New Left Review, May/June, 1998. Several decisive weaknesses of Brenner's contribution are identified. First, Brenner's theoretical treatment of capitalist competition and accumulation is in the spirit of Adam Smith and mainstream economics rather than Marx. Second, Brenner ignores the significance of credit for capitalist crisis. Third, he leaves entirely out of account …
Dialectics and Crisis Theory: A Response to Tony Smith
Brenner's ‘The Economics of Global Turbulence’ has induced a flood of responses, the vast majority of them critical, especially on grounds of (divergence from Marx's) method and theory. Tony Smith1 is an exception in seeking to defend Brenner, mostly by pushing his arguments further and by attacking his critics, including ourselves. In part, Smith interprets Brenner and credits him with positions that he can either defend for himself or, as we su…
From Principle of Pricing to Pricing of Principle: Rationality and Irrationality in the Economic History of Douglass North
The current intellectual climate is marked by a dual retreat, faltering and uneven, from the excesses of neo-liberalism and postmodernism. First, the idea that the world is, and should be made as far as possible, like a perfect market, virtualism for Carrier and Miller (1998), is losing ground, giving way to an understanding organized around the more-or-less pervasive presence and influence of market imperfections and the need for the non-market …
From Political Economy to Economics: Method, the social and the historical in the evolution of economic theory
Shows how economics was once rich, diverse, multidimensional and pluralistic. Details how political economy became economics through the desocialisation and dehistoricisation of the dismal science
From Political Economy to Economics
From Economics Imperialism to Freakonomics: The Shifting Boundaries Between Economics and Other Social Sciences
Is or has economics ever been the imperial social science? Could or should it ever be so? These are the central concerns of this book. It involves a critical reflection on the process of how economics became the way it is, in terms of a narrow and intolerant orthodoxy, that has, nonetheless, increasingly directed its attention to appropriating the subject matter of other social sciences through the process termed "economics imperialism". In other…
Useless but True’: Economic Crisis and the Peculiarities of Economic Science
The recent economic crisis has brought to the fore another crisis that has been going on for many years, that of (orthodox) economic theory. The latter failed to predict and, after the event, cannot offer an explanation of why it happened. This article sketches out why this is the case and what constitutes the crisis of economics. On this basis, the case is made for the revival of an interdisciplinary political economy as the only way for offerin…
Interrogating Sickonomics, from Diagnosis to Cure: A Response to Hodgson
Hodgson's review of our books argues against us that marginalism neither adopted methodological individualism nor excluded the social from economics. Thus, he finds a partial solution to sickonomics in abandoning the term methodological individualism and using both structures and individuals as analytical starting point(s), revisiting Marshallian marginalism dressed up in socio-institutional clothing. He also denies any relationship between the c…
From Freakonomics to Political Economy
In this response to the symposium on our two books we try to deal as fully as possible in the brief space available with most of the major issues raised by our distinguished commentators. Although at least three of them are in agreement with the main thrust of the arguments put forward in our books, they all raise important issues relating to methodology, the history of economic thought (including omissions), and a number of more specific issues.…
Introduction by the Guest Editor of the Special Issue
Introduction by the Guest Editor of the Special Issue." Forum for Social Economics, 41(1), pp. 4–5
Coasean Theory of Property Rights and Law Revisited: A Critical Inquiry
Ronald Coase's famous Theorem states that externalities - third-party effects of transactions that undermine the supposed optimality of competitive equilibrium - do not need to be corrected by active government policy, as in the classical presentation by A. C. Pigou, if there are complete markets in property rights. This Theorem, however, is inherently flawed, as revealed by “internal” or “immanent” critique of its assumptions. It thus fails, eve…
Smith’s Wealth of Nations and the economic past: Setting the scene for economic history
Although Adam Smith used history extensively in his Wealth of Nations, his contribution to economic history is neither systematised nor explicitly presented. The aimof this paper is to investigate the ways in which history is incorporated in Smith’s political economy and to elucidate the role of historical investigation in Smith’s Wealth of Nations. We propose a “four thematic” approach of Smith’s use of history, corresponding to four distinct wa…
Paradigm Change or Assimilation? The Case of Behavioral Economics
In light of Thomas Kuhn’s view that paradigm change requires the existence of an alternative paradigm, this inquiry examines whether behavioral economics provides a foundation for change in economics. Drawing on Kuhn’s account of normal science that integrates science as a social system and a system of ideas, it critically examines the institutional and conceptual standing of behavioral economics relative to the mainstream paradigm and the altern…
Phantom investments, hegemony and the chameleon of dispossession: Tourism development at Cavo Sidero- Crete, Greece
Questioning the prevailing discourse of multiple benefits surrounding tourism development, this paper examines the Itanos Gaia investment on Cavo Sidero peninsula, north-eastern Crete as a hegemonic project of dispossession. Drawing on David Harvey’s theorisation of accumulation by dispossession and Gramsci’s original work on hegemony, we describe and analyse the specificities and antinomies of the Itanos Gaia project, first to chart the modaliti…
Accumulation by dispossession and hegemony in place: The Greek experience
Seeking to make sense of the Greek crisis Odyssey and the attendant restructuring of the economy, this article focuses on the spatial dynamics of the crisis. To this end, it builds on Harvey's concept of accumulation by dispossession and Gramscian hegemony to evaluate the crisis remedy administered to Greece. An attempt is made to demonstrate dispossession of land, public resources and natural assets as a hegemonic project, as it takes place, lin…
An Early Anticipation of Market Socialism? Liberalism, Heresy, and Knowledge in John Stuart Mill's Political Economy of Socialism
John Stuart Mill is considered one of the most important representatives of the classical school of political economy. His intellectual development exhibited a gradual transition toward more socialistic views. This transition was partly the result of his interaction with French utopian socialists, which led Mill to theoretically construct an economic system lying between what is now called market capitalism and revolutionary socialism. For Mill, …
Economics (17 works) · Political science (17 works) · Law (15 works) · Neoclassical economics (15 works) · Economic Theory and Institutions (14 works) · Political Economy and Marxism (11 works) · Sociology (11 works) · Law (9 works) · Politics (9 works) · Positive economics (9 works)