Classical Liberalism
The Foundation for a New Economics
Bibliographic Data
| ID | 6252077 |
|---|---|
| Authors | Victoria Bateman (0000-0003-3830-3077, corresponding author) |
| Year | 2016 |
| Volume | 28 |
| Issue | 3-4 |
| Pages | 440-460 |
| Publication date | 2016-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Critical Review (JOURNAL) |
| Journal identifiers | ISSN: 0891-3811 • E-ISSN: 1933-8007 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/08913811.2016.1264157 |
| OpenAlex | W2562006992 |
| Language | EN |
| References cited | 30 |
In Robust Political Economy, Mark Pennington argues for a minimal state founded not on neoclassical economic principles but on a return to classical liberalism. Pennington makes his case on the basis of Hayek’s “knowledge” problem and public-choice theory’s “incentive” problem. While this is a welcome start, classical liberalism is a promising agenda for a new economics, and for the “reform of capitalism,” only if it is accompanied by an explicit rejection of Milton Friedman’s subordination of normative to positive economics, and by a move beyond the traditional division of the economy into twin spheres (the state and the market) to embrace a third element: the domestic sphere
Capitalism · Classical liberalism · Economic liberalism · Economics · Foundation (evidence · Law and economics · Liberalism · Neoclassical economics · Normative · Political science · Politics · Positive economics · State (computer science · Subordination (linguistics · Economic Theory and Institutions · Historical Economic and Social Studies · Law · Occupational and Professional Licensing Regulation
The scope and method of political economy
The Methodology of Positive Economics
Finance and Development
Gender-Class Equality in Political Economies
Growing Public
The British Industrial Revolution in Global Perspective
State Capacity and Economic Development
Analyzing the Extent and Influence of Occupational Licensing on the Labor Market
If women counted
Phishing for Phools
A culture of growth the origins of the modern economy
Value in Social Theory, A Selection of Essays in Methodology
Girl power
Where did economics go wrong? Modern economics as a flight from reality
Methodology of Social Sciences
A Monetary History of the United States, 1867-1960
Between the gift and the market
| Highly cited | No |
|---|