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1、Understand the Marginal RevolutionDe Vroey, Michel. 1975. “The Transition from Classical to Neoclassical Economics: A Scientific Revolution.”Journal of Economic Issues Vol. IX No.3 : 415-439School of Economics, DUFEIntroduction 1Benjamin Ward once wrote:Economic science develops along a sharply cons
2、trained trajectory. The motive force is caused by the emergence of puzzles, which in turn is caused by proposing of solutions to previous puzzles, and by transforming the issue of the time into the language of economic science. Constraints to the path of development come from the focusing devices, i
3、ncluding the evolving tradition fo acceptable stylized facts, the underlying worldview economists have in common, and the constraints imposed by power in the normal social science system and its environment.School of Economics, DUFE Introduction 1This research does not intend to criticize Wards view
4、, but to enhance it by focusing on those aspects to which Ward alludes when he speaks of constraints imposed by power in environment.First, in the social sciences, the process of scientific construction necessarily includes a political dimension, which plays a pervasive role in the orientation of sc
5、ientific activities. Second, in a class society, the ruling class cannot be indifferent to the type of social science developing in the society in which it holds power.School of Economics, DUFE Introduction 1The analysis will be structured in Kuhnian terms, but supplemented with the political connec
6、tions.We will argue that this transition exhibits the characteristics of a scientific revolution, in the Kuhn sense, and we will defend the view that the occurrence of this revolution is fully understandable only if account is taken of its political dimension.School of Economics, DUFE Introduction 2
7、School of Economics, DUFE1. The Political DimensionLet us start by looking at the way in which scientific models are built, described by Ronald Meek:The model-builder usually begins, on the basis of a preliminary examination of the facts, by adopting what Schumpeter has called a “vision” of the econ
8、omic process. In other words, he begins by orienting himself towards some key factor or factors which he regards as being of vital causal significance so far as the structure and development of the economic system as a whole are concerned. With this vision uppermost in his mind, he then proceeds to
9、a more thorough examination of School of Economics, DUFE the economic facts both of the present situation and of the past situations which have led up to it, and arranges these facts in order on what might be called a scale of relevanceTaking the facts which he has placed at the top of the scale as
10、his foundation, the model-builder proceeds to develop certain concepts, categories and methods of classification which he believes will help him to provide a generalized explanation of the structure and development of the economy The particular analytical devices which he employs-his tools and techn
11、iques, as it were-are thus by no means arbitrarily chosen. To quite a large extent they are dependent upon the nature of his vision, the nature of primary facts which they are to be used to explain, and the nature of the general method of analysis which he decides to adopt.School of Economics, DUFE
12、1. The Political DimensionImplicit choices are made at the onset of the theoretical construction, and the impinge upon its whole development. First, the way one defines the object of economics contains a choice that is full of consequences. To assert, that this object is efficiency is to narrow ones
13、 view to a technocratic approach to economics and the economists role. It excludes all reference to the analysis of the transformation of economic structures from the heart of the science.School of Economics, DUFE 1. The Political DimensionThis order of priorities is not neutral. The effects on scie
14、ntific development can be shown in the case of the basic economic categories, the unit of analysis used in a theory and the rationality of action attributed to economic agent.Concerning the units of analysis, one of two approaches can be adopted.In the first case, one considers that social classes,
15、that is, groups of people aggregated according to their specific relationship to the means of production, are the effective actors, shaping economic and social development.School of Economics, DUFE 1. The Political DimensionThe other approach, on the contrary, considers that it is the individual, wi
16、th his aims and tastes, who constitutes the basic unit upon which economic theory should be built.Individuals are seen as the atoms of society, and no intermediate structure between them and the aggregate society is deemed relevant.The same duality concerned the rationality of actions. It may be ass
17、umed either that economic units are free choosers or that their behavior is socially determined. School of Economics, DUFE 1. The Political DimensionIn the first case, human action is made equivalent to the act of a choice among alternatives. The central premise is that behavior is regarded as the r
18、esult of an individual decision.For example, if some presents himself on the job market as a miner, this would then be explained exclusively in terms of his preferences, his utility and disutility function, his attitude toward risk and abstinence, and so forth.School of Economics, DUFE 1. The Politi
19、cal DimensionOn the contrary, the second conception considers that social behavior is best explained in terms of social belonging and the constraints flowing from the exigencies of the systems functioning and self-reproduction, and that free decision occurs only within narrow limits.In the latter in
20、terpretation, individual are seen as “personification of economic categories, embodiments of particular class-interests”, to borrow Marxs expression.School of Economics, DUFE 1. The Political DimensionOne of the two grids of analysis has to be used as the basic category of apprehension of reality.Di
21、fferences between paradigms lie not so much in the fact that they provide different answers to the same questions, but in the fact that they ask different questions.Because of these preliminary options about the social vision and the basic categories of analysis, social science cannot be neutral.Sch
22、ool of Economics, DUFE 2. Class InterestsIf, as just described, scientific construction includes a political dimension, then, in a class society, the ruling class is not indifferent to the type of social science developing in the society in which it holds power.More specifically, one should assume t
23、hat a ruling class utilizes its power to influence scientific construction.School of Economics, DUFE 2. Class InterestsA paradigm, the social vision of which corresponds to the interests of the ruling class, will see its developments encouraged, while on the contrary, an approach leaning against the
24、se interests will be overthrown or stifled in its growth.Knowledge does not limit to a disinterested quest for truth. Its is also a political confrontation where opposing views of society fight each other.School of Economics, DUFE 2. Class InterestsTheories of the social science contain a political
25、dimension that flows from the social vision on which they are founded. This vision influences the choices of units of analysis, the object they treat, and the ones they do not.The efficient development of a science does not require those professing it to be aware of these implications. Once the fram
26、ework of analysis is set up, science develops according to its internal logic and School of Economics, DUFE 2. Class Intereststhe development is socially controlled by the ruling classes, as already stated above, because of the political consequences of scientific statements. This leads to the encou
27、ragement of apologetic, inoffensive, the technocratic theories and to the dissuasion of those that criticize the existing social order.School of Economics, DUFE 3. Kuhns Normal ScienceNormal science refers to the specific state of development of two related but distinct realities, namely science as
28、a social system and science as a system of ideas.Science as a social system refers to the community formed scholars of a like discipline.It exists through a series of institutions, which act as support for the development of interactions and education (department, reviews, meetings).School of Econom
29、ics, DUFE 3. Kuhns Normal ScienceThese institutions are penetrated with social values, for example, criteria for rigorous scholarship or for admission within the profession.There is also a specific distribution of prestige bearing upon institutions as well as upon people. In this regard, the judgmen
30、t of colleagues is more important than that of the general public.School of Economics, DUFE 3. Kuhns Normal ScienceLikewise, there is a structure of power, linked with the prestige elements and based upon past achievement and the holding of strategic position.The notion of paradigm expresses the uni
31、ty and the coherence of a system of ideas. It passes the social vision, methodological principles and categories, theories, techniques and stereotyped examples.School of Economics, DUFE 3. Kuhns Normal ScienceThe paradigm enables scholars to concentrate on narrow fields of research without losing th
32、e feeling that their specialized activities are integrated in a wider context.Thus a normal science consists of two articulated elements: a specific scientific community and a specific paradigm.Kuhns main thesis is that a change of the paradigm in dominance occurs in a rather brutal way, comparable
33、to political revolution.School of Economics, DUFE 3. Kuhns Normal ScienceThe signs of a crisis are the appearance of anomalies, that is, puzzles which the existing paradigm cannot resolve.A general uneasiness about the relevance of the framework then arises. If the anomalies are not resolved and the
34、 uneasiness tempered, and if approaches involving a radically different way of looking at the problems are suggested, then the chance of a revolution will grow.School of Economics, DUFE 3. Kuhns Normal ScienceHowever, cognitive factors are not sufficient in themselves to cause the move, as such a ch
35、ange does not occur in a social vacuum. The power elite within the profession is to the existing paradigm. Since they feel, rightly, that changes within the power and prestige structure probably will follow a scientific revolution, they may well use their power oppose the changes.School of Economics
36、, DUFE 3. Kuhns Normal ScienceThus a scientific revolution is the result of forces in tension. On the one hand there are forces, usually of a cognitive order, pushing for a break.On the other there are forces, either cognitive (the ability of an existing paradigm to broaden its scope in order to int
37、egrate anomalies) or social, which will work against the successful occurrence of the scientific revolution.Given Kuhns view, we enter the heart of the subject.School of Economics, DUFE Classical and Neoclassical ParadigmSchool of Economics, DUFEA Comparison of the Main Features of the Classical and
38、 the Neoclassical ParadigmSchool of Economics, DUFEConclusionSchool of Economics, DUFEConclusionIn our opinion , the deep rationale underlying the attack against the Ricardian theory of value was that it led to radical conclusions. The urgent task was to discard a theory which was justifying a radical transformation of society. We face here a clear example of a contradiction between a theoretical framework leading to radical conclusions and the power structure within society, in which the bourgeoisie had e the dominant cla
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