Adolph Lowe's Paradigm Shift for a Scientific Economics

An Interpretive Perspective

Bibliographic Data

ID2766443
AuthorsRichard X Chase (University of Vermont, corresponding author)
Year1983
Volume42
Issue2
Pages167-178
Publication date1983-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1983.tb01703.x
OpenAlexW2130266846
LanguageEN
Citations received2
References cited1

The economist Adolph Lowe has developed a methodological alternative, designated Political Economics, for the development of economic theory and the application of economic policy. In totality his system-with a methodology he calls instrumental-makes up a unity that can be seen as a logically derived paradigm shift for economics as a scientific discipline. Under it, by a democratic political process, some desired end-state is first consciously and systematically determined. Then economic means are instrumentally employed to bring about the economic and social behavior necessary to attain and maintain that end-state. Available knowledge and tools are useful for this model; however, there is no question that the approach raises significant technical, political and philosophical issues. But these are overshadowed by Lowe's paradigmatic vision, and its corollary modular framework of Political Economics

Corollary · Democracy · Economics · Epistemology · Neoclassical economics · Paradigm shift · Perspective (graphical) · Political science · Politics · Positive economics · Process (computing) · Social science · Sociology · State (computer science) · Artificial Intelligence · Computer Science · Economic Theory and Institutions · Law · Mathematics · Philosophy

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