Title: Economic Imperialism and Return to Classic Economics
Abstract: It is the respect of truth of sciences and economists’ rational choice together that decides the evolutionary path of economics. Human economic choices are all made in society system, so economics should link economic system to political and social systems or return to its classic traditions. On this background, economists, aiming at more academic success, lead the framework of maximization of utility into non-economic field, which results in economic imperialism. But without examination standard of money or currency and competition environment of market, economic imperialism can not survive as a long-run equilibrium. So, the return of economics can not be accomplished through the pattern of economic imperialism or taking the place of other social science.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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