An examination of the book "The Struggle over the Soul of Economics: Institutionalist and Neoclassical Economists in America between the Wars" by Yuval P. Yonay.
Written in 2002; 2,145 words; 8 sources; MLA; $ 67.95
Paper Summary:
A study of the book by Yonay in which he puts recent history of the development of economic knowledge into a reasonably understandable linear perspective. It discusses how Yonay puts economics into the context of an important emerging social science.
Yonay on the Neoclassical Era (1870 - 1914)
Yonay and Constructivism
Yonay on Marshall and Others
Yonay on Kuhnian Paradigms (phenomena)
Yonay on the Latourian Actor-Network Approach
Yonay and the Lakatosian Research Programs
Conclusion
Works Cited
From the Paper:
"Yonay believes that too many "practitioners" have "biases" which are nearly similar, as regards the past and how economists describe the past. He mentions the broad trends that emerged during the Neoclassical Era ? supply and demand, marginal utility, historicism, and institutionalism ? all which had important impacts on economists during that era. Alfred Marshall was considered, Yonay says, the leader in economic thought (as a member of the Cambridge School, which he established). In fact, Yonay calls Marshall ?the quintessentially neoclassical economist who put the new marginalism in order,? linked it to previous teachings, and ?wrote the basic textbook that constituted the cornerstone of economic training worldwide.? "
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