Adolph Löwe's Political Economics

Instrumentalism as Enlightened Intervention

Datos Bibliográficos

ID2776889
AutoresIngrid H Rima (Temple University, autor de correspondencia)
Año1997
Volumen56
Número3
Páginas303-317
Fecha de publicación1997-07-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAmerican Journal of Economics and Sociology (JOURNAL)
Identificadores de la revistaISSN: 0002-9246 • E-ISSN: 1536-7150
EditorialWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1997.tb03361.x
OpenAlexW2042116018
IdiomaEN
Citas recibidas6
Referencias citadas14

Adolph Lowe's work was dedicated chiefly to developing "political economics" as a foundation for economic theory and instrumental analysis to direct a politically free economy along the path of economic growthThis paper argues that the public management inherent in instrumentalism is not likely to be acceptable in the U S or the U K, except in national economic emergency Yet, the formerly planned economies of central and eastern Europe, whose history is one of stringent control, may have a political preference for a Lowe type of instrumentalism to avoid the results of uncontrolled market processesThe reception accorded Lowe's political economics by economists, as members of a professional community, reflects their methodological preferences and policy views Those who are skeptical of the market clearing capability of the price mechanism, and explain capitalist development as an ongoing historical process, are more likely to be appreciative of instrumental analysis as a policy tool

Duopoly · Economics · Instrumentalism · Intervention (counseling) · Market economy · Microeconomics · Neoclassical economics · Political economy · Political science · Politics · Preference · Public choice · Skepticism · Economic Theory and Institutions · Economic Theory and Policy · Law · Philosophy · Political Economy and Marxism