HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?

Year 2020, Volume: 38 Issue: 1, 1 - 32, 31.03.2020

Taner Akan

https://doi.org/10.17065/huniibf.470418

Abstract

The paper aims to explain how deep the ongoing crisis of neoclassical political economy – NCPE is and if this crisis can be overcome through an inside-out change. For this purpose, the paper first investigates the roots of this crisis across the NCPE’s epistemological, economic, and political axioms at the level of theory. The paper then analyses the practical implications of this theoretical investigation with reference to the US model of political economy, including a comparative account of this model with the German model in terms of the commonality or variety of the NCPE’s impact on liberal and illiberal countries. The paper concludes that the NCPE’s ongoing crisis is an epistemological and systemic one emanating out of its flawed theoretico-practical pillars and that this crisis cannot be overcome through an inside-out change due to the inter-blocking dynamics of these pillars.

Keywords

neoclassical economics, neoliberal politics, global economic crisis

NEO-KLASİK POLİTİK İKTİSADIN KRİZİ NE KADAR DERİN?

Abstract

Bu çalışma neoklasik ekonomi politiğin - NKEP devam eden krizinin yapısal derinliğini ve krizin neoklasik modelin kendi politika araçları ile aşılıp aşılamayacağını açıklamayı hedeflemektedir. Çalışma, ilk olarak, anılan krizin temellerini neoklasik teorinin epistemolojik, iktisadi ve siyasal dinamikleri çerçevesinde ve teorik ölçekte irdelemektedir. İkinci olarak ise bu teorik analizin pratik içerimlerini ABD’nin ekonomi politik modeline referansla açıklamaktadır. Bu analiz, ayrıca, NKEP’nin liberal ve liberal olmayan ekonomiler üzerindeki etkisinin ortak ve farklı içerimlerini açıklamayı amaçlayan ABD ve Alman modelleri arasındaki bir karşılaştırmayı da içermektedir. Çalışmada, NKEP’nin devam eden krizinin sorunlu teorik ve pratik dinamiklerinden kaynaklandığı ve bu dinamiklerin sistemik bir değişimi bloke eden özellikleri nedeniyle anılan krizin NKEP’nin içsel politika araçlarıyla aşılmasının mümkün olmadığı sonucuna varılmaktadır.

Keywords

neoklasik iktisat, neoliberal siyaset, küresel ekonomil kriz

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