Economics in Context: On Institutions, Civic Ethics, and Liberal Civil Society
Journal of Economic Education, 2004, 35(2): 197-211
15 Pages Posted: 7 Jan 2016
Date Written: 2003
Academic departmentalization has limited the dimensionality and thus the richness of analysis in the social sciences. The author examines the case of a modem economics as an example. He reviews the ideas of Williamson (2000), who cites the limits of scope in the New Institutional Economics; Buchanan, who lays bare the ethical foundations of political economy in his constitutional economics; and Adam Smith, whose moral philosophy reflects a fully dimensional analysis. The author cites examples of how modem economic analysis can be enhanced by a reintegration with the other social sciences.
Keywords: ethics, institutions, socialization
JEL Classification: Al2, A13, B31
Suggested Citation: Suggested Citation