Markets, Productivity, and Happiness in a Historical Perspective

History of Economic Thought: A Multi-Paradigmatic Approach

Ardalan Kavous , Marist College

Any explanation of the “history of economic thought” is based on a worldview. The premise of this paper is that any worldview can be associated with one of the four broad paradigms: functionalist, interpretive, radical humanist, and radical structuralist. This paper takes the case of the “history of economic thought” and discusses it from the four different viewpoints. It emphasizes that the four views expressed are equally scientific and informative; they look at the phenomenon from their certain paradigmatic viewpoint; and together they provide a more comprehensive and balanced understanding of the phenomenon under consideration. In this paper, Part I discusses the four paradigms and Part II discusses four paradigmatic views with respect to the “history of economic thought.”


Keywords: History of Economic Thought; Paradigms; Diversity; Worldviews; Ontology; Epistemology; Methodology

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