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Date: | Fri Mar 31 17:18:49 2006 |
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I find this discussion about economics and particularly microeconomics
being a theory of choice quite strange. It seems to be a very narrow
conversation in which most discussants have no idea that economics can
be defined in totally different terms--that is economics is a contested
discipline. By ignoring non-choice approaches to economics, most of the
discussants are implicitly saying that economists such as Post
Keynesians, Sraffians, Institutionalists, Marxists, social economists,
feminist economists, and a host of other heterodox economists are not
really economists but may be, to use William Coleman's phrase,
anti-economists and engaged in anti-economics; and perhaps they should
be excluded from the hes listserve and excluded from the profession. If
this is indeed the sentiment of the majority of the discussants on the
hes listserve, perhaps the moderator should reserve it to only those
economists who define economics as only a theory of choice.
As a side note, I argue that economics is the theory of the social
provisioning process and that the heterodox theory of it is not grounded
in mainstream choice theory of any sort. And, moreover, I teach and do
research in heterodox microeconomics in which economics as a theory of
choice is totally rejected as well all other aspects of mainstream
microeconomic theory. While it may be a 'wrong' approach, it is
certainly an alternative approach to microeconomics as a theory of
choice.
Fred Lee
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