2025/07/23 by Guglielmo Chiodi · 1 voice
Economics, Econometrics and Finance · Social Sciences · #Economic Theory and Institutions #Economic Theory and Policy #Political Economy and Marxism
paper · doi:10.1080/09538259.2025.2533840
openalex publication_date 2025/07/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/06/15
The paper draws inspiration from a short article by Augusto Graziani (AG), published in a non-academic journal in 1980, (Graziani 1980). The insightful reflections therein contained greatly invite to investigate further, and in much more details, the thesis according to which the meaning and the scope of any economic theory cannot exclusively be given by its logico-formal structure. It will be argued, in fact, that, as a social discipline, economics does possess an unavoidable political characterization, which any theory, explicitly or implicitly, necessarily conveys. In particular, and as a consequence, any kind of critique of the dominant Neoclassical economic theory and of its strictly connected variants, such as ‘ordoliberalism’ and ‘neoliberalism’, cannot be based on judgements concerning their logical consistency only, for it is necessary to take into account and seriously scrutinize also their political characterization.