Comment by throwaway27448
4 days ago
Distinguishing between the economic and politics seems impossible—hence the term "political economy". Splitting the two was a bad decision.
4 days ago
Distinguishing between the economic and politics seems impossible—hence the term "political economy". Splitting the two was a bad decision.
Yeah, isn't it only a relatively recent split - mid 20th century, I think?
Before that, the term "economy" was only used as a synonym for thrift or a system of management or control (and "economist" tended to mean someone who wanted to reduce spending or increase restrictions on something).
Arguably Marx is the most important historical scientist when it comes to political economy. The methodology pioneered by him has been extremely influential.
Reactionary liberalism, e.g. neoliberalism, Austrian school, that kind of thing, discards the 'mess' of interdisciplinary approaches and seek a return of a protestant worldview, riffing off of their use of the New Testament verses about "render unto Caesar". This puts them in harsh ideological conflict with the political economists and elevates their 'theology' above the work of previous scientists.
Historically some trace political economy to ibn Khaldun, but in the Occident it's Ricardo, Mill, Marx and so on that create a (to us) recognisable science out of it.
This is a reply to nradov.
> He didn't follow the scientific method.
Science is not the only legitimate form of gaining knowledge. What you write applies to every philosopher. And economics is not generally known for being the most scientific of all sciences. This is all the more true of neoclassical economists, who are probably closer to your worldview if Marx triggers such a knee-jerk reaction in you. Whether you like it or not, Marx was a gifted systematic and analytical thinker. Even his ideological opponents admit this. At least if they can hold a candle to him intellectually...
Marx wasn't a scientist. He didn't follow the scientific method. He was a lazy pseudo-intellectual who cherry-picked particular pieces of history to support his preferred narrative.
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